Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq - 2022

Contents:

1. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq (CIF) - 2022
2. Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq (FOB) - 2022
3. Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq
4. Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq (CIF) - 2022

In 2022, the average import price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $7.2 per pair, rising by 33% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($7.7 per pair), while the price for the United Arab Emirates ($5 per pair) 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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq (FOB) - 2022

In 2022, the average export price for gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber amounted to $23 per pair, falling by -1.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 13%. Over the period under review, the average export prices attained the peak figure at $28 per pair in 2018; however, from 2019 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 Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +0.5% per year.

Imports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq

In 2022, supplies from abroad of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber decreased by -14.1% to 1.6M pairs for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 73% against the previous year. Over the period under review, imports of hit record highs at 1.9M pairs in 2021, and then shrank in the following year.

In value terms, imports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber totaled $12M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +27.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber to Iraq in 2022:

1. China (1417.7K pairs)
2. United Arab Emirates (133.9K pairs)
3. Turkey (39.0K pairs)

Exports of Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber in Iraq

In 2022, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber from Iraq amounted to 1.2K pairs, with an increase of 3% compared with 2021. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 3.4%. The exports peaked at 2.3K pairs in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of gloves; knitted or crocheted, impregnated, coated or covered with plastics or rubber reached $28K in 2022. Over the period under review, exports, however, saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 1.3%. The exports peaked at $57K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Gloves; Knitted or Crocheted, Impregnated, Coated or Covered with Plastics or Rubber from Iraq in 2022:

1. Georgia (1.2K pairs)

Source: IndexBox Market Intelligence Platform