Iraq: Overview of the Market for Sheep And Goat Meat 2019

Market Size for Sheep And Goat Meat in Iraq

The revenue of the sheep and goat meat market in Iraq amounted to $X in 2018, surging by X% against the previous year. In general, the total market indicated a buoyant expansion from 2007 to 2018: its value 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 2018 figures, sheep and goat meat consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. In that year, the sheep and goat meat market attained its peak level of $X. From 2015 to 2018, the growth of the sheep and goat meat market failed to regain its momentum.

Production of Sheep And Goat Meat in Iraq

In value terms, sheep and goat meat production totaled $X in 2018 estimated in export prices. Overall, sheep and goat meat production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. In that year, sheep and goat meat production attained its peak level of $X. From 2015 to 2018, sheep and goat meat production growth remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from Iraq

In 2018, approx. X kg of sheep and goat meat were exported from Iraq; standing approx. at the previous year. Over the period under review, sheep and goat meat exports continue to indicate a relatively flat trend pattern. Over the period under review, sheep and goat meat exports reached their peak figure at X tonnes in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, sheep and goat meat exports totaled $X in 2018. Over the period under review, sheep and goat meat exports continue to indicate a relatively flat trend pattern. Exports peaked at $X in 2014; however, from 2015 to 2018, exports stood at a somewhat lower figure.

Imports of Sheep And Goat Meat

Imports into Iraq

In 2018, approx. X tonnes of sheep and goat meat were imported into Iraq; going down by -X% against the previous year. Over the period under review, sheep and goat meat imports continue to indicate a deep deduction. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, sheep and goat meat imports attained their maximum at X tonnes in 2009; however, from 2010 to 2018, imports stood at a somewhat lower figure.

In value terms, sheep and goat meat imports stood at $X in 2018. Over the period under review, sheep and goat meat imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, sheep and goat meat imports reached their maximum at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

Tanzania (X tonnes), China (X tonnes) and Australia (X tonnes) were the main suppliers of sheep and goat meat imports to Iraq, with a combined X% share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Tanzania, while the other leaders experienced more modest paces of growth.

In value terms, the largest sheep and goat meat suppliers to Iraq were Tanzania ($X), Australia ($X) and China ($X), together accounting for X% of total imports.

Tanzania recorded the highest growth rate of imports, in terms of the main suppliers over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average sheep and goat meat import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price indicated a resilient increase from 2007 to 2018: its price 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 2018 figures, sheep and goat meat import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Kuwait ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Kuwait, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform