Price for Brass Tubes and Pipes in Iraq - 2022
Contents:
Price for Brass Tubes and Pipes in Iraq (CIF) - 2022
The average brass tubes and pipes import price stood at $11,194 per ton in 2022, increasing by 16% against the previous year. Over the period under review, the import price showed a slight increase. The pace of growth appeared the most rapid in 2017 an increase of 52%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($12,598 per ton) and the United Arab Emirates ($12,465 per ton), while the price for Turkey ($9,483 per ton) and China ($9,627 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Brass Tubes and Pipes in Iraq
In 2022, overseas purchases of tubes and pipes of copper-zinc base alloys (brass) decreased by -86.6% to 21 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. As a result, imports reached the peak of 159 tons, and then reduced remarkably in the following year.
In value terms, brass tubes and pipes imports declined notably to $238K in 2022. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 97% against the previous year. As a result, imports attained the peak of $1.5M, and then dropped dramatically in the following year.
| Import of Brass Tubes and Pipes in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 49.4 | 29.9 | 40.6 | 116 | 32.9% |
| Turkey | 33.1 | 51.4 | 95.6 | 86.2 | 37.6% |
| Germany | 429 | 407 | 500 | 35.2 | -56.5% |
| China | 24.2 | 74.8 | 9.2 | 1.1 | -64.3% |
| Russia | N/A | 136 | 885 | N/A | 550.7% |
| United Kingdom | N/A | 81.7 | N/A | N/A | 0% |
| India | 214 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 5.1 | N/A | 0% |
| Total | 750 | 781 | 1,536 | 238 | -31.8% |
Top Suppliers of Brass Tubes and Pipes to Iraq in 2022:
- United Arab Emirates (9.3 tons)
- Turkey (9.1 tons)
- Germany (2.8 tons)
- China (0.1 tons)
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This report provides an in-depth analysis of the market for copper tube and pipe in Iraq.
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