Iraq: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2022

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in Iraq

The Iraqi silicon-electrical steel flat-rolled product market skyrocketed to $X in 2021, growing by X% 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). Over the period under review, consumption continues to indicate a prominent increase. Silicon-electrical steel flat-rolled product consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from Iraq

In 2021, the amount of flat-rolled products of silicon-electrical steel exported from Iraq was estimated at less than X kg, remaining constant against the previous year's figure. In general, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product exports stood at less than $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for silicon-electrical steel flat-rolled product exports from Iraq, accounting for a approx. X% share of total exports.

From 2012 to 2012, the average annual growth rate of volume to India was relatively modest.

From 2012 to 2012, the average annual growth rate of value to India was relatively modest.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into Iraq

Silicon-electrical steel flat-rolled product imports into Iraq soared to X tons in 2021, picking up by X% compared with the year before. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of silicon-electrical steel flat-rolled product to Iraq, accounting for a X% share of total imports. Moreover, silicon-electrical steel flat-rolled product imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (+X% per year).

In value terms, Poland ($X) constituted the largest supplier of silicon-electrical steel flat-rolled product to Iraq, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and China (-X% per year).

Import Prices by Country

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. In general, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform