Price for Knitted or Crocheted Pile Fabrics in Iraq - 2022

Contents:

  1. Price for Knitted or Crocheted Pile Fabrics in Iraq (CIF) - 2022
  2. Price for Knitted or Crocheted Pile Fabrics in Iraq (FOB) - 2022
  3. Imports of Knitted or Crocheted Pile Fabrics in Iraq
  4. Exports of Knitted or Crocheted Pile Fabrics in Iraq

Price for Knitted or Crocheted Pile Fabrics in Iraq (CIF) - 2022

The average import price for knitted or crocheted pile fabricses stood at $3,361 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 64% against the previous year. Over the period under review, average import prices reached the maximum at $9,276 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($3,886 per ton), while the price for the United Arab Emirates ($3,220 per ton) 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 (-2.1%), while the prices for the other major suppliers experienced a decline.

Price for Knitted or Crocheted Pile Fabrics in Iraq (FOB) - 2022

In 2021, the average export price for knitted or crocheted pile fabricses amounted to $4,116 per ton, declining by -5.4% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 a decrease of -5%. Over the period under review, the average export prices attained the maximum at $11,004 per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Iran.

From 2015 to 2021, the rate of growth in terms of prices for Iran amounted to -5.2% per year.

Imports of Knitted or Crocheted Pile Fabrics in Iraq

In 2022, after three years of growth, there was significant decline in purchases abroad of knitted or crocheted pile fabricses, when their volume decreased by -8.7% to 10K tons. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% 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 +57.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 42% against the previous year.

In value terms, knitted or crocheted pile fabrics imports reduced to $35M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $39M, and then fell in the following year.

Import of Knitted or Crocheted Pile Fabrics in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China24.829.033.829.76.2%
United Arab Emirates0.51.33.34.2103.3%
Turkey0.60.60.90.810.1%
Others0.40.80.60.40.0%
Total26.431.838.635.210.1%

Top Suppliers of Knitted or Crocheted Pile Fabrics to Iraq in 2022:

  1. China (8.8K tons)
  2. United Arab Emirates (1.3K tons)
  3. Turkey (0.2K tons)

Exports of Knitted or Crocheted Pile Fabrics in Iraq

In 2022, after three years of growth, there was significant decline in shipments abroad of knitted or crocheted pile fabricses, when their volume decreased by -8.4% to 230 kg. The total export volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 251 kg, and then declined in the following year.

In value terms, knitted or crocheted pile fabrics exports shrank to $971 in 2022. The total export value increased at an average annual rate of +6.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 14%. As a result, the exports attained the peak of $1K, and then shrank in the following year.

Export of Knitted or Crocheted Pile Fabrics in Iraq (USD)
COUNTRY201920202021CAGR,
2019-2021
Iran801N/A1,03313.6%
OthersN/A909N/A0%
Total8019091,03313.6%

Top Export Markets for Knitted or Crocheted Pile Fabrics from Iraq in 2022:

  1. Iran (251.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Fabrics; pile fabrics, including "long pile" fabrics and terry fabrics, knitted or crocheted - Iraq