Iraq: Market for Silk Shawls And Scarves 2022

Market Size for Silk Shawls And Scarves in Iraq

In 2021, the Iraqi silk shawl and scarf market increased by less than X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption posted a slight increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Production of Silk Shawls And Scarves in Iraq

In value terms, silk shawl and scarf production rose remarkably to $X in 2021 estimated in export price. In general, production continues to indicate strong growth. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Silk Shawls And Scarves

Exports from Iraq

In 2021, approx. less than X units of silk shawls and scarves were exported from Iraq; approximately mirroring the previous year. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, silk shawl and scarf exports stood at less than $X in 2021. In general, exports faced a sharp reduction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for silk shawl and scarf exports from Iraq, with a X% share of total exports. Moreover, silk shawl and scarf exports to Canada exceeded the volume sent to the second major destination, Austria (X units), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Canada was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Austria was relatively modest.

Export Prices by Country

The average silk shawl and scarf export price stood at $X per unit in 2019, approximately mirroring the previous year. Over the period under review, the export price saw a sharp descent. As a result, the export price attained the peak level of $X per unit. From 2015 to 2019, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2019, the rate of growth in terms of prices for Austria amounted to X% per year.

Imports of Silk Shawls And Scarves

Imports into Iraq

In 2021, overseas purchases of silk shawls and scarves decreased by -X% to X units, falling for the third year in a row after two years of growth. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, silk shawl and scarf imports surged to $X in 2021. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X units), India (X units) and the United Arab Emirates (X units) were the main suppliers of silk shawl and scarf imports to Iraq, together comprising X% of total imports. China and Italy lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Italy ($X) and China ($X) constituted the largest silk shawl and scarf suppliers to Iraq, together comprising X% of total imports.

In terms of the main suppliers, China, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average silk shawl and scarf import price stood at $X per unit in 2021, increasing by X% against the previous year. Over the period under review, the import price posted measured growth. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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