Iraq: Market for Frozen Vegetables other than Potato and Corn 2022

Market Size for Frozen Vegetables other than Potato and Corn in Iraq

In 2021, the Iraqi market for frozen vegetables other than potato and corn was finally on the rise to reach $X after four years of decline. Overall, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Iraq

In 2021, shipments abroad of frozen vegetables other than potato and corn decreased by -X% to X tons for the first time since 2014, thus ending a six-year rising trend. Over the period under review, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, exports of frozen vegetables other than potato and corn dropped to $X in 2021. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020, and then fell in the following year.

Exports by Country

Turkey (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Iraq, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +X%.

In value terms, Turkey ($X) also remains the key foreign market for frozen vegetables other than potato and corn exports from Iraq.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +X%.

Export Prices by Country

In 2021, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -X% per year.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Iraq

In 2021, after four years of decline, there was growth in supplies from abroad of frozen vegetables other than potato and corn, when their volume increased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, imports of frozen vegetables other than potato and corn expanded slightly to $X in 2021. In general, total imports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Egypt (X tons) and India (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Iraq, with a combined X% share of total imports. These countries were followed by China, Italy, Jordan and Serbia, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Jordan ($X) were the largest frozen vegetables other than potato and corn suppliers to Iraq, with a combined X% share of total imports.

Among the main suppliers, Jordan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, 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 import price for frozen vegetables other than potato and corn amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform