Iraq: Market for Cider, Perry, Mead And Other Fermented Beverages 2024

Market Size for Cider, Perry, Mead And Other Fermented Beverages in Iraq

In 2021, the Iraqi cider, perry and mead market decreased by -2.1% to $X for the first time since 2016, thus ending a four-year rising trend. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.1% against 2016 indices. Cider, perry and mead consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Cider, Perry, Mead And Other Fermented Beverages in Iraq

In value terms, cider, perry and mead production contracted modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell slightly in the following year.

Exports of Cider, Perry, Mead And Other Fermented Beverages

Exports from Iraq

Cider, perry and mead exports from Iraq dropped to X litres in 2018, shrinking by -7.2% on the previous year. Over the period under review, exports showed a precipitous decline. The exports peaked at X litres in 2014; however, from 2015 to 2018, the exports stood at a somewhat lower figure.

In value terms, cider, perry and mead exports rose to $X in 2018. Overall, exports showed a significant contraction. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2018, the exports remained at a lower figure.

Exports by Country

Trinidad and Tobago (X litres) was the main destination for cider, perry and mead exports from Iraq, accounting for a approx. 100% share of total exports.

From 2014 to 2018, the average annual growth rate of volume to Trinidad and Tobago was relatively modest.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for cider, perry, mead and other fermented beverages exports from Iraq.

From 2014 to 2018, the average annual rate of growth in terms of value to Trinidad and Tobago was relatively modest.

Export Prices by Country

The average cider, perry and mead export price stood at $X per litre in 2018, growing by 11% against the previous year. Over the period under review, the export price showed moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2018, the rate of growth in terms of prices for Turkey amounted to -0.1% per year.

Imports of Cider, Perry, Mead And Other Fermented Beverages

Imports into Iraq

In 2021, cider, perry and mead imports into Iraq skyrocketed to X litres, with an increase of 149% against 2020. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 216%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, cider, perry and mead imports soared to $X in 2021. Over the period under review, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X litres), Germany (X litres) and Armenia (X litres) were the main suppliers of cider, perry and mead imports to Iraq, together comprising 48% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +64.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cider, perry and mead suppliers to Iraq were the Netherlands ($X), Germany ($X) and Armenia ($X), with a combined 47% share of total imports.

Germany, with a CAGR of +63.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cider, perry and mead import price stood at $X per litre in 2021, with a decrease of -12.8% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cider, perry and mead import price increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 80% against the previous year. As a result, import price attained the peak level of $X per litre. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Lebanon ($X per litre) and Turkey ($X per litre), while the price for Germany ($X per litre) and Armenia ($X per litre) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :