Sulphates; of Aluminium Price in Iraq - 2022

Contents:

  1. Sulphates; of Aluminium Price in Iraq (CIF) - 2022
  2. Sulphates; of Aluminium Price in Iraq (FOB) - 2022
  3. Sulphates; of Aluminium Imports in Iraq
  4. Sulphates; of Aluminium Exports in Iraq

Sulphates; of Aluminium Price in Iraq (CIF) - 2022

The average sulphates; of aluminium import price stood at $150 per ton in 2022, dropping by -3.5% against the previous year. Overall, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2014 an increase of 17%. Over the period under review, average import prices hit record highs at $280 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($439 per ton), while the price for Iran ($88 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+3.0%), while the prices for the other major suppliers experienced a decline.

Sulphates; of Aluminium Price in Iraq (FOB) - 2022

In 2022, the average sulphates; of aluminium export price amounted to $202 per ton, with a decrease of -3.5% against the previous year. In general, the export price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $305 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -4.0% per year.

Sulphates; of Aluminium Imports in Iraq

After two years of decline, purchases abroad of sulphates; of aluminia increased by 30% to 16K tons in 2022. In general, imports, however, faced a abrupt decline.

In value terms, sulphates; of aluminium imports soared to $2.4M in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump.

Import of Sulphates; of Aluminium in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran7497635407761.2%
Turkey1,826709390653-29.0%
United Arab Emirates48.411.4355460111.8%
China1,1421,105429281-37.3%
Lebanon281183157181-13.6%
Others10913553.664.3-16.1%
Total4,1552,9071,9242,415-16.5%

Top Suppliers of Sulphates; of Aluminium to Iraq in 2022:

  1. Iran (8.9K tons)
  2. Turkey (3.6K tons)
  3. China (1.5K tons)
  4. United Arab Emirates (1.0K tons)
  5. Lebanon (0.6K tons)

Sulphates; of Aluminium Exports in Iraq

In 2022, the amount of sulphates; of aluminia exported from Iraq fell significantly to 69 tons, waning by -38.9% against 2021 figures. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 350% against the previous year. As a result, the exports attained the peak of 113 tons, and then contracted notably in the following year.

In value terms, sulphates; of aluminium exports declined rapidly to $14K in 2022. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 456% against the previous year. As a result, the exports reached the peak of $24K, and then declined remarkably in the following year.

Export of Sulphates; of Aluminium in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey23.64.223.613.9-16.2%
OthersN/AN/AN/AN/A0%
Total23.64.223.613.9-16.2%

Top Export Markets for Sulphates; of Aluminium from Iraq in 2022:

  1. Turkey (68.8 tons)

Source: IndexBox Market Intelligence Platform

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