Iraq: Container Market 2024

Container Market Size in Iraq

The Iraqi container market surged to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, faced a deep setback. Container consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Container Exports

Exports from Iraq

Container exports from Iraq reduced markedly to X units in 2023, with a decrease of X% on 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2022, and then plummeted in the following year.

In value terms, container exports shrank dramatically to $X in 2023. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2022, and then plummeted in the following year.

Exports by Country

Kazakhstan (X units), Georgia (X units) and Turkey (X units) were the main destinations of container exports from Iraq, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Kazakhstan ($X), Georgia ($X) and Turkey ($X) constituted the largest markets for container exported from Iraq worldwide, with a combined X% share of total exports.

Among the main countries of destination, Georgia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average container export price amounted to $X per unit, almost unchanged from the previous year. In general, export price indicated a resilient increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, container export price increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked at $X per unit in 2022, and then contracted slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Container Imports

Imports into Iraq

In 2023, imports of tanks, casks, drums, cans, boxes and similar containers into Iraq surged to X units, growing by X% compared with the previous year. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, container imports soared to $X in 2023. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Iran (X units), Turkey (X units) and Jordan (X units) were the main suppliers of container imports to Iraq, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest container suppliers to Iraq were Turkey ($X), Iran ($X) and Jordan ($X), together accounting for X% of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average container import price amounted to $X per unit, waning by X% against the previous year. In general, import price indicated a notable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, container import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked at $X per unit in 2022, and then declined notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Jordan ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform