Price for Aluminium; Tubes and Pipes in Iraq - 2022

Price for Aluminium; Tubes and Pipes in Iraq (CIF) - 2022

In 2022, the average aluminium; tubes and pipes import price amounted to $3,340 per ton, waning by -7% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The pace of growth was the most pronounced in 2021 an increase of 14%. The import price peaked at $3,713 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,311 per ton), while the price for Iran ($2,193 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

Price for Aluminium; Tubes and Pipes in Iraq (FOB) - 2022

In 2021, the average aluminium; tubes and pipes export price amounted to $2,160 per ton, remaining constant against the previous year. Over the period under review, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $9,133 per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Imports of Aluminium; Tubes and Pipes in Iraq

In 2022, imports of aluminium; tubes and pipeses into Iraq surged to 2.7K tons, increasing by 19% on 2021 figures. Over the period under review, imports, however, saw a noticeable contraction.

In value terms, aluminium; tubes and pipes imports rose remarkably to $9.2M in 2022. In general, imports, however, saw a mild downturn.

Import of Aluminium; Tubes and Pipes in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.7	8.9	6.5	6.9	-3.6%
Iran	0.1	0.1	0.9	1.0	115.4%
Italy	0.9	0.1	N/A	0.4	-23.7%
Turkey	0.4	0.4	0.4	0.3	-9.1%
Austria	0.1	0.2	0.3	0.3	44.2%
Others	0.4	0.3	0.2	0.4	0.0%
Total	9.5	10.0	8.3	9.2	-1.1%

Top Suppliers of Aluminium; Tubes and Pipes to Iraq in 2022:

China (2058.4 tons)
Iran (448.2 tons)
Turkey (84.9 tons)
Italy (58.3 tons)
Austria (57.2 tons)

Exports of Aluminium; Tubes and Pipes in Iraq

In 2021, the amount of aluminium; tubes and pipeses exported from Iraq stood at 100 kg, approximately equating the previous year. Overall, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, aluminium; tubes and pipes exports stood at $216 in 2021. In general, exports showed a drastic downturn. The smallest decline of 99.9% was in 2020.