Price for Cereal Groats and Meal; of Wheat in Iraq - 2022
Contents:
- Price for Cereal Groats and Meal; of Wheat in Iraq (CIF) - 2022
- Price for Cereal Groats and Meal; of Wheat in Iraq (FOB) - 2022
- Imports of Cereal Groats and Meal; of Wheat in Iraq
- Exports of Cereal Groats and Meal; of Wheat in Iraq
Price for Cereal Groats and Meal; of Wheat in Iraq (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $588 per ton, surging by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 when the average import price increased by 39% against the previous year. The import price peaked at $605 per ton in 2014; however, from 2015 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 the United Arab Emirates ($1,339 per ton), while the price for Kuwait ($187 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Iraq (FOB) - 2022
The average export price for cereal groats and meal; of wheats stood at $564 per ton in 2022, falling by -7.5% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $773 per ton. From 2014 to 2022, the average 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 the United States ($1,944 per ton), while the average price for exports to Turkey stood at $456 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.4%).
Imports of Cereal Groats and Meal; of Wheat in Iraq
In 2022, the amount of cereal groats and meal; of wheats imported into Iraq surged to 2.5K tons, growing by 28% compared with the previous year's figure. Over the period under review, imports, however, showed a pronounced decrease.
In value terms, imports of cereal groats and meal; of wheats soared to $1.5M in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.6% against 2020 indices.
| Import of Cereal Groats and Meal; of Wheat in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,062 | 1,493 | 981 | 1,373 | 8.9% |
| United Arab Emirates | 202 | 127 | 24.5 | 58.4 | -33.9% |
| Jordan | 14.3 | 25.4 | 23.0 | 25.7 | 21.6% |
| Kuwait | 41.8 | 38.1 | 25.5 | 21.1 | -20.4% |
| Others | 14.0 | 11.6 | 0.5 | 2.3 | -45.2% |
| Total | 1,333 | 1,695 | 1,055 | 1,481 | 3.6% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Iraq in 2022:
- Turkey (2309.9 tons)
- Kuwait (112.7 tons)
- Jordan (48.8 tons)
- United Arab Emirates (43.7 tons)
Exports of Cereal Groats and Meal; of Wheat in Iraq
In 2022, shipments abroad of cereal groats and meal; of wheats was finally on the rise to reach 80 tons after two years of decline. Overall, exports, however, continue to indicate a perceptible decline.
In value terms, exports of cereal groats and meal; of wheats surged to $45K in 2022. In general, exports, however, showed a relatively flat trend pattern.
| Export of Cereal Groats and Meal; of Wheat in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 41.2 | 18.0 | 9.3 | 34.1 | -6.1% |
| United States | 5.0 | 4.1 | 4.2 | 11.3 | 31.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 46.1 | 22.1 | 13.5 | 45.4 | -0.5% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Iraq in 2022:
- Turkey (74.7 tons)
- United States (5.8 tons)
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