Iraq: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Iraq

After seven years of growth, the Iraqi market for gingerbread, sweet biscuits and waffles decreased by -0.1% to $X in 2022. The market value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 9.8%. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Production of Gingerbread, Sweet Biscuits and Waffles in Iraq

In value terms, gingerbread, sweet biscuit and waffle production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded perceptible growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 102%. Gingerbread, sweet biscuit and waffle production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports from Iraq

In 2022, after two years of decline, there was significant growth in overseas shipments of gingerbread, sweet biscuits and waffles, when their volume increased by 11% to X tons. Over the period under review, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 140%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gingerbread, sweet biscuit and waffle exports surged to $X in 2022. Overall, exports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 151%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons), Australia (X tons) and the Czech Republic (X tons) were the main destinations of gingerbread, sweet biscuit and waffle exports from Iraq, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +4,377.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the key foreign market for gingerbread, sweet biscuits and waffles exports from Iraq, comprising 71% of total exports. The second position in the ranking was held by Australia ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey totaled +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and the Czech Republic (+3,572.2% per year).

Export Prices by Country

The average export price for gingerbread, sweet biscuits and waffles stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 77%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Iraq

Gingerbread, sweet biscuit and waffle imports into Iraq rose slightly to X tons in 2022, surging by 1.6% compared with the year before. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, gingerbread, sweet biscuit and waffle imports dropped slightly to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +2.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of gingerbread, sweet biscuit and waffle to Iraq, with a 73% share of total imports. Moreover, gingerbread, sweet biscuit and waffle imports from Turkey exceeded the figures recorded by the second-largest supplier, Iran (X tons), fivefold. Jordan (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+14.6% per year) and Jordan (-12.6% per year).

In value terms, Turkey ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Iraq, comprising 73% of total imports. The second position in the ranking was taken by Iran ($X), with an 11% share of total imports. It was followed by Jordan, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (+12.9% per year) and Jordan (-5.5% per year).

Import Prices by Country

In 2022, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, falling by -2.1% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 8%. The import price peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+29.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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