Report Update Nov 1, 2024

Iraq - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Iraq

In 2021, the Iraqi frozen whole fish market decreased by -53.9% to $X, falling for the fifth consecutive year after five years of growth. Over the period under review, consumption, however, posted a remarkable increase. Frozen whole fish consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Frozen Whole Fish Exports

Exports from Iraq

In 2020, frozen whole fish exports from Iraq totaled X kg, with an increase of 8.2% compared with 2019. In general, exports, however, showed a dramatic downturn. The pace of growth was the most pronounced in 2017 with an increase of 197%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, frozen whole fish exports expanded rapidly to $X in 2020. Over the period under review, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2017 with an increase of 111%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Oman (X kg) was the main destination for frozen whole fish exports from Iraq, with a 73% share of total exports. Moreover, frozen whole fish exports to Oman exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), threefold.

From 2012 to 2020, the average annual growth rate of volume to Oman was relatively modest.

In value terms, Oman ($X) and the United Arab Emirates ($X) appeared to be the largest markets for frozen whole fish exported from Iraq worldwide.

In terms of the main countries of destination, Oman, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average frozen whole fish export price stood at $X per ton in 2020, with an increase of 3.8% against the previous year. In general, the export price continues to indicate tangible growth. The most prominent rate of growth was recorded in 2019 an increase of 15% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France (-6.4%).

Frozen Whole Fish Imports

Imports into Iraq

In 2021, purchases abroad of frozen whole fish decreased by -62.7% to X tons, falling for the fourth year in a row after four years of growth. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 444%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen whole fish imports shrank dramatically to $X in 2021. Over the period under review, imports, however, posted strong growth. The pace of growth was the most pronounced in 2014 with an increase of 476%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Iran (X tons) constituted the largest frozen whole fish supplier to Iraq, accounting for a 85% share of total imports. Moreover, frozen whole fish imports from Iran exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total imports with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from Iran stood at +52.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.7% per year) and Myanmar (-26.7% per year).

In value terms, Iran ($X) constituted the largest supplier of frozen whole fish to Iraq, comprising 88% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.7% share of total imports. It was followed by Turkey, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Iran stood at +38.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.6% per year) and Turkey (+3.3% per year).

Import Prices by Country

The average frozen whole fish import price stood at $X per ton in 2021, increasing by 40% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat 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 Iran ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen whole fish in the world?

China remains the largest frozen whole fish consuming country worldwide, comprising approx. 42% of total volume. Moreover, frozen whole fish consumption in China exceeded the figures recorded by the second-largest consumer, Russia, sixfold. Thailand ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of frozen whole fish in the world?

China remains the largest frozen whole fish producing country worldwide, accounting for 41% of total volume. Moreover, frozen whole fish production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was occupied by Japan, with a 4.6% share.

What are the leading suppliers of frozen whole fish to Iraq?

In value terms, Iran constituted the largest supplier of frozen whole fish to Iraq, comprising 54% of total imports. The second position in the ranking was occupied by Vietnam, with an 18% share of total imports. It was followed by Pakistan, with a 6.7% share.

What is the average export price for frozen whole fish in Iraq?

In 2020, the average frozen whole fish export price amounted to $3,946 per ton, surging by 3.8% against the previous year.

What is the average import price for frozen whole fish in Iraq?

In 2021, the average frozen whole fish import price amounted to $1,880 per ton, approximately equating the previous year.

This report provides an in-depth analysis of the frozen whole fish market 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:

Prodcom 10201330 - Frozen whole salt water fish
Prodcom 10201360 - Frozen whole fresh water fish
Prodcom 10201600 - Frozen fish livers and roes

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

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
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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