Iraq: Bread And Bakery Market 2024

Bread And Bakery Market Size in Iraq

The Iraqi bread and bakery market expanded markedly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Bread and bakery consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Bread And Bakery Production in Iraq

In value terms, bread and bakery production stood at $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Bread and bakery production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports from Iraq

In 2023, shipments abroad of bread and bakery decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, bread and bakery exports fell notably to $X in 2023. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for bread and bakery exports from Iraq, accounting for a X% share of total exports. Moreover, bread and bakery exports to Turkey exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, Turkey ($X), the United Arab Emirates ($X) and Australia ($X) were the largest markets for bread and bakery exported from Iraq worldwide, with a combined X% share of total exports.

Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Iraq

In 2023, after two years of decline, there was significant growth in purchases abroad of bread and bakery, when their volume increased by X% to X tons. Over the period under review, total imports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, bread and bakery imports rose modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Turkey (X tons) constituted the largest bread and bakery supplier to Iraq, accounting for a X% share of total imports. Moreover, bread and bakery imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), threefold. The third position in this ranking was held by Malaysia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Malaysia (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of bread and bakery to Iraq, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then shrank dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform