Report Update Nov 1, 2024

Iraq - Butter and Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Butter And Dairy Spreads 2024

Market Size for Butter And Dairy Spreads in Iraq

The Iraqi butter and dairy spreads market skyrocketed to $X in 2022, increasing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a buoyant expansion. Butter and dairy spreads consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Butter And Dairy Spreads

Exports from Iraq

In 2022, approx. X tons of butter and dairy spreads were exported from Iraq; picking up by 12% against the year before. Over the period under review, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by 79%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, butter and dairy spreads exports expanded notably to $X in 2022. In general, exports posted resilient growth. The growth pace was the most rapid in 2018 with an increase of 57% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for butter and dairy spreads exports from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to +18.0%.

In value terms, Turkey ($X) also remains the key foreign market for butter and dairy spreads exports from Iraq.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +19.8%.

Export Prices by Country

In 2022, the average butter and dairy spreads export price amounted to $X per ton, rising by 2.3% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads export price decreased by -1.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 30%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +1.6% per year.

Imports of Butter And Dairy Spreads

Imports into Iraq

Butter and dairy spreads imports into Iraq soared to X tons in 2022, with an increase of 16% on 2021 figures. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 88%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, butter and dairy spreads imports skyrocketed to $X in 2022. In general, imports recorded a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 79% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), Iran (X tons) and the United Arab Emirates (X tons) were the main suppliers of butter and dairy spreads imports to Iraq, with a combined 46% share of total imports. Saudi Arabia, the Netherlands, Kuwait, the UK, Turkey and France lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +38.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest butter and dairy spreads suppliers to Iraq were Denmark ($X), Iran ($X) and Saudi Arabia ($X), together comprising 46% of total imports. The Netherlands, the United Arab Emirates, Kuwait, France, Turkey and the UK lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +51.7%, saw the highest growth rate of the value of imports, 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 butter and dairy spreads import price amounted to $X per ton, growing by 1.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2016 when the average import price increased by 28%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter and dairy spreads in the world?

The countries with the highest volumes of butter and dairy spreads consumption in 2020 were India, the United States and Pakistan, together accounting for 34% of global consumption. These countries were followed by Germany, France, Russia, Turkey, New Zealand, Iran, the UK, China, Canada and Egypt, which together accounted for a further 37%.

What are the largest producers of butter and dairy spreads in the world?

The countries with the highest volumes of butter and dairy spreads production in 2020 were India, the United States and Pakistan, with a combined 34% share of global production. These countries were followed by New Zealand, Germany, France, Ireland, Turkey, Russia, Iran, Poland, the UK and the Netherlands, which together accounted for a further 38%.

What are the leading suppliers of butter and dairy spreads to Iraq?

In value terms, the largest butter and dairy spreads suppliers to Iraq were Denmark, Iran and Turkey, together comprising 80% of total imports.

What are the leading importers of butter and dairy spreads from Iraq?

In value terms, the Netherlands emerged as the key foreign market for butter and dairy spreads exports from Iraq, comprising 97% of total exports. The second position in the ranking was occupied by Turkey, with a 2.8% share of total exports.

What is the average export price for butter and dairy spreads in Iraq?

In 2020, the average butter and dairy spreads export price amounted to $5,571 per ton, surging by 30% against the previous year.

What is the average import price for butter and dairy spreads in Iraq?

In 2020, the average butter and dairy spreads import price amounted to $5,559 per ton, declining by -6.8% against the previous year.

This report provides an in-depth analysis of the market for butter and dairy spreads in Iraq. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 983 - Butter and Ghee of Sheep Milk
FCL 1022 - Butter of Goat Milk
FCL 952 - Butter of Buffalo Milk
FCL 886 - Butter of Cow Milk

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023