Iraq - Crude Petroleum Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Oil Price in Iraq - 2022
Contents:
- Crude Oil Price in Iraq (FOB) - 2022
- Crude Oil Price in Iraq (CIF) - 2022
- Crude Oil Exports in Iraq
- Crude Oil Imports in Iraq
Crude Oil Price in Iraq (FOB) - 2022
The average crude oil export price stood at $399 per ton in 2022, declining by -16.8% against the previous year. In general, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 53% against the previous year. The export price peaked at $787 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($449 per ton) and China ($419 per ton), while the average price for exports to the United States ($346 per ton) and Greece ($396 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-2.2%), while the prices for the other major destinations experienced a decline.
Crude Oil Price in Iraq (CIF) - 2022
In 2022, the average crude oil import price amounted to $1,919 per ton, with an increase of 178% against the previous year. Over the period under review, the import price, however, showed a perceptible decline. Over the period under review, average import prices hit record highs at $3,052 per ton in 2014; however, from 2015 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 Lebanon ($2,225 per ton), while the price for the United Arab Emirates stood at $1,022 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+17.3%), while the prices for the other major suppliers experienced a decline.
Crude Oil Exports in Iraq
After two years of decline, shipments abroad of crude petroleum oil increased by 0.2% to 160M tons in 2022. In general, exports, however, continue to indicate a perceptible downturn.
In value terms, crude oil exports dropped markedly to $63.7B in 2022. Over the period under review, exports, however, showed a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 50%.
| Export of Crude Oil in Iraq (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.6 | 18.8 | 25.9 | 20.3 | -4.9% |
| India | 21.4 | 14.5 | 24.5 | 19.3 | -3.4% |
| South Korea | 7.5 | 3.4 | 3.9 | 4.4 | -16.3% |
| United States | 7.0 | 3.2 | 3.7 | 4.1 | -16.3% |
| Greece | 5.0 | 2.2 | 4.8 | 3.6 | -10.4% |
| Italy | 5.3 | 2.5 | 3.9 | 2.8 | -19.2% |
| Netherlands | 2.3 | 0.7 | 0.5 | 2.0 | -4.6% |
| Spain | 2.1 | 1.0 | 1.8 | 1.8 | -5.0% |
| Others | 8.8 | 4.6 | 7.5 | 5.3 | -15.6% |
| Total | 83.0 | 51.0 | 76.5 | 63.7 | -8.4% |
Top Export Markets for Crude Oil from Iraq in 2022:
- China (48.5M tons)
- India (47.8M tons)
- United States (11.9M tons)
- South Korea (10.9M tons)
- Greece (9.2M tons)
- Italy (6.2M tons)
- Netherlands (5.1M tons)
- Spain (4.6M tons)
Crude Oil Imports in Iraq
In 2022, after three years of growth, there was significant decline in supplies from abroad of crude petroleum oil, when their volume decreased by -69.3% to 65 tons. In general, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2020 when imports increased by 100%.
In value terms, crude oil imports reduced to $125K in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 73% against the previous year.
| Import of Crude Oil in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lebanon | 20.4 | 49.2 | 26.8 | 108 | 74.3% |
| United Arab Emirates | 39.3 | 53.9 | 8.1 | 16.9 | -24.5% |
| Iran | N/A | N/A | 92.8 | N/A | 0% |
| Others | N/A | N/A | 18.8 | N/A | 0% |
| Total | 59.7 | 103 | 146 | 125 | 27.9% |
Top Suppliers of Crude Oil to Iraq in 2022:
- Lebanon (48.5 tons)
- United Arab Emirates (16.5 tons)
This report provides an in-depth analysis of the crude oil market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Iraq
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Iraq
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the crude oil market in Iraq.
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This report provides an in-depth analysis of the market for crude oil and processed petroleum in Iraq.
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This report provides an in-depth analysis of the global crude oil market.
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This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
285
This report provides an in-depth analysis of the crude oil market in Iraq.
96
This report provides an in-depth analysis of the market for crude oil and processed petroleum in Iraq.
409
This report provides an in-depth analysis of the global crude oil market.
134
This report provides an in-depth analysis of the global market for crude oil and processed petroleum.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
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Explore the top import markets for crude oil and examine key statistics related to their import value. China, the United States, and India lead the pack.
