Iraq: Paddy Rice Market 2024

Paddy Rice Market Size in Iraq

The Iraqi paddy rice market shrank modestly to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate slight growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Paddy Rice Production in Iraq

In value terms, paddy rice production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a slight increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Paddy rice production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of paddy rice in Iraq expanded to X tons per ha in 2022, growing by X% compared with the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by X%. The paddy rice yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of paddy rice were harvested in Iraq; picking up by X% compared with the year before. Over the period under review, the harvested area continues to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The paddy rice harvested area peaked at X ha in 2019; however, from 2020 to 2022, the harvested area stood at a somewhat lower figure.

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Paddy Rice Exports

Exports from Iraq

Paddy rice exports from Iraq skyrocketed to X tons in 2022, jumping by X% against 2021. Over the period under review, exports recorded a significant increase. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, paddy rice exports surged to $X in 2022. In general, exports saw a significant increase. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for paddy rice exports from Iraq, with a X% share of total exports. Moreover, paddy rice exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled X%.

In value terms, the UK ($X) remains the key foreign market for paddy rice exports from Iraq, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the UK amounted to X%.

Export Prices by Country

The average paddy rice export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price recorded a remarkable increase. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Paddy Rice Imports

Imports into Iraq

In 2022, after two years of growth, there was significant decline in purchases abroad of paddy rice, when their volume decreased by X% to X tons. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, paddy rice imports dropped to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Kazakhstan (X tons) and the United Arab Emirates (X tons) were the main suppliers of paddy rice imports to Iraq, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Russia ($X) and Kazakhstan ($X) constituted the largest paddy rice suppliers to Iraq, together accounting for X% of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of 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

The average paddy rice import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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