Price for Woven Fabrics of Artificial Staple Fibres in Iraq - 2022
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Iraq (CIF) - 2022
- Imports of Woven Fabrics of Artificial Staple Fibres in Iraq
Price for Woven Fabrics of Artificial Staple Fibres in Iraq (CIF) - 2022
The average import price for woven fabrics of artificial staple fibres stood at $5.5 per square meter in 2022, dropping by -1.9% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for woven fabrics of artificial staple fibres increased by +2.0% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 77%. Over the period under review, average import prices hit record highs at $9.3 per square meter in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5.8 per square meter), while the price for the United Arab Emirates ($4.9 per square meter) 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 (+5.7%), while the prices for the other major suppliers experienced a decline.
Imports of Woven Fabrics of Artificial Staple Fibres in Iraq
In 2022, imports of woven fabrics of artificial staple fibres into Iraq reached 20M square meters, stabilizing at the previous year. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. As a result, imports attained the peak of 20M square meters. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of woven fabrics of artificial staple fibres contracted slightly to $113M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 7.4% against the previous year. Over the period under review, imports of hit record highs at $114M in 2021, and then shrank modestly in the following year.
| Import of Woven Fabrics of Artificial Staple Fibres in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.7 | 96.0 | 88.6 | 88.2 | -1.3% |
| United Arab Emirates | 1.3 | 8.9 | 21.1 | 20.4 | 150.4% |
| Turkey | 9.9 | 5.5 | 4.0 | 3.5 | -29.3% |
| Others | 0.5 | 0.6 | 0.6 | 0.6 | 6.3% |
| Total | 103 | 111 | 114 | 113 | 3.1% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Iraq in 2022:
- China (15.3M square meters)
- United Arab Emirates (4.2M square meters)
- Turkey (0.7M square meters)
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