Iraq: Market for Activated Natural Mineral Products 2022

Market Size for Activated Natural Mineral Products in Iraq

The Iraqi activated natural mineral products market dropped sharply to $X in 2021, which is down by -16.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Imports of Activated Natural Mineral Products

Imports into Iraq

In 2021, activated natural mineral products imports into Iraq reduced notably to X tons, which is down by -15.2% compared with the previous year's figure. In general, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, activated natural mineral products imports reduced sharply to $X in 2021. Over the period under review, imports faced a deep downturn. The growth pace was the most rapid in 2020 with an increase of 49%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of activated natural mineral products imports to Iraq, with a combined 91% share of total imports. Germany, Serbia and Belgium lagged somewhat behind, together comprising a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, the largest activated natural mineral products suppliers to Iraq were Italy ($X), Turkey ($X) and Spain ($X), together accounting for 81% of total imports. These countries were followed by Germany, Serbia and Belgium, which together accounted for a further 17%.

In terms of the main suppliers, Serbia, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average activated natural mineral products import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price showed a slight reduction. The growth pace was the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+95.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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