Iraq: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Iraq

After three years of growth, the Iraqi market for plastic hoses and hose fittings decreased by X% to $X in 2022. Overall, the total consumption indicated a mild expansion 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 increased by X% against 2018 indices. Plastic hose and hose fitting consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Iraq

In 2022, overseas shipments of plastic hoses and hose fittings increased by X% to X tons, rising for the second year in a row after five years of decline. In general, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports shrank to $X in 2022. Over the period under review, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for plastic hose and hose fitting exports from Iraq, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey was relatively modest.

In value terms, Turkey ($X) also remains the key foreign market for plastic hoses and hose fittings exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%.

Export Prices by Country

The average export price for plastic hoses and hose fittings stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, export price indicated perceptible growth from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2021, and then reduced dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Imports of Plastic Hoses and Hose Fittings

Imports into Iraq

In 2022, after four years of growth, there was significant decline in supplies from abroad of plastic hoses and hose fittings, when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank in the following year.

In value terms, plastic hose and hose fitting imports fell to $X in 2022. In general, total imports indicated a slight expansion 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of plastic hose and hose fitting to Iraq, with a X% share of total imports. Moreover, plastic hose and hose fitting imports from Iran exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by Jordan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Jordan (X% per year).

In value terms, the largest plastic hose and hose fitting suppliers to Iraq were Iran ($X), China ($X) and Turkey ($X), together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastic hoses and hose fittings amounted to $X per ton, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Egypt ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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