Iraq: Canned Meat Market 2024

Canned Meat Market Size in Iraq

The Iraqi canned meat market fell modestly to $X in 2023, reducing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Canned meat consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Canned Meat Production in Iraq

In value terms, canned meat production dropped modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

Canned Meat Exports

Exports from Iraq

In 2023, approx. X tons of canned meat were exported from Iraq; declining by X% against the previous year's figure. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, canned meat exports dropped significantly to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for canned meat exports from Iraq, with a X% share of total exports. It was followed by Bahrain (X kg), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Turkey amounted to X%.

In value terms, Turkey ($X) remains the key foreign market for canned meat exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Turkey amounted to X%.

Export Prices by Country

In 2023, the average canned meat export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 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 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Turkey totaled $X per ton.

From 2012 to 2023, 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 mixed trend patterns.

Canned Meat Imports

Imports into Iraq

In 2023, supplies from abroad of canned meat decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a noticeable shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, canned meat imports fell to $X in 2023. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Brazil (X tons) were the main suppliers of canned meat imports to Iraq, together comprising X% of total imports. Saudi Arabia, Iran, Lebanon and Jordan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned meat suppliers to Iraq were Turkey ($X), the United Arab Emirates ($X) and Jordan ($X), together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average canned meat import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform