Price for Metals; Platinum, Unwrought or in Powder Form in Iraq - 2022

Price for Metals; Platinum, Unwrought or in Powder Form in Iraq (CIF) - 2022

The average import price for metals; platinum, unwrought or in powder forms stood at $31,057,841 per ton in 2022, declining by -11.8% against the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 16%. Over the period under review, average import prices attained the peak figure at $38,548,040 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -1.5% per year.

Imports of Metals; Platinum, Unwrought or in Powder Form in Iraq

In 2022, imports of metals; platinum, unwrought or in powder forms into Iraq rose remarkably to 370 kg, growing by 12% against the year before. Overall, imports recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 387% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of metals; platinum, unwrought or in powder forms declined modestly to $11M in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 448% against the previous year. As a result, imports attained the peak of $12M, and then declined modestly in the following year.