Tufted Textile Fabric Market Overview in Iraq
In value terms, tufted textile fabric production dropped to $ in 2019 estimated in export prices. Over the period under review, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2011 when the production volume increased by % year-to-year. As a result, production attained the peak level of $. From 2012 to 2019, production growth failed to regain the momentum.
The size of the tufted textile fabric market in Iraq contracted to $ in 2019, falling by -% 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 recorded a drastic downturn. The growth pace was the most rapid in 2008 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2009 to 2019, the growth of the market failed to regain the momentum.