Price for Wadding; Other Articles Thereof, of Cotton in Iraq - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Iraq (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Iraq (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Cotton in Iraq
- Exports of Wadding; Other Articles Thereof, of Cotton in Iraq
Price for Wadding; Other Articles Thereof, of Cotton in Iraq (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $6,702 per ton, surging by 28% against the previous year. Overall, the import price showed a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 78%. As a result, import price reached the peak level of $7,665 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($7,721 per ton), while the price for Turkey ($1,733 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Wadding; Other Articles Thereof, of Cotton in Iraq (FOB) - 2022
In 2022, the average export price for wadding; other articles thereof, of cotta amounted to $6,899 per ton, growing by 3.5% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for wadding; other articles thereof, of cotta increased by +75.7% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 36% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Turkey.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +4.9% per year.
Imports of Wadding; Other Articles Thereof, of Cotton in Iraq
In 2022, supplies from abroad of wadding; other articles thereof, of cotta decreased by -13.4% to 640 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 106% against the previous year. As a result, imports reached the peak of 1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of wadding; other articles thereof, of cotta expanded markedly to $4.3M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 266% against the previous year. As a result, imports reached the peak of $7.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Wadding; Other Articles Thereof, of Cotton in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 3.5 | 2.6 | 4.0 | 45.4% |
| Turkey | 0.5 | 0.6 | 0.8 | 0.2 | -26.3% |
| United Arab Emirates | 0.2 | 0.4 | 0.4 | 0.1 | -20.6% |
| Others | 0.1 | 3.2 | 0.1 | N/A | 0.0% |
| Total | 2.1 | 7.7 | 3.9 | 4.3 | 27.0% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Iraq in 2022:
- China (516.8 tons)
- Turkey (99.5 tons)
- United Arab Emirates (15.7 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Iraq
For the third consecutive year, Iraq recorded decline in overseas shipments of wadding; other articles thereof, of cotta, which decreased by -16.2% to 387 kg in 2022. In general, exports saw a abrupt downturn.
In value terms, exports of wadding; other articles thereof, of cotta declined to $2.7K in 2022. Over the period under review, exports faced a abrupt slump.
| Export of Wadding; Other Articles Thereof, of Cotton in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.1 | 3.6 | 3.1 | 2.7 | -13.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.1 | 3.6 | 3.1 | 2.7 | -13.0% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Iraq in 2022:
- Turkey (387.0 kg)
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