Iraq: Silk Fabric Market 2025

Silk Fabric Market Size in Iraq

In 2021, the Iraqi silk fabric market increased by 76% to $X, rising for the fourth year in a row after two years of decline. In general, consumption showed a buoyant increase. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Silk Fabric Exports

Exports from Iraq

In 2021, after three years of growth, there was significant decline in shipments abroad of woven fabrics of silk or of silk waste, when their volume decreased by -45% to X square meters. In general, exports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure at X square meters in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports contracted markedly to $X in 2021. Overall, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2020 with an increase of 40%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X square meters) was the main destination for silk fabric exports from Iraq, with a 77% share of total exports. Moreover, silk fabric exports to the United Arab Emirates exceeded the volume sent to the second major destination, Saudi Arabia (X square meters), threefold.

From 2016 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at -30.3%.

In value terms, the largest markets for silk fabric exported from Iraq were Saudi Arabia ($X) and the United Arab Emirates ($X).

Saudi Arabia, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, picking up by 7.4% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per square meter), while the average price for exports to the United Arab Emirates stood at $X per square meter.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-13.0%).

Silk Fabric Imports

Imports into Iraq

In 2021, supplies from abroad of woven fabrics of silk or of silk waste increased by 73% to X square meters, rising for the fourth consecutive year after two years of decline. In general, imports recorded a moderate expansion. The pace of growth was the most pronounced in 2020 when imports increased by 244% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, silk fabric imports skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 355% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X square meters) constituted the largest supplier of silk fabric to Iraq, with a 85% share of total imports. Moreover, silk fabric imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X square meters), ninefold. The UK (X square meters) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-18.0% per year) and the UK (+43.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Iraq, comprising 90% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.6% share of total imports. It was followed by the UK, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +55.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-20.4% per year) and the UK (+20.6% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, picking up by 2.8% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silk fabric import price increased by +35.8% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 47%. The import price peaked at $X per square meter in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the UK ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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