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Report Iraq - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Iraq - Wire of Iron or Non-Alloy Steel (Stainless Steel or Other Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Iraq

In 2020, the Iraqi iron and steel wire market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption recorded prominent growth. The growth pace was the most rapid in 2010 when the market value increased by X% against the previous year. Iron and steel wire consumption peaked in 2020 and is expected to retain growth in the immediate term.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Iraq

In 2020, after two years of decline, there was decline in overseas shipments of wire of iron or non-alloy steel (stainless steel or other alloy steel), when their volume decreased by X% to X kg. Overall, exports showed significant growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. As a result, exports reached the peak of X tons. from 2011 to 2020, the growth exports remained at a lower figure.

In value terms, iron and steel wire exports stood at $X in 2020. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Turkey (X tons) was the main destination for iron and steel wire exports from Iraq, with a approx. X% share of total exports.

From 2007 to 2017, the average annual rate of growth in terms of volume to Turkey was relatively modest.

From 2007 to 2017, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

The average iron and steel wire export price stood at $X per ton in 2017, flattening at the previous year. In general, the export price saw a deep downturn. As a result, export price reached the peak level of $X per ton. from 2009 to 2017, the growth in terms of the average export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2007 to 2017, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Iraq

For the third year in a row, Iraq recorded growth in purchases abroad of wire of iron or non-alloy steel (stainless steel or other alloy steel), which increased by X% to X tons in 2020. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2020, imports remained at a lower figure.

In value terms, iron and steel wire imports rose rapidly to $X in 2020. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

Imports by Country

China (X tons) and Turkey (X tons) were the main suppliers of iron and steel wire imports to Iraq.

From 2007 to 2020, the biggest increases were in China.

In value terms, China ($X) constituted the largest supplier of iron and steel wire to Iraq, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China amounted to +X%.

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs in 2020 and is likely to see gradual growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while the price for Turkey totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of iron and steel wire consumption, accounting for 33% of total volume. Moreover, iron and steel wire consumption in China exceeded the figures recorded by the second-largest consumer, the U.S., fourfold. Japan ranked third in terms of total consumption with a 5.7% share.
The country with the largest volume of iron and steel wire production was China, comprising approx. 38% of total volume. Moreover, iron and steel wire production in China exceeded the figures recorded by the second-largest producer, the U.S., sixfold. Japan ranked third in terms of total production with a 5.4% share.
In value terms, China constituted the largest supplier of iron and steel wire to Iraq, comprising 79% of total imports. The second position in the ranking was occupied by Turkey, with a 16% share of total imports.
The average iron and steel wire export price stood at $1,550 per ton in 2017, approximately mirroring the previous year.
The average iron and steel wire import price stood at $1,070 per ton in 2020, surging by 4.9% against the previous year.

This report provides an in-depth analysis of the market for iron and steel wire in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

  • Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
  • Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
  • Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
  • Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)

Country coverage:

  • Iraq

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Iraq
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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