Iraq: Dry Bean Market 2024

Dry Bean Market Size in Iraq

The Iraqi dry bean market skyrocketed to $X in 2023, growing by X% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Dry Bean Production in Iraq

In value terms, dry bean production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Dry bean production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

The average yield of beans (dry) in Iraq totaled X tons per ha in 2023, with an increase of X% compared with the previous year's figure. In general, the yield, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2014 when the yield increased by X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2023, the growth of the average dry bean yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of beans (dry) were harvested in Iraq; growing by X% on 2022 figures. Overall, the harvested area, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to dry bean production attained the maximum at X ha in 2013; however, from 2014 to 2023, the harvested area remained at a lower figure.

Dry Bean Exports

Exports from Iraq

In 2023, after two years of decline, there was significant growth in overseas shipments of beans (dry), when their volume increased by X% to X tons. In general, exports saw a mild increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, dry bean exports skyrocketed to $X in 2023. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for dry bean exports from Iraq, with a X% share of total exports. Moreover, dry bean exports to the United Arab Emirates exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume to the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for beans (dry) exports from Iraq, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2023, the average dry bean export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Dry Bean Imports

Imports into Iraq

In 2023, approx. X tons of beans (dry) were imported into Iraq; rising by X% compared with 2022. In general, imports showed buoyant growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, dry bean imports skyrocketed to $X in 2023. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Turkey (X tons) constituted the largest dry bean supplier to Iraq, with a X% share of total imports. Moreover, dry bean imports from Turkey exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fourfold. Madagascar (X tons) ranked third in terms of total imports 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: Egypt (X% per year) and Madagascar (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of beans (dry) to Iraq, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with a X% share of total imports. It was followed by Madagascar, with a X% share.

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

Import Prices by Country

In 2023, the average dry bean import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform