Price for Mineral Substances Not Elsewhere Specified or Included in Iraq - 2022
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Iraq (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Iraq (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Iraq
- Exports of Mineral Substances Not Elsewhere Specified or Included in Iraq
Price for Mineral Substances Not Elsewhere Specified or Included in Iraq (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $98 per ton, jumping by 19% against the previous year. Over the period under review, the import price showed a modest expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 61%. The import price peaked at $205 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Jordan ($895 per ton), while the price for Iran ($23 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Mineral Substances Not Elsewhere Specified or Included in Iraq (FOB) - 2022
The average export price for mineral substances not elsewhere specified or includeds stood at $228 per ton in 2022, declining by -1.8% against the previous year. Overall, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices reached the peak figure at $896 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($10,738 per ton), while the average price for exports to Turkey ($148 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 Spain (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Iraq
Imports of mineral substances not elsewhere specified or includeds into Iraq skyrocketed to 59K tons in 2022, picking up by 17% compared with the year before. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. As a result, imports reached the peak of 76K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of mineral substances not elsewhere specified or includeds surged to $5.8M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of $7.4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Mineral Substances Not Elsewhere Specified or Included in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 376 | 542 | 671 | 3,608 | 112.5% |
| Iran | 907 | 1,442 | 937 | 699 | -8.3% |
| United Arab Emirates | 484 | 741 | 428 | 268 | -17.9% |
| Jordan | 1,925 | 2,087 | 240 | 267 | -48.2% |
| India | 105 | 216 | 225 | 177 | 19.0% |
| China | 602 | 1,287 | 511 | 115 | -42.4% |
| Others | 400 | 1,108 | 1,130 | 650 | 17.6% |
| Total | 4,799 | 7,423 | 4,143 | 5,783 | 6.4% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Iraq in 2022:
- Iran (29.8K tons)
- Turkey (22.5K tons)
- United Arab Emirates (3.8K tons)
- India (1.0K tons)
- Jordan (0.3K tons)
- China (0.1K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Iraq
In 2022, the amount of mineral substances not elsewhere specified or includeds exported from Iraq fell modestly to 23 tons, with a decrease of -3.3% on the previous year's figure. Over the period under review, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 122%. As a result, the exports attained the peak of 24 tons, and then shrank in the following year.
In value terms, exports of mineral substances not elsewhere specified or includeds fell to $5.2K in 2022. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year.
| Export of Mineral Substances Not Elsewhere Specified or Included in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 5.4 | 2.4 | 3.6 | 3.2 | -16.0% |
| Hungary | 0.6 | 0.2 | 0.5 | 0.6 | 0.0% |
| United Kingdom | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Others | 1.9 | 2.2 | 1.2 | 1.2 | -14.2% |
| Total | 8.2 | 5.0 | 5.5 | 5.2 | -14.1% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Iraq in 2022:
- Turkey (21.5 tons)
- United Kingdom (0.6 tons)
- Hungary (0.6 tons)
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