Iraq: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Iraq

After two years of decline, the Iraqi dried or smoked fish market increased by 4.9% to $X in 2021. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% 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 decreased by -11.1% against 2018 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Iraq

In value terms, dried or smoked fish production amounted to $X in 2021 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -12.0% against 2018 indices. The pace of growth appeared the most rapid in 2015 with an increase of 27% against the previous year. Dried or smoked fish production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Iraq

In 2017, approx. X kg of dried or smoked fish were exported from Iraq; leveling off at 2016. In general, exports recorded a significant contraction. The smallest decline of 99.9% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2017, the exports remained at a lower figure.

In value terms, dried or smoked fish exports stood at $X in 2017. Overall, exports faced a significant curtailment. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for dried or smoked fish exports from Iraq, accounting for a approx. 100% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to the United Arab Emirates totaled -68.4%.

From 2013 to 2017, the average annual growth rate of value to the United Arab Emirates totaled -58.7%.

Export Prices by Country

In 2017, the average dried or smoked fish export price amounted to $X per ton, leveling off at the previous year. Overall, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs in 2017 and is likely to continue growth in the near future.

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

From 2013 to 2017, the rate of growth in terms of prices for the United Arab Emirates amounted to +30.6% per year.

Imports of Dried Or Smoked Fish

Imports into Iraq

In 2021, supplies from abroad of dried or smoked fish increased by 103% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 190%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dried or smoked fish imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2014 when imports increased by 110%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest dried or smoked fish supplier to Iraq, with a 37% share of total imports. Moreover, dried or smoked fish imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Belarus (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at +55.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+38.4% per year) and Belarus (+1,256.7% per year).

In value terms, the Netherlands ($X), Belarus ($X) and the United Arab Emirates ($X) were the largest dried or smoked fish suppliers to Iraq, with a combined 56% share of total imports.

In terms of the main suppliers, Belarus, with a CAGR of +597.3%, 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 2021, the average dried or smoked fish import price amounted to $X per ton, declining by -9.9% against the previous year. Over the period under review, the import price, however, showed prominent growth. The growth pace was the most rapid in 2013 when the average import price increased by 110% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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