Iraq: Knotted Carpet Market 2024

Knotted Carpet Market Size in Iraq

After two years of growth, the Iraqi knotted carpet market decreased by -33.4% to $X in 2022. In general, consumption recorded a deep downturn. Knotted carpet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Knotted Carpet Production in Iraq

In value terms, knotted carpet production declined modestly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.2% against the previous year. Knotted carpet production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Knotted Carpet Exports

Exports from Iraq

In 2022, the amount of knotted carpets and other knotted textile floor coverings exported from Iraq shrank to X square meters, remaining constant against the previous year's figure. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of 67%. The exports peaked at X square meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, knotted carpet exports totaled $X in 2022. In general, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 66%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Jordan (X square meters) was the main destination for knotted carpet exports from Iraq, accounting for a 85% share of total exports. Moreover, knotted carpet exports to Jordan exceeded the volume sent to the second major destination, Canada (X square meters), more than tenfold. The United States (X square meters) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan totaled -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+57.1% per year) and the United States (-1.8% per year).

In value terms, Jordan ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from Iraq, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 2.9% share of total exports. It was followed by the United States, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Jordan stood at -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+49.0% per year) and the United States (-16.8% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, with an increase of 2.3% against the previous year. In general, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per square meter), while the average price for exports to Germany ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+16.5%), while the prices for the other major destinations experienced a decline.

Knotted Carpet Imports

Imports into Iraq

In 2022, after two years of growth, there was significant decline in overseas purchases of knotted carpets and other knotted textile floor coverings, when their volume decreased by -50.6% to X square meters. Over the period under review, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 100%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, knotted carpet imports shrank dramatically to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 142% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X square meters) constituted the largest knotted carpet supplier to Iraq, accounting for a 57% share of total imports. Moreover, knotted carpet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X square meters), threefold. The third position in this ranking was taken by Egypt (X square meters), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-24.1% per year) and Egypt (-25.5% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Iraq, comprising 28% of total imports. The second position in the ranking was held by Egypt ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-22.2% per year) and China (+26.5% per year).

Import Prices by Country

In 2022, the average knotted carpet import price amounted to $X per square meter, with an increase of 43% against the previous year. Over the period under review, the import price, however, showed a slight setback. The pace of growth appeared the most rapid in 2014 an increase of 72% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2015 to 2022, the average 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 the United Arab Emirates ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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