Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq - 2022

Contents:

  1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (CIF) - 2022
  2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (FOB) - 2022
  3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq
  4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (CIF) - 2022

The average import price for tubing; flexible, with or without fittings, of base metals stood at $5,937 per ton in 2022, jumping by 20% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for tubing; flexible, with or without fittings, of base metals increased by +74.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 46% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 ($8,529 per ton), while the price for Iran ($2,251 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (FOB) - 2022

In 2022, the average export price for tubing; flexible, with or without fittings, of base metals amounted to $3,116 per ton, surging by 3.7% against the previous year. In general, the export price, however, saw a precipitous decrease. The growth pace was the most rapid in 2020 when the average export price increased by 20% against the previous year. The export price peaked at $26,037 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Iran.

From 2015 to 2022, the rate of growth in terms of prices for Iran amounted to +0.0% per year.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq

In 2022, overseas purchases of tubing; flexible, with or without fittings, of base metals decreased by -33.9% to 963 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, imports attained the peak of 2.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tubing; flexible, with or without fittings, of base metals shrank rapidly to $5.7M in 2022. Over the period under review, imports recorded a abrupt decrease. The smallest decline of -3% was in 2021.

Import of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China3,1733,7483,6202,786-4.2%
Turkey64162576094413.8%
United Arab Emirates1,2051,028587694-16.8%
Spain842803772468-17.8%
South Korea11382.134.372.6-13.7%
Iran17.542.940.336.627.9%
Others1,8821,1221,417716-27.5%
Total7,8737,4527,2315,718-10.1%

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Iraq in 2022:

  1. China (562.8 tons)
  2. Turkey (159.4 tons)
  3. United Arab Emirates (96.6 tons)
  4. Spain (83.4 tons)
  5. South Korea (19.1 tons)
  6. Iran (16.3 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq

In 2022, exports of tubing; flexible, with or without fittings, of base metals from Iraq skyrocketed to 23 tons, increasing by 83% compared with 2021. Over the period under review, exports continue to indicate a modest increase.

In value terms, exports of tubing; flexible, with or without fittings, of base metals skyrocketed to $73K in 2022. Overall, exports enjoyed a slight increase.

Export of Tubing; Flexible, with or Without Fittings, of Base Metal in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran69.611137.872.91.6%
OthersN/AN/A0.6N/A0%
Total69.611138.472.91.6%

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Iraq in 2022:

  1. Iran (23.4 tons)

Source: IndexBox Market Intelligence Platform

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