Iraq: Cheese And Curd Market 2024

Cheese And Curd Market Size in Iraq

In 2022, the Iraqi cheese and curd market increased by 0.3% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -32.1% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Iraq

In value terms, cheese and curd production shrank to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Cheese And Curd Exports

Exports from Iraq

Cheese and curd exports from Iraq expanded notably to X tons in 2022, surging by 12% compared with the year before. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 139% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, cheese and curd exports expanded markedly to $X in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 102%. 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 cheese and curd exports from Iraq, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +22.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +24.4%.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 +1.4% per year.

Cheese And Curd Imports

Imports into Iraq

In 2022, after three years of decline, there was growth in supplies from abroad of cheese and curd, when their volume increased by 3.9% to X tons. Over the period under review, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cheese and curd imports amounted to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -36.8% against 2018 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 26%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Iran (X tons), Saudi Arabia (X tons) and Turkey (X tons) were the main suppliers of cheese and curd imports to Iraq, with a combined 55% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +35.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Iraq were Iran ($X), Saudi Arabia ($X) and Turkey ($X), together accounting for 52% of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +29.5%, recorded 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

The average cheese and curd import price stood at $X per ton in 2022, shrinking by -3.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7.9% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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