Iraq: Wooden Kitchen Furniture Market 2024

Wooden Kitchen Furniture Market Size in Iraq

After two years of growth, the Iraqi wooden kitchen furniture market decreased by -7.3% to $X in 2022. Overall, consumption, however, saw a pronounced expansion. Wooden kitchen furniture consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Wooden Kitchen Furniture Production in Iraq

In value terms, wooden kitchen furniture production stood at $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +12.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 196%. Wooden kitchen furniture production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Wooden Kitchen Furniture Exports

Exports from Iraq

After three years of growth, shipments abroad of wooden furniture for kitchens decreased by -46% to X units in 2022. Over the period under review, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 1,231% against the previous year. As a result, the exports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, wooden kitchen furniture exports shrank remarkably to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,300%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Turkey (X units) was the main destination for wooden kitchen furniture exports from Iraq, with a 73% share of total exports. Moreover, wooden kitchen furniture exports to Turkey exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Lebanon (-17.7% per year).

In value terms, Turkey ($X) remains the key foreign market for wooden furniture for kitchens exports from Iraq, comprising 73% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Lebanon (-33.4% per year).

Export Prices by Country

In 2022, the average wooden kitchen furniture export price amounted to $X per unit, approximately reflecting the previous year. Overall, the export price showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when the average export price increased by 70% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.9%).

Wooden Kitchen Furniture Imports

Imports into Iraq

In 2022, approx. X units of wooden furniture for kitchens were imported into Iraq; waning by -16.4% against the year before. Over the period under review, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2013 with an increase of 123%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, wooden kitchen furniture imports declined to $X in 2022. In general, imports, however, enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2013 with an increase of 95%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Iran (X units), Turkey (X units) and Italy (X units) were the main suppliers of wooden kitchen furniture imports to Iraq, with a combined 68% share of total imports. Jordan, South Korea, China, Lebanon and the United Arab Emirates lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +52.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wooden kitchen furniture suppliers to Iraq were Turkey ($X), Iran ($X) and Italy ($X), together comprising 54% of total imports. Jordan, South Korea, China, the United Arab Emirates and Lebanon lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, South Korea, with a CAGR of +43.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wooden kitchen furniture import price stood at $X per unit in 2022, increasing by 11% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wooden kitchen furniture import price decreased by -13.1% against 2020 indices. The growth pace was the most rapid in 2020 an increase of 71% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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