Iraq: Market for Chocolate Bars With Fillings 2024

Market Size for Chocolate Bars With Fillings in Iraq

The Iraqi chocolate bar with filling market surged to $X in 2021, growing by 19% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.1% against 2017 indices. Chocolate bar with filling consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Chocolate Bars With Fillings in Iraq

In value terms, chocolate bar with filling production reduced slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Iraq

For the third year in a row, Iraq recorded decline in overseas shipments of chocolate bars with fillings, which decreased by -23.2% to X tons in 2021. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 575% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, chocolate bar with filling exports contracted dramatically to $X in 2021. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 631% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for chocolate bar with filling exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Turkey totaled +15.4%.

In value terms, Turkey ($X) also remains the key foreign market for chocolate bars with fillings exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +9.2%.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, falling by -20.4% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -5.4% per year.

Imports of Chocolate Bars With Fillings

Imports into Iraq

In 2021, approx. X tons of chocolate bars with fillings were imported into Iraq; picking up by 67% compared with the year before. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 68%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, chocolate bar with filling imports surged to $X in 2021. Over the period under review, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest chocolate bar with filling supplier to Iraq, with a 88% share of total imports. Moreover, chocolate bar with filling imports from Turkey exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+14.7% per year) and the United Arab Emirates (-2.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of chocolate bars with fillings to Iraq, comprising 83% of total imports. The second position in the ranking was held by Russia ($X), with a 7.8% share of total imports. It was followed by the United Arab Emirates, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+11.5% per year) and the United Arab Emirates (-4.8% per year).

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 5.6% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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