Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Iraq - 2022

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Iraq (CIF) - 2022
2. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Iraq

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Iraq (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.3 per square meter in 2022, jumping by 40% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $0.6 per square meter in 2018; however, from 2019 to 2022, import prices remained at a 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 Turkey ($0.4 per square meter), while the price for the United Arab Emirates ($0.2 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Iraq

In 2022, the amount of fabrics, woven; from strip or the like, of synthetic textile materialses imported into Iraq fell sharply to 6.3M square meters, reducing by -77.5% compared with the previous year. Over the period under review, imports faced a sharp descent. The growth pace was the most rapid in 2021 with an increase of 445%. As a result, imports attained the peak of 28M square meters, and then reduced rapidly in the following year.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses contracted notably to $1.8M in 2022. In general, imports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 368% against the previous year. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure at $8.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Iraq in 2022:

1. Turkey (3.3M square meters)
2. United Arab Emirates (1.7M square meters)
3. China (1.3M square meters)

Source: IndexBox Market Intelligence Platform