Iraq: Footwear Market 2024

Footwear Market Size in Iraq

After three years of growth, the Iraqi footwear market decreased by X% to $X in 2022. In general, consumption, however, continues to indicate a buoyant expansion. Footwear consumption peaked at $X in 2021, and then dropped in the following year.

Footwear Production in Iraq

In value terms, footwear production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Footwear Exports

Exports from Iraq

In 2022, approx. X pairs of footwear were exported from Iraq; shrinking by X% compared with the previous year. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X pairs in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, footwear exports dropped rapidly to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X pairs) was the main destination for footwear exports from Iraq, accounting for a X% share of total exports. Moreover, footwear exports to Turkey exceeded the volume sent to the second major destination, Lebanon (X pairs), threefold.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for footwear exported from Iraq were Lebanon ($X), the Netherlands ($X) and Turkey ($X), together accounting for X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average footwear export price stood at $X per pair in 2022, surging by X% against the previous year. In general, the export price, however, showed a noticeable contraction. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per pair in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lebanon ($X per pair), while the average price for exports to Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Footwear Imports

Imports into Iraq

After two years of growth, overseas purchases of footwear decreased by X% to X pairs in 2022. Over the period under review, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X pairs in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, footwear imports declined to $X in 2022. Overall, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

China (X pairs), Turkey (X pairs) and Iran (X pairs) were the main suppliers of footwear imports to Iraq, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of footwear to Iraq, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Iran (X% per year).

Import Prices by Country

In 2022, the average footwear import price amounted to $X per pair, jumping by X% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, footwear import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per pair in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Iran ($X per pair), while the price for Turkey ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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