Iraq: Market for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades 2024

Market Size for Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Iraq

The Iraqi homogenised jam and marmalade market reduced slightly to $X in 2022, falling by -2.9% against the previous year. Overall, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades in Iraq

In value terms, homogenised jam and marmalade production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Exports from Iraq

In 2022, after two years of decline, there was significant growth in overseas shipments of homogenised preparations of jams, fruit jellies and marmalades, when their volume increased by 20% to X tons. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 212% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, homogenised jam and marmalade exports reached $X in 2022. In general, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2018 when exports increased by 234% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X tons) was the main destination for homogenised jam and marmalade exports from Iraq, accounting for a 86% share of total exports. Moreover, homogenised jam and marmalade exports to Egypt exceeded the volume sent to the second major destination, the UK (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Egypt totaled -1.4%.

In value terms, Egypt ($X) remains the key foreign market for homogenised preparations of jams, fruit jellies and marmalades exports from Iraq, comprising 81% of total exports. The second position in the ranking was held by the UK ($X), with a 9.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt totaled -12.3%.

Export Prices by Country

The average homogenised jam and marmalade export price stood at $X per ton in 2022, falling by -12.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 28% 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 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Egypt amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+28.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Homogenised Preparations Of Jams, Fruit Jellies And Marmalades

Imports into Iraq

In 2022, after five years of decline, there was significant growth in purchases abroad of homogenised preparations of jams, fruit jellies and marmalades, when their volume increased by 23% to X tons. In general, imports recorded resilient growth. The pace of growth was the most pronounced in 2013 when imports increased by 672% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, homogenised jam and marmalade imports soared to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 610%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Greece (X tons), Turkey (X tons) and Thailand (X tons) were the main suppliers of homogenised jam and marmalade imports to Iraq, together comprising 80% of total imports. Jordan, Egypt, the United Arab Emirates and Spain lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Greece ($X) and Egypt ($X) appeared to be the largest homogenised jam and marmalade suppliers to Iraq, with a combined 72% share of total imports.

Greece, with a CAGR of +62.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 homogenised jam and marmalade import price amounted to $X per ton, growing by 18% against the previous year. In general, the import price, however, recorded a deep setback. The growth pace was the most rapid in 2014 an increase of 22%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+82.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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