Iraq: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Iraq

The Iraqi bituminous mixtures market dropped modestly to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Bituminous Mixtures Production in Iraq

In value terms, bituminous mixtures production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a measured increase. The growth pace was the most rapid in 2016 with an increase of X%. Bituminous mixtures production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Bituminous Mixtures Exports

Exports from Iraq

In 2022, after four years of growth, there was significant decline in shipments abroad of bituminous mixtures, when their volume decreased by X% to X tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined markedly in the following year.

In value terms, bituminous mixtures exports shrank markedly to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced markedly in the following year.

Exports by Country

China (X tons) was the main destination for bituminous mixtures exports from Iraq, accounting for a X% share of total exports. Moreover, bituminous mixtures exports to China exceeded the volume sent to the second major destination, Kenya (X tons), sixfold. Qatar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Qatar (X% per year).

In value terms, China ($X) remains the key foreign market for bituminous mixtures exports from Iraq, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports. It was followed by Qatar, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average bituminous mixtures export price amounted to $X per ton, remaining stable against the previous year. In general, the export price saw a slight decline. The growth pace was the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bituminous Mixtures Imports

Imports into Iraq

In 2022, supplies from abroad of bituminous mixtures was finally on the rise to reach X tons after three years of decline. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bituminous mixtures imports fell modestly to $X in 2022. Over the period under review, imports posted resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of bituminous mixtures to Iraq, accounting for a X% share of total imports. Moreover, bituminous mixtures imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Kuwait (X tons), ninefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of bituminous mixtures to Iraq, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Turkey (X% per year).

Import Prices by Country

The average bituminous mixtures import price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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