Price for Cereal Groats; Meal and Pellets in Iraq - 2022

Contents:

1. Price for Cereal Groats; Meal and Pellets in Iraq (CIF) - 2022
2. Price for Cereal Groats; Meal and Pellets in Iraq (FOB) - 2022
3. Imports of Cereal Groats; Meal and Pellets in Iraq
4. Exports of Cereal Groats; Meal and Pellets in Iraq

Price for Cereal Groats; Meal and Pellets in Iraq (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $461 per ton in 2022, with an increase of 34% against the previous year. Overall, the import price, however, saw a mild contraction. Over the period under review, average import prices hit record highs at $515 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 Kuwait ($892 per ton), while the price for Iran ($250 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats; Meal and Pellets in Iraq (FOB) - 2022

In 2022, the average export price for cereal groats; meal and pelletses amounted to $443 per ton, declining by -40.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 61%. The export price peaked at $749 per ton in 2021, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,440 per ton), while the average price for exports to Turkey stood at $371 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.1%).

Imports of Cereal Groats; Meal and Pellets in Iraq

In 2022, after two years of decline, there was significant growth in supplies from abroad of cereal groats; meal and pelletses, when their volume increased by 15% to 45K tons. Overall, imports, however, showed a relatively flat trend pattern.

In value terms, cereal groats; meal and pellets imports skyrocketed to $21M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Iraq in 2022:

1. Turkey (34.8K tons)
2. Kuwait (5.9K tons)
3. Iran (3.2K tons)
4. India (1.1K tons)

Exports of Cereal Groats; Meal and Pellets in Iraq

In 2022, shipments abroad of cereal groats; meal and pelletses was finally on the rise to reach 118 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a sharp decline.

In value terms, cereal groats; meal and pellets exports soared to $52K in 2022. In general, exports, however, showed a precipitous slump.

Top Export Markets for Cereal Groats; Meal and Pellets from Iraq in 2022:

1. Turkey (110.2 tons)
2. United States (8.0 tons)

Source: IndexBox Market Intelligence Platform