Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iraq - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $1,448 per ton in 2022, which is down by -19.4% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 92%. As a result, import price attained the peak level of $1,941 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($24,521 per ton), while the price for Tunisia ($624 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,157 per ton in 2022, surging by 12% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; mixtures of 2 or more products of the same heading increased by +77.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58%. Over the period under review, the average export prices hit record highs at $2,256 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,992 per ton), while the average price for exports to Iran ($896 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 the United States (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq
Imports of spices; mixtures of 2 or more products of the same heading into Iraq surged to 3.3K tons in 2022, rising by 38% on the previous year's figure. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading expanded rapidly to $4.8M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 629 | 904 | 1,024 | 1,208 | 24.3% |
| Turkey | 632 | 862 | 687 | 965 | 15.2% |
| United Arab Emirates | 631 | 609 | 842 | 860 | 10.9% |
| Jordan | 177 | 409 | 381 | 282 | 16.8% |
| Pakistan | 74.2 | 22.3 | 132 | 161 | 29.5% |
| Iran | 45.1 | 62.4 | 64.3 | 65.7 | 13.4% |
| Tunisia | N/A | N/A | N/A | 62.0 | 0% |
| Indonesia | 43.3 | 31.8 | 82.7 | 41.5 | -1.4% |
| Others | 716 | 652 | 1,092 | 1,144 | 16.9% |
| Total | 2,948 | 3,553 | 4,305 | 4,789 | 17.6% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Iraq in 2022:
- India (1741.1 tons)
- United Arab Emirates (580.7 tons)
- Turkey (380.6 tons)
- Pakistan (159.3 tons)
- Tunisia (99.4 tons)
- Jordan (79.1 tons)
- Iran (56.7 tons)
- Indonesia (42.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq
In 2022, the amount of spices; mixtures of 2 or more products of the same heading exported from Iraq shrank significantly to 53 tons, reducing by -89% on 2021 figures. Over the period under review, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. As a result, the exports reached the peak of 476 tons, and then fell remarkably in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading shrank sharply to $113K in 2022. In general, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2021 when exports increased by 129%. As a result, the exports reached the peak of $914K, and then declined significantly in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 441 | 195 | 474 | 82.7 | -42.8% |
| Iran | 34.7 | 41.0 | 74.9 | 13.1 | -27.7% |
| United Kingdom | 3.0 | 28.9 | 18.1 | 5.1 | 19.3% |
| United States | 30.0 | 26.8 | 48.4 | 3.3 | -52.1% |
| Germany | 12.2 | 30.2 | 30.5 | 2.4 | -41.8% |
| Sweden | 9.5 | 44.7 | 112 | N/A | 243.4% |
| Others | 42.2 | 32.7 | 157 | 6.7 | -45.9% |
| Total | 572 | 399 | 914 | 113 | -41.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Iraq in 2022:
- Turkey (34.0 tons)
- Iran (14.6 tons)
- Germany (1.2 tons)
- United Kingdom (0.9 tons)
- United States (0.6 tons)
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