Iraq: Chewing Gum Market 2024

Chewing Gum Market Size in Iraq

The Iraqi chewing gum market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a abrupt setback. Chewing gum consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Chewing Gum Production in Iraq

In value terms, chewing gum production soared to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 257% against the previous year. Chewing gum production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Chewing Gum Exports

Exports from Iraq

Chewing gum exports from Iraq skyrocketed to X tons in 2021, with an increase of 151% against the previous year. Over the period under review, exports, however, saw a deep setback. The growth pace was the most rapid in 2017 when exports increased by 253% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chewing gum exports soared to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 496%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for chewing gum exports from Iraq, accounting for a 50% share of total exports. Moreover, chewing gum exports to the United States exceeded the volume sent to the second major destination, Turkey (X tons), twofold. Jordan (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.1% per year) and Jordan (-28.6% per year).

In value terms, the United States ($X), Turkey ($X) and Jordan ($X) constituted the largest markets for chewing gum exported from Iraq worldwide, together comprising 84% of total exports. Germany, Australia and Canada lagged somewhat behind, together accounting for a further 13%.

Among the main countries of destination, Australia, with a CAGR of +1,072.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, rising by 11% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chewing gum export price decreased by -29.2% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Jordan ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+67.7%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Iraq

In 2021, supplies from abroad of chewing gum was finally on the rise to reach X tons after three years of decline. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, chewing gum imports surged to $X in 2021. Over the period under review, imports posted a mild expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of chewing gum imports to Iraq, with a combined 80% share of total imports. These countries were followed by Iran, Vietnam, Jordan and Lebanon, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +57.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest chewing gum suppliers to Iraq were Turkey ($X), Iran ($X) and Saudi Arabia ($X), with a combined 82% share of total imports. The United Arab Emirates, Vietnam, Jordan and Lebanon lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, the United Arab Emirates, with a CAGR of +38.6%, saw the highest rates of growth with regard to 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 chewing gum import price stood at $X per ton in 2021, with an increase of 15% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chewing gum import price increased by +16.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Iran ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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