Spices; Mixtures Price in Iraq - 2022
Contents:
- Spices; Mixtures Price in Iraq (CIF) - 2022
- Spices; Mixtures Price in Iraq (FOB) - 2022
- Spices; Mixtures Imports in Iraq
- Spices; Mixtures Exports in Iraq
Spices; Mixtures Price in Iraq (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $2,346 per ton, falling by -8.6% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 39% against the previous year. Over the period under review, average import prices attained the maximum at $3,327 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($3,714 per ton), while the price for Syrian Arab Republic ($106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Iraq (FOB) - 2022
The average spices; mixtures export price stood at $5,156 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $9,842 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($27,708 per ton), while the average price for exports to the UK ($3,854 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 the Netherlands (+42.5%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Mixtures Imports in Iraq
In 2022, the amount of spices; mixtureses imported into Iraq soared to 627 tons, picking up by 30% compared with the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, imports attained the peak of 746 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mixtures imports skyrocketed to $1.5M in 2022. In general, imports, however, recorded a slight setback.
| Import of Spices; Mixtures in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 970 | 904 | 790 | 1,096 | 4.2% |
| Iran | 320 | 136 | 70.2 | 147 | -22.8% |
| United Arab Emirates | 108 | 448 | 166 | 117 | 2.7% |
| Indonesia | 5.8 | 30.8 | 22.1 | 19.9 | 50.8% |
| Syrian Arab Republic | 4.5 | 3.4 | 2.6 | 1.9 | -25.0% |
| Others | 128 | 187 | 184 | 89.8 | -11.1% |
| Total | 1,536 | 1,709 | 1,235 | 1,472 | -1.4% |
Top Suppliers of Spices; Mixtures to Iraq in 2022:
- India (473.4 tons)
- Iran (47.7 tons)
- United Arab Emirates (47.4 tons)
- Syrian Arab Republic (17.8 tons)
- Indonesia (16.6 tons)
Spices; Mixtures Exports in Iraq
Spices; mixtures exports from Iraq fell sharply to 12 tons in 2022, with a decrease of -36.3% against 2021 figures. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 96% against the previous year. As a result, the exports attained the peak of 19 tons, and then fell sharply in the following year.
In value terms, spices; mixtures exports reduced sharply to $63K in 2022. In general, exports, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2021 with an increase of 147% against the previous year. As a result, the exports reached the peak of $90K, and then shrank notably in the following year.
| Export of Spices; Mixtures in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 5.1 | 14.3 | 23.2 | 113.3% |
| Germany | 1.7 | 3.7 | 4.5 | 4.1 | 34.1% |
| Canada | 7.4 | 7.1 | 5.6 | 3.8 | -19.9% |
| Turkey | 1.0 | 0.6 | 2.2 | 2.7 | 39.2% |
| United Kingdom | 21.8 | 11.2 | 18.0 | 2.0 | -54.9% |
| Others | 23.6 | 8.8 | 45.2 | 27.3 | 5.0% |
| Total | 55.4 | 36.3 | 89.7 | 63.0 | 4.4% |
Top Export Markets for Spices; Mixtures from Iraq in 2022:
- Netherlands (4.6 tons)
- Canada (0.6 tons)
- United Kingdom (0.5 tons)
- Germany (0.5 tons)
- Turkey (0.1 tons)
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