Report Update Apr 1, 2024

Iraq - Ethylene Glycol (Ethanediol) - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Ethylene Glycol Market 2024

Ethylene Glycol Market Size in Iraq

The Iraqi ethylene glycol market fell slightly to $X in 2022, declining by -2.8% against the previous year. Overall, consumption continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when the market value increased by 5.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ethylene Glycol Production in Iraq

In value terms, ethylene glycol production dropped to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 6.4%. Ethylene glycol production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Ethylene Glycol Exports

Exports from Iraq

In 2022, the amount of ethylene glycol (ethanediol) exported from Iraq reduced to X tons, declining by -10.7% compared with 2021 figures. Overall, exports saw a deep contraction. Over the period under review, the exports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, ethylene glycol exports dropped slightly to $X in 2022. In general, exports saw a pronounced slump. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

India (X tons) was the main destination for ethylene glycol exports from Iraq, accounting for a approx. 100% share of total exports.

From 2021 to 2022, the average annual growth rate of volume to India was relatively modest.

In value terms, India ($X) emerged as the key foreign market for ethylene glycol (ethanediol) exports from Iraq.

From 2021 to 2022, the average annual rate of growth in terms of value to India was relatively modest.

Export Prices by Country

In 2022, the average ethylene glycol export price amounted to $X per ton, rising by 8.3% against the previous year. Over the last one years, it increased at an average annual rate of +8.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2021 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Ethylene Glycol Imports

Imports into Iraq

Ethylene glycol imports into Iraq contracted remarkably to X tons in 2022, shrinking by -21.4% against the previous year. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 127%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ethylene glycol imports amounted to $X in 2022. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when imports increased by 124%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main suppliers of ethylene glycol imports to Iraq, together accounting for 86% of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene glycol suppliers to Iraq were Saudi Arabia ($X), the United Arab Emirates ($X) and India ($X), with a combined 74% share of total imports.

Saudi Arabia, with a CAGR of +5.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ethylene glycol import price stood at $X per ton in 2022, with an increase of 30% against the previous year. In general, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.9%), while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for ethylene glycol (ethanediol) in the world?

The country with the largest volume of ethylene glycol consumption was China, comprising approx. 24% of total volume. Moreover, ethylene glycol consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by Saudi Arabia, with an 8.8% share.

What are the largest producers of ethylene glycol (ethanediol) in the world?

The countries with the highest volumes of production in 2022 were the United States, Saudi Arabia and Canada, together accounting for 35% of global production.

What are the leading suppliers of ethylene glycol (ethanediol) to Iraq?

In value terms, Saudi Arabia, the United Arab Emirates and India constituted the largest ethylene glycol suppliers to Iraq, with a combined 74% share of total imports.

What are the leading importers of ethylene glycol (ethanediol) from Iraq?

In value terms, India emerged as the key foreign market for ethylene glycol ethanediol) exports from Iraq.

What is the average export price for ethylene glycol (ethanediol) in Iraq?

In 2022, the average ethylene glycol export price amounted to $441 per ton, increasing by 8.3% against the previous year.

What is the average import price for ethylene glycol (ethanediol) in Iraq?

The average ethylene glycol import price stood at $724 per ton in 2022, picking up by 30% against the previous year.

This report provides an in-depth analysis of the ethylene glycol market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20142310 - Ethylene glycol (ethanediol)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023