Iraq: Tomato Ketchup Market 2024

Tomato Ketchup Market Size in Iraq

After five years of decline, the Iraqi tomato ketchup market increased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Tomato Ketchup Production in Iraq

In value terms, tomato ketchup production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible slump. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Tomato Ketchup Exports

Exports from Iraq

In 2022, tomato ketchup exports from Iraq soared to X tons, jumping by X% against the previous year. Overall, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tomato ketchup exports soared to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of tomato ketchup exports from Iraq, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X.5%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X.4% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the average tomato ketchup export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

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

Tomato Ketchup Imports

Imports into Iraq

In 2022, imports of tomato ketchup and tomato sauces into Iraq skyrocketed to X tons, with an increase of X% compared with the year before. Over the period under review, imports recorded a prominent increase. 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 reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tomato ketchup imports soared to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Iran (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of tomato ketchup imports to Iraq, with a combined X% share of total imports. Turkey, the United States and Jordan lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest tomato ketchup suppliers to Iraq were Iran ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Turkey, Jordan and the United States lagged somewhat behind, together accounting for a further X%.

The United States, with a CAGR of X%, saw the highest growth rate of 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 2022, the average tomato ketchup import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tomato ketchup import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Jordan ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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