Report Update Nov 1, 2024

Iraq - Crude Sunflower-Seed and Safflower Oil - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Market for Crude Sunflower-Seed And Safflower Oil 2024

Market Size for Crude Sunflower-Seed And Safflower Oil in Iraq

The Iraqi market for crude sunflower-seed and safflower oil expanded to $X in 2022, with an increase of 4.3% against the previous year. In general, consumption recorded a significant increase. Crude sunflower-seed and safflower oil consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Crude Sunflower-Seed And Safflower Oil in Iraq

In value terms, crude sunflower-seed and safflower oil production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 283%. Crude sunflower-seed and safflower oil production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Iraq

Crude sunflower-seed and safflower oil exports from Iraq was estimated at X tons in 2020, therefore, remained relatively stable against 2019 figures. Overall, exports continue to indicate a deep setback. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil exports amounted to $X in 2020. Over the period under review, exports showed a dramatic curtailment. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for crude sunflower-seed and safflower oil exports from Iraq, with a approx. 100% share of total exports.

From 2015 to 2020, the average annual growth rate of volume to Turkey totaled -11.5%.

From 2015 to 2020, the average annual rate of growth in terms of value to Turkey amounted to -23.8%.

Export Prices by Country

The average export price for crude sunflower-seed and safflower oil stood at $X per ton in 2020, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 a decrease of 99.9%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2020, the 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 2015 to 2020, the rate of growth in terms of prices for Turkey amounted to -13.9% per year.

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Iraq

In 2022, the amount of crude sunflower-seed and safflower oil imported into Iraq surged to X tons, growing by 26% against the previous year. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 800% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, crude sunflower-seed and safflower oil imports declined slightly to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 723%. Over the period under review, imports hit record highs at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest supplier of crude sunflower-seed and safflower oil to Iraq, accounting for a 41% share of total imports. Moreover, crude sunflower-seed and safflower oil imports from Ukraine exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), twofold. The third position in this ranking was held by Turkey (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine totaled +51.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+328.2% per year) and Turkey (+113.5% per year).

In value terms, the largest crude sunflower-seed and safflower oil suppliers to Iraq were Ukraine ($X), Bulgaria ($X) and Turkey ($X), together comprising 74% of total imports.

In terms of the main suppliers, Bulgaria, with a CAGR of +326.8%, 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

In 2022, the average import price for crude sunflower-seed and safflower oil amounted to $X per ton, which is down by -24.9% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2021 an increase of 70% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Bulgaria ($X per ton) and Turkey ($X per ton), while the price for Ukraine ($X per ton) and Moldova ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil consumption in 2021 were Russia, Turkey and India, with a combined 37% share of global consumption. These countries were followed by China, Ukraine, Argentina, Spain, Italy, France, Iran, Hungary, Germany and Romania, which together accounted for a further 39%.

What are the largest producers of crude sunflower-seed and safflower oil in the world?

The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2021 were Ukraine, Russia and Argentina, with a combined 63% share of global production. These countries were followed by Turkey, Hungary, Bulgaria, Romania, France, Spain and Kazakhstan, which together accounted for a further 21%.

What are the leading suppliers of crude sunflower-seed and safflower oil to Iraq?

In value terms, Ukraine constituted the largest supplier of crude sunflower-seed and safflower oil to Iraq, comprising 76% of total imports. The second position in the ranking was occupied by Turkey, with a 23% share of total imports.

What is the average export price for crude sunflower-seed and safflower oil in Iraq?

In 2020, the average export price for crude sunflower-seed and safflower oil amounted to $738 per ton, approximately equating the previous year.

What is the average import price for crude sunflower-seed and safflower oil in Iraq?

The average import price for crude sunflower-seed and safflower oil stood at $1,101 per ton in 2021, falling by -1.5% against the previous year.

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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 268 - Oil of Sunflower Seed
FCL 281 - Oil of Safflower Seed

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

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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
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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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023