Price for Food Preparations Not Elsewhere Specified or Included in Iraq - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Iraq (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Iraq (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Iraq
- Exports of Food Preparations Not Elsewhere Specified or Included in Iraq
Price for Food Preparations Not Elsewhere Specified or Included in Iraq (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $3,652 per ton in 2022, picking up by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2016 an increase of 20%. The import price peaked at $3,963 per ton in 2020; however, from 2021 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 Italy ($6,709 per ton), while the price for India ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Iraq (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $3,153 per ton in 2022, rising by 27% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 77%. The export price peaked at $5,574 per ton in 2012; however, from 2013 to 2022, the 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 Turkey ($4,105 per ton), while the average price for exports to Hungary ($863 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+31.7%), while the prices for the other major destinations experienced a decline.
Imports of Food Preparations Not Elsewhere Specified or Included in Iraq
After three years of growth, overseas purchases of food preparations not elsewhere specified or included decreased by -7.2% to 97K tons in 2022. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports reached the peak of 105K tons, and then declined in the following year.
In value terms, imports of food preparations not elsewhere specified or included reached $354M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports reached the peak of $356M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Food Preparations Not Elsewhere Specified or Included in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 48.7 | 59.4 | 48.5 | 58.0 | 6.0% |
| United Arab Emirates | 31.2 | 22.5 | 17.8 | 29.7 | -1.6% |
| Hungary | 16.8 | 25.3 | 21.9 | 26.2 | 16.0% |
| Germany | 14.9 | 21.6 | 19.5 | 17.2 | 4.9% |
| Poland | 13.0 | 14.0 | 11.9 | 14.0 | 2.5% |
| Singapore | 3.0 | 2.6 | 3.7 | 10.9 | 53.7% |
| Italy | 5.8 | 7.1 | 8.4 | 9.7 | 18.7% |
| Jordan | 10.0 | 10.9 | 8.2 | 7.5 | -9.1% |
| Egypt | 7.6 | 10.7 | 14.1 | 7.1 | -2.2% |
| Netherlands | 11.4 | 9.1 | 7.3 | 6.6 | -16.7% |
| India | 0.9 | 3.1 | 2.0 | 5.9 | 87.2% |
| Denmark | 6.7 | 9.0 | 5.0 | 5.8 | -4.7% |
| Ukraine | 1.1 | 2.8 | 7.3 | 5.4 | 70.0% |
| Others | 139 | 158 | 177 | 150 | 2.6% |
| Total | 310 | 356 | 353 | 354 | 4.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Iraq in 2022:
- Turkey (22.2K tons)
- United Arab Emirates (9.3K tons)
- Hungary (8.6K tons)
- India (4.8K tons)
- Ukraine (3.2K tons)
- Germany (3.2K tons)
- Denmark (2.6K tons)
- Poland (2.2K tons)
- Singapore (1.9K tons)
- Netherlands (1.8K tons)
- Italy (1.4K tons)
- Jordan (1.3K tons)
- Egypt (1.2K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Iraq
After three years of growth, overseas shipments of food preparations not elsewhere specified or included decreased by -17.4% to 174 tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 59% against the previous year.
In value terms, exports of food preparations not elsewhere specified or included totaled $550K in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 153%. As a result, the exports attained the peak of $574K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 87.6 | 261 | 234 | 480 | 76.3% |
| United Arab Emirates | 87.6 | 233 | 76.6 | 27.1 | -32.4% |
| Hungary | N/A | N/A | N/A | 12.7 | 0% |
| Germany | 19.5 | 9.4 | 66.0 | 5.8 | -33.2% |
| Jordan | N/A | N/A | 55.9 | 0.8 | -98.6% |
| Others | 31.9 | 69.6 | 93.8 | 23.7 | -9.4% |
| Total | 227 | 574 | 526 | 550 | 34.3% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Iraq in 2022:
- Turkey (116.9 tons)
- Hungary (14.7 tons)
- United Arab Emirates (11.4 tons)
- Germany (4.2 tons)
- Jordan (0.6 tons)
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