Iraq: Market for Frozen Fish And Seafood 2022

Market Size for Frozen Fish And Seafood in Iraq

In 2021, the Iraqi frozen fish and seafood market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Frozen Fish And Seafood in Iraq

In value terms, frozen fish and seafood production reached $X in 2021 estimated in export price. Over the period under review, production, however, showed strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Iraq

Frozen fish and seafood exports from Iraq dropped rapidly to X tons in 2021, shrinking by -X% against 2020. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports declined notably to $X in 2021. Overall, exports, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped notably in the following year.

Exports by Country

Brazil (X tons) was the main destination for frozen fish and seafood exports from Iraq, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to Brazil exceeded the volume sent to the second major destination, Argentina (X kg), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Ukraine (X% per year).

In value terms, Brazil ($X) remains the key foreign market for frozen fish and seafood exports from Iraq, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2021, the average frozen fish and seafood export price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced slightly in the following year.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Brazil ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Iraq

After two years of decline, supplies from abroad of frozen fish and seafood increased by X% to X tons in 2021. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports surged to $X in 2021. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X tons), Vietnam (X tons) and the Netherlands (X tons) were the main suppliers of frozen fish and seafood imports to Iraq, together comprising X% of total imports. Pakistan, Myanmar, Thailand and South Africa lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the Netherlands ($X) and Vietnam ($X) appeared to be the largest frozen fish and seafood suppliers to Iraq, with a combined X% share of total imports. These countries were followed by South Africa, Pakistan, Myanmar and Thailand, which together accounted for a further X Africa, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen fish and seafood import price amounted to $X per ton, rising by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform