Price for Zinc; Plates, Sheets, Strip and Foil in Iraq - 2022

Price for Zinc; Plates, Sheets, Strip and Foil in Iraq (CIF) - 2022

The average import price for zinc; plates, sheets, strip and foils stood at $2,206 per ton in 2022, rising by 47% against the previous year. Overall, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2015 when the average import price increased by 159% against the previous year. As a result, import price reached the peak level of $5,594 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, 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 -1.6% per year.

Imports of Zinc; Plates, Sheets, Strip and Foil in Iraq

In 2022, imports of zinc; plates, sheets, strip and foils into Iraq soared to 580 tons, growing by 425% against the previous year's figure. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 2,827% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of zinc; plates, sheets, strip and foils skyrocketed to $1.3M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.