Iraq: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Iraq

In 2022, the Iraqi market for polyethylene with a specific gravity of less than X, in primary forms increased by X% to $X, rising for the third consecutive year after two years of decline. In general, consumption saw a significant increase. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Iraq

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Production of peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Iraq

In 2022, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms expanded rapidly to $X in 2022. Overall, exports saw measured growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons) was the main destination for exports of polyethylene with a specific gravity of less than X, in primary forms from Iraq, with a X% share of total exports. Moreover, exports of polyethylene with a specific gravity of less than X, in primary forms to Turkey exceeded the volume sent to the second major destination, India (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Iraq were Turkey ($X) and India ($X).

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average export price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, remaining constant against the previous year. Overall, the export price showed a noticeable decline. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Iraq

In 2022, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports of reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms amounted to $X in 2022. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of polyethylene with a specific gravity of less than X to Iraq, accounting for a X% share of total imports. Moreover, imports of polyethylene with a specific gravity of less than X, in primary forms from Iran exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was taken by Jordan (X tons), with a X% share.

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

In value terms, Iran ($X) constituted the largest supplier of polyethylene with a specific gravity of less than X, in primary forms to Iraq, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

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

Import Prices by Country

In 2022, the average import price for polyethylene with a specific gravity of less than X, in primary forms amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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