Price for Clothing; Parts, Knitted or Crocheted in Iraq - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Iraq (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Iraq (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in Iraq
4. Exports of Clothing; Parts, Knitted or Crocheted in Iraq

Price for Clothing; Parts, Knitted or Crocheted in Iraq (CIF) - 2022

In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $2,584 per ton, shrinking by -31.1% against the previous year. In general, the import price showed a deep slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 70% against the previous year. The import price peaked at $8,410 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($6,029 per ton), while the price for the UK ($751 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.5%), while the prices for the other major suppliers experienced a decline.

Price for Clothing; Parts, Knitted or Crocheted in Iraq (FOB) - 2022

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $26,195 per ton, increasing by 45% against the previous year. Over the period under review, the export price showed a perceptible expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 89%. As a result, the export price attained the peak level of $36,000 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($27,710 per ton), while the average price for exports to the Netherlands amounted to $21,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Clothing; Parts, Knitted or Crocheted in Iraq

After three years of growth, overseas purchases of clothing; parts, knitted or crocheted decreased by -57% to 34 tons in 2022. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 80 tons, and then dropped notably in the following year.

In value terms, clothing; parts, knitted or crocheted imports shrank notably to $89K in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $300K, and then fell dramatically in the following year.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Iraq in 2022:

1. Italy (13.8 tons)
2. Turkey (7.0 tons)
3. United Arab Emirates (5.8 tons)
4. China (4.3 tons)
5. United Kingdom (2.6 tons)
6. Iran (0.5 tons)

Exports of Clothing; Parts, Knitted or Crocheted in Iraq

For the fourth consecutive year, Iraq recorded growth in overseas shipments of clothing; parts, knitted or crocheted, which increased by 356% to 41 kg in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted exports skyrocketed to $1.1K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Iraq in 2022:

1. Sweden (31.0 kg)
2. Netherlands (10.0 kg)

Source: IndexBox Market Intelligence Platform