Price for Spices; Ginger, Crushed or Ground in Iraq - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Iraq (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Iraq (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Iraq
- Exports of Spices; Ginger, Crushed or Ground in Iraq
Price for Spices; Ginger, Crushed or Ground in Iraq (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $1,817 per ton, increasing by 9.1% against the previous year. Overall, the import price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 29%. The import price peaked at $5,685 per ton in 2012; however, from 2013 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 Turkey ($6,353 per ton), while the price for China ($836 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Iraq (FOB) - 2022
Iraq has no trade partners to describe.
Imports of Spices; Ginger, Crushed or Ground in Iraq
In 2022, purchases abroad of spices; ginger, crushed or ground decreased by -49.2% to 63 tons, falling for the second year in a row after two years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 168%. As a result, imports attained the peak of 216 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; ginger, crushed or ground imports shrank dramatically to $115K in 2022. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 132%. As a result, imports reached the peak of $367K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 49.6 | 131 | 63.7 | 33.3 | -12.4% |
| Turkey | 74.4 | 163 | 55.6 | 30.5 | -25.7% |
| India | 17.2 | 41.8 | 52.4 | 27.4 | 16.8% |
| Iran | 5.7 | 4.8 | 1.9 | 1.0 | -44.0% |
| Others | 11.9 | 27.3 | 34.3 | 23.0 | 24.6% |
| Total | 159 | 367 | 208 | 115 | -10.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Iraq in 2022:
- China (39.8 tons)
- India (16.1 tons)
- Turkey (4.8 tons)
- Iran (0.8 tons)
Exports of Spices; Ginger, Crushed or Ground in Iraq
In 2021, the amount of spices; ginger, crushed or ground exported from Iraq amounted to 163 kg, approximately equating 2020 figures. Over the period under review, exports recorded a sharp shrinkage. The smallest decline of 99.9% was in 2020.
In value terms, spices; ginger, crushed or ground exports amounted to $576 in 2021. In general, exports continue to indicate a precipitous descent. The smallest decline of 99.9% was in 2020.
| Export of Spices; Ginger, Crushed or Ground in Iraq (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | 927 | N/A | N/A | 0% | |
| Turkey | 223 | N/A | N/A | 0% | |
| Others | N/A | N/A | 576 | 0% | |
| Total | 1,150 | N/A | 576 | -29.2% | |
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