Iraq: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Iraq

In 2022, the Iraqi cast iron household articles market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption recorded a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from Iraq

In 2022, the amount of table, kitchen or household articles of cast iron exported from Iraq rose sharply to X kg, picking up by X% on the previous year. In general, exports, however, continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cast iron household articles exports rose sharply to $X in 2022. Overall, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for cast iron household articles exports from Iraq, with a X% share of total exports. Moreover, cast iron household articles exports to the Netherlands exceeded the volume sent to the second major destination, Iran (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) remains the key foreign market for table, kitchen or household articles of cast iron exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iran (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average cast iron household articles export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated moderate 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. Based on 2022 figures, cast iron household articles export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into Iraq

In 2022, purchases abroad of table, kitchen or household articles of cast iron was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cast iron household articles imports expanded to $X in 2022. Overall, imports showed strong growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Iran (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of cast iron household articles imports to Iraq, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Iran ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to Iraq, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and China (X% per year).

Import Prices by Country

The average cast iron household articles import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, import price indicated strong 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. Based on 2022 figures, cast iron household articles import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 Platform

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