Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $1,709 per ton in 2022, falling by -15.3% against the previous year. In general, the import price, however, showed modest growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 44% against the previous year. The import price peaked at $3,319 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($4,479 per ton), while the price for Iran ($450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $413 per ton in 2022, falling by -24.2% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 89%. Over the period under review, the average export prices attained the peak figure at $7,809 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 -15.6% per year.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq
For the fourth year in a row, Iraq recorded growth in overseas purchases of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which increased by 110% to 13K tons in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) surged to $22M in 2022. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.1 | 0.8 | 3.6 | 6.6 | 46.5% |
| China | 2.2 | 3.0 | 2.8 | 6.5 | 43.5% |
| Turkey | 1.4 | 1.6 | 2.2 | 2.4 | 19.7% |
| Malaysia | N/A | N/A | N/A | 1.7 | 0% |
| Iran | 1.1 | 0.8 | 0.7 | 0.8 | -10.1% |
| Kuwait | 1.2 | 0.3 | 0.8 | 0.8 | -12.6% |
| Saudi Arabia | 0.9 | 0.1 | 0.1 | 0.3 | -30.7% |
| Others | 2.9 | 1.7 | 2.2 | 2.8 | -1.2% |
| Total | 11.8 | 8.2 | 12.3 | 22.0 | 23.1% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Iraq in 2022:
- China (4.1K tons)
- United Arab Emirates (2.9K tons)
- Turkey (1.9K tons)
- Iran (1.8K tons)
- Malaysia (0.9K tons)
- Kuwait (0.6K tons)
- Saudi Arabia (0.2K tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq
For the fourth consecutive year, Iraq recorded growth in shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which increased by 18% to 1.7 tons in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) fell to $713 in 2022. Over the period under review, exports, however, recorded a abrupt setback.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 994 | 890 | 796 | 713 | -10.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 994 | 890 | 796 | 713 | -10.5% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Iraq in 2022:
- Turkey (1.7 tons)
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