Non-Liquid Margarine Price in Iraq - 2022

Contents:

1. Non-Liquid Margarine Price in Iraq (CIF) - 2022
2. Non-Liquid Margarine Price in Iraq (FOB) - 2022
3. Non-Liquid Margarine Imports in Iraq
4. Non-Liquid Margarine Exports in Iraq

Non-Liquid Margarine Price in Iraq (CIF) - 2022

In 2022, the average non-liquid margarine import price amounted to $1,000 per ton, reducing by -12.7% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of 36%. Over the period under review, average import prices attained the peak figure at $1,389 per ton in 2012; however, from 2013 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 Turkey ($1,039 per ton), while the price for Iran amounted to $603 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-2.9%), while the prices for the other major suppliers experienced a decline.

Non-Liquid Margarine Price in Iraq (FOB) - 2022

The average non-liquid margarine export price stood at $1,768 per ton in 2022, shrinking by -12.4% against the previous year. Over the period under review, the export price recorded a slight decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $2,018 per ton, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -1.0% per year.

Non-Liquid Margarine Imports in Iraq

In 2022, the amount of non-liquid margarine imported into Iraq reduced to 15K tons, with a decrease of -3.3% on the year before. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2021 when imports increased by 7%.

In value terms, non-liquid margarine imports reduced markedly to $15M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of $18M, and then declined notably in the following year.

Top Suppliers of Non-Liquid Margarine to Iraq in 2022:

1. Turkey (12.8K tons)
2. Iran (1.4K tons)

Non-Liquid Margarine Exports in Iraq

In 2022, approx. 19 tons of non-liquid margarine were exported from Iraq; falling by -26.3% compared with 2021 figures. Overall, exports recorded a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 111%. As a result, the exports attained the peak of 26 tons, and then reduced rapidly in the following year.

In value terms, non-liquid margarine exports contracted rapidly to $33K in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 243% against the previous year. As a result, the exports reached the peak of $52K, and then dropped sharply in the following year.

Top Export Markets for Non-Liquid Margarine from Iraq in 2022:

1. Turkey (18.8 tons)

Source: IndexBox Market Intelligence Platform