Iraq: Bread And Bakery Market 2024

Bread And Bakery Market Size in Iraq

The Iraqi bread and bakery market dropped modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Bread and bakery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bread And Bakery Production in Iraq

In value terms, bread and bakery production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. Bread and bakery production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports from Iraq

In 2022, bread and bakery exports from Iraq dropped dramatically to X tons, which is down by X% against the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, bread and bakery exports contracted to $X in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for bread and bakery exports from Iraq, accounting for a X% share of total exports. Moreover, bread and bakery exports to Turkey exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with a X% share.

From 2012 to 2022, 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: Australia (X.5% per year) and the United Arab Emirates (X% per year).

In value terms, Turkey ($X), the United Arab Emirates ($X) and Australia ($X) appeared to be the largest markets for bread and bakery exported from Iraq worldwide, with a combined X% share of total exports.

Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bread and bakery export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a notable expansion 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. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Australia ($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 Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bread And Bakery Imports

Imports into Iraq

After seven years of growth, overseas purchases of bread and bakery decreased by X% to X tons in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced modestly in the following year.

In value terms, bread and bakery imports amounted to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value 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, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of bread and bakery to Iraq, with a X% share of total imports. Moreover, bread and bakery imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), more than tenfold. The third position in this ranking was taken by Syrian Arab Republic (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: Iran (X% per year) and Syrian Arab Republic (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of bread and bakery to Iraq, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the average bread and bakery import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 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 Jordan ($X per ton), while the price for Syrian Arab Republic ($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 mixed trend patterns.

Source: IndexBox Platform

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