Iraq: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Iraq

The Iraqi prepared dish and meal market skyrocketed to $X in 2021, picking up by 33% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a remarkable increase. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in years to come.

Exports of Prepared Dishes And Meals

Exports from Iraq

In 2021, approx. X tons of prepared dishes and meals were exported from Iraq; declining by -11% on 2020. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 245% against the previous year. The exports peaked at X tons in 2020, and then contracted in the following year.

In value terms, prepared dish and meal exports reduced to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 278% against the previous year. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Turkey (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main destinations of prepared dish and meal exports from Iraq, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +292.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for prepared dishes and meals exports from Iraq, comprising 51% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total exports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+9.9% per year) and Germany (+206.9% per year).

Export Prices by Country

In 2021, the average prepared dish and meal export price amounted to $X per ton, leveling off at the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Germany ($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 Jordan (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Dishes And Meals

Imports into Iraq

For the fifth consecutive year, Iraq recorded growth in supplies from abroad of prepared dishes and meals, which increased by 32% to X tons in 2021. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 48% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, prepared dish and meal imports surged to $X in 2021. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest prepared dish and meal supplier to Iraq, accounting for a 26% share of total imports. Moreover, prepared dish and meal imports from Turkey exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+69.4% per year) and the United Arab Emirates (+11.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of prepared dishes and meals to Iraq, comprising 16% of total imports. The second position in the ranking was held by Hungary ($X), with a 7.1% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+70.2% per year) and Germany (+9.9% per year).

Import Prices by Country

In 2021, the average prepared dish and meal import price amounted to $X per ton, approximately equating the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared dish and meal import price increased by +12.6% against 2017 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 18% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :