Iraq: Walnut Market 2024

Walnut Market Size in Iraq

The Iraqi walnut market rose rapidly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption showed strong growth. Walnut consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Walnut Production in Iraq

In value terms, walnut production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of walnuts in Iraq reduced to X tons per ha in 2022, remaining stable against the year before. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the average walnut yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. 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 walnuts were harvested in Iraq; stabilizing at the previous year's figure. In general, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to walnut production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Walnut Exports

Exports from Iraq

After two years of decline, overseas shipments of walnuts decreased by X% to X tons in 2022. Overall, exports saw a sharp reduction. The smallest decline of X% was in 2020. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, walnut exports amounted to $X in 2022. In general, exports showed a precipitous shrinkage. The smallest decline of X% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Iceland (X tons) was the main destination for walnut exports from Iraq, with a approx. X% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Iceland was relatively modest.

From 2015 to 2022, the average annual growth rate of value to Iceland was relatively modest.

Export Prices by Country

In 2022, the average walnut export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a significant expansion. The growth pace was the most rapid in 2020 a decrease of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2015 to 2022, the rate of growth in terms of prices for Ukraine amounted to X% per year.

Walnut Imports

Imports into Iraq

In 2022, purchases abroad of walnuts increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, walnut imports rose remarkably to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest walnut supplier to Iraq, with a X% share of total imports. Moreover, walnut imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled 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, Turkey ($X) constituted the largest supplier of walnuts to Iraq, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled 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).

Import Prices by Country

The average walnut import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, import price indicated a temperate 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, walnut import price decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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