Report Iraq - Spices - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Iraq - Spices - Market Analysis, Forecast, Size, Trends and Insights
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Iraq: Spice Market 2022

Spice Market Size in Iraq

In 2021, the Iraqi spice market decreased by -X% to $X for the first time since 2011, thus ending a nine-year rising trend. In general, consumption, however, showed significant growth. Spice consumption peaked at $X in 2020, and then contracted in the following year.

Spice Exports

Exports from Iraq

In 2021, overseas shipments of spices were finally on the rise to reach X tons after two years of decline. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, spice exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for spice exports from Iraq, with a X% share of total exports. Moreover, spice exports to Turkey exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold. Sweden (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Sweden (+X% per year).

In value terms, Turkey ($X) remains the key foreign market for spice exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the average spice export price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($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 Sweden (+X%), while the prices for the other major destinations experienced a decline.

Spice Imports

Imports into Iraq

After seven years of growth, overseas purchases of spices decreased by -X% to X tons in 2021. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, spice imports dropped to $X in 2021. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020, and then dropped in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest spice supplier to Iraq, accounting for a X% share of total imports. Moreover, spice imports from India exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was taken by China (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and China (+X% per year).

In value terms, India ($X), the United Arab Emirates ($X) and Indonesia ($X) constituted the largest spice suppliers to Iraq, together accounting for X% of total imports. These countries were followed by Vietnam, China, Turkey and Mexico, which together accounted for a further X terms of the main suppliers, Mexico, with a CAGR of +X%, saw 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 spice import price amounted to $X per ton, increasing by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for spices in the world?
+
The country with the largest volume of spice consumption was India, comprising approx. 36% of total volume. Moreover, spice consumption in India exceeded the figures recorded by the second-largest consumer, China, sevenfold. Nigeria ranked third in terms of total consumption with a 4.8% share.
What are the largest producers of spices in the world?
+
India remains the largest spice producing country worldwide, comprising approx. 43% of total volume. Moreover, spice production in India exceeded the figures recorded by the second-largest producer, China, fivefold. Nigeria ranked third in terms of total production with a 5% share.
What are the leading suppliers of spices to Iraq?
+
In value terms, India, the United Arab Emirates and Indonesia were the largest spice suppliers to Iraq, with a combined 65% share of total imports. These countries were followed by Vietnam, China, Turkey and Mexico, which together accounted for a further 25%.
What are the leading importers of spices from Iraq?
+
In value terms, Turkey remains the key foreign market for spice exports from Iraq, comprising 63% of total exports. The second position in the ranking was held by Sweden, with an 11% share of total exports. It was followed by Germany, with an 8.4% share.
What is the average export price for spices in Iraq?
+
In 2021, the average spice export price amounted to $1,342 per ton, declining by -41.7% against the previous year.
What is the average import price for spices in Iraq?
+
The average spice import price stood at $2,014 per ton in 2021, picking up by 2.4% against the previous year.

This report provides an in-depth analysis of the spice market in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 687 - Pepper
• FCL 689 - Pimento
• FCL 692 - Vanilla
• FCL 693 - Cinnamon (canella)
• FCL 698 - Cloves
• FCL 702 - Nutmeg, mace, cardamoms
• FCL 711 - Anise, badian, fennel
• FCL 720 - Ginger
• FCL 723 - Spices nes
Country coverage:
• Iraq

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Iraq
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2021
Figure 22:
Production, In Value Terms, 2012–2021
Figure 23:
Area Harvested, 2012–2021
Figure 24:
Yield, 2012–2021
Figure 25:
Imports, In Physical Terms, 2012–2021
Figure 26:
Imports, In Value Terms, 2012–2021
Figure 27:
Imports, In Physical Terms, By Country, 2021
Figure 28:
Imports, In Physical Terms, By Country, 2012–2021
Figure 29:
Imports, In Value Terms, By Country, 2012–2021
Figure 30:
Import Prices, By Country Of Origin, 2012–2021
Figure 31:
Exports, In Physical Terms, 2012–2021
Figure 32:
Exports, In Value Terms, 2012–2021
Figure 33:
Exports, In Physical Terms, By Country, 2021
Figure 34:
Exports, In Physical Terms, By Country, 2012–2021
Figure 35:
Exports, In Value Terms, By Country, 2012–2021
Figure 36:
Export Prices, By Country Of Destination, 2012–2021
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