Iraq: Animal Guts Market 2024

Animal Guts Market Size in Iraq

The Iraqi animal guts market fell modestly to $X in 2022, with a decrease of -1.9% against the previous year. In general, consumption saw a mild shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Animal Guts Production in Iraq

In value terms, animal guts production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced reduction. The pace of growth appeared the most rapid in 2016 with an increase of 15% against the previous year. Animal guts production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Animal Guts Exports

Exports from Iraq

In 2022, after three years of growth, there was significant decline in shipments abroad of guts, bladders and stomachs of animals, when their volume decreased by -16% to X tons. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, animal guts exports contracted sharply to $X in 2022. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 47%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X tons), Syrian Arab Republic (X tons) and Pakistan (X tons) were the main destinations of animal guts exports from Iraq, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +26.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Lebanon ($X) remains the key foreign market for guts, bladders and stomachs of animals exports from Iraq, comprising 65% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a 14% share of total exports. It was followed by Egypt, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (-20.2% per year) and Egypt (-12.6% per year).

Export Prices by Country

In 2022, the average animal guts export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Pakistan ($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 Germany (-3.4%), while the prices for the other major destinations experienced a decline.

Animal Guts Imports

Imports into Iraq

In 2022, supplies from abroad of guts, bladders and stomachs of animals decreased by -50.1% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a sharp slump. The pace of growth appeared the most rapid in 2015 with an increase of 624%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, animal guts imports surged to $X in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 585% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest animal guts supplier to Iraq, with a 80% share of total imports. Moreover, animal guts imports from Brazil exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), sevenfold. The third position in this ranking was held by Belgium (X kg), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-16.4% per year) and Belgium (0.0% per year).

In value terms, the largest animal guts suppliers to Iraq were the United Arab Emirates ($X), Brazil ($X) and South Korea ($X), together comprising 77% of total imports.

Among the main suppliers, South Korea, with a CAGR of +25.1%, recorded 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 animal guts import price amounted to $X per ton, rising by 151% against the previous year. Over the period under review, the import price recorded a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+37.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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