Price for Track Suits; of Cotton, Knitted or Crocheted in Iraq - 2022

Contents:

  1. Price for Track Suits; of Cotton, Knitted or Crocheted in Iraq (CIF) - 2022
  2. Price for Track Suits; of Cotton, Knitted or Crocheted in Iraq (FOB) - 2022
  3. Imports of Track Suits; of Cotton, Knitted or Crocheted in Iraq
  4. Exports of Track Suits; of Cotton, Knitted or Crocheted in Iraq

Price for Track Suits; of Cotton, Knitted or Crocheted in Iraq (CIF) - 2022

In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $3.6 per unit, picking up by 14% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 23%. The import price peaked at $8.4 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 China ($6.3 per unit), while the price for Turkey amounted to $3.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%).

Price for Track Suits; of Cotton, Knitted or Crocheted in Iraq (FOB) - 2022

The average export price for track suits; of cotton, knitted or crocheted stood at $15 per unit in 2022, increasing by 3.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 143%. As a result, the export price attained the peak level of $19 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($18 per unit), while the average price for exports to the Netherlands ($7.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-1.5%), while the prices for the other major destinations experienced a decline.

Imports of Track Suits; of Cotton, Knitted or Crocheted in Iraq

Imports of track suits; of cotton, knitted or crocheted into Iraq shrank to 2.1M units in 2022, declining by -11.4% compared with the previous year. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. As a result, imports attained the peak of 2.3M units, and then contracted in the following year.

In value terms, imports of track suits; of cotton, knitted or crocheted totaled $7.5M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 4.3% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Import of Track Suits; of Cotton, Knitted or Crocheted in Iraq (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey7.16.67.06.9-0.9%
China0.10.10.10.226.0%
Others0.10.40.40.344.2%
Total7.37.17.47.50.9%

Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Iraq in 2022:

  1. Turkey (1991.5K units)
  2. China (33.4K units)

Exports of Track Suits; of Cotton, Knitted or Crocheted in Iraq

In 2022, exports of track suits; of cotton, knitted or crocheted from Iraq surged to 171 units, jumping by 558% compared with the year before. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,500% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, exports of track suits; of cotton, knitted or crocheted surged to $2.5K in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 3,789% against the previous year. As a result, the exports reached the peak of $3.1K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Track Suits; of Cotton, Knitted or Crocheted in Iraq (USD)
COUNTRY2019202020212022CAGR,
2019-2022
KuwaitN/AN/A1721,881993.6%
Netherlands36.083.0141319106.9%
IcelandN/AN/AN/A2110%
GermanyN/AN/AN/A46.00%
AustraliaN/A2,989N/AN/A0%
Others43.0N/A54.034.0-7.5%
Total79.03,0723672,491215.9%

Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Iraq in 2022:

  1. Kuwait (107.0 units)
  2. Netherlands (43.0 units)
  3. Iceland (13.0 units)
  4. Germany (5.0 units)

Source: IndexBox Market Intelligence Platform

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