Price for Textiles; Worn Clothing and Other Worn Articles in Iraq - 2022
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Iraq (CIF) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Iraq (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Iraq
- Exports of Textiles; Worn Clothing and Other Worn Articles in Iraq
Price for Textiles; Worn Clothing and Other Worn Articles in Iraq (CIF) - 2022
The average import price for textiles; worn clothing and other worn articleses stood at $1,212 per ton in 2022, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2020 an increase of 30%. The import price peaked at $1,229 per ton in 2013; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,253 per ton), while the price for Turkey ($621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Iraq (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,306 per ton, declining by -4% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 145%. Over the period under review, the average export prices hit record highs at $2,616 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,329 per ton), while the average price for exports to the United Arab Emirates ($351 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.2%), while the prices for the other major destinations experienced a decline.
Imports of Textiles; Worn Clothing and Other Worn Articles in Iraq
For the fourth year in a row, Iraq recorded growth in purchases abroad of textiles; worn clothing and other worn articleses, which increased by 26% to 61K tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of textiles; worn clothing and other worn articleses soared to $74M in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 10.8 | 16.1 | 31.7 | 96.2% |
| United Arab Emirates | 2.5 | 3.2 | 5.0 | 10.2 | 59.8% |
| Turkey | 2.1 | 4.4 | 6.1 | 9.8 | 67.1% |
| South Korea | 9.7 | 10.3 | 5.2 | 8.2 | -5.4% |
| Germany | 5.5 | 4.3 | 4.5 | 3.7 | -12.4% |
| Netherlands | 2.5 | 2.3 | 3.7 | 2.5 | 0.0% |
| United Kingdom | 0.3 | 0.9 | 1.4 | 2.4 | 100.0% |
| Others | 3.5 | 4.0 | 4.7 | 5.3 | 14.8% |
| Total | 30.4 | 40.0 | 46.7 | 73.8 | 34.4% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Iraq in 2022:
- Turkey (15.8K tons)
- China (14.1K tons)
- United Arab Emirates (10.5K tons)
- South Korea (7.5K tons)
- Germany (4.7K tons)
- Netherlands (1.6K tons)
- United Kingdom (1.5K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Iraq
After three years of growth, shipments abroad of textiles; worn clothing and other worn articleses decreased by -34.2% to 425 tons in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 146%. As a result, the exports attained the peak of 646 tons, and then reduced rapidly in the following year.
In value terms, exports of textiles; worn clothing and other worn articleses contracted dramatically to $555K in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 186% against the previous year.
| Export of Textiles; Worn Clothing and Other Worn Articles in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 27.4 | 139 | 605 | 452 | 154.6% |
| Germany | 1.0 | 40.8 | 8.0 | 34.6 | 225.9% |
| Turkey | 13.6 | 13.6 | 4.6 | 15.0 | 3.3% |
| United Arab Emirates | 29.0 | N/A | 81.4 | 0.1 | -84.9% |
| Georgia | 31.6 | 210 | 103 | N/A | 80.5% |
| Others | 54.7 | 46.6 | 77.2 | 52.6 | -1.3% |
| Total | 157 | 450 | 879 | 555 | 52.3% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Iraq in 2022:
- Netherlands (340.5 tons)
- Turkey (38.0 tons)
- Germany (36.9 tons)
- United Arab Emirates (0.2 tons)
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