Iraq: Mixed Juices Market 2024

Mixed Juices Market Size in Iraq

The Iraqi mixed juices market contracted notably to $X in 2022, with a decrease of -16.2% against the previous year. Over the period under review, consumption saw a abrupt setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Mixed Juices Production in Iraq

In value terms, mixed juices production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 225%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Mixed Juices Exports

Exports from Iraq

In 2022, shipments abroad of mixtures of fruit and vegetable juices increased by 22% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 951%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, mixed juices exports reduced notably to $X in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 893% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

The UK (X tons) was the main destination for mixed juices exports from Iraq, with a 74% share of total exports. Moreover, mixed juices exports to the UK exceeded the volume sent to the second major destination, Australia (X tons), sevenfold. Germany (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to the UK stood at +84.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Germany (+94.7% per year).

In value terms, the UK ($X) remains the key foreign market for mixtures of fruit and vegetable juices exports from Iraq, comprising 64% of total exports. The second position in the ranking was taken by Australia ($X), with a 9.4% share of total exports. It was followed by Germany, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +30.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and Germany (+49.4% per year).

Export Prices by Country

The average mixed juices export price stood at $X per ton in 2022, shrinking by -35.4% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 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 Netherlands ($X per ton), while the average price for exports to Turkey ($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 Turkey (-7.1%), while the prices for the other major destinations experienced a decline.

Mixed Juices Imports

Imports into Iraq

In 2022, supplies from abroad of mixtures of fruit and vegetable juices was finally on the rise to reach X tons after five years of decline. In general, imports, however, saw a sharp descent. The pace of growth was the most pronounced in 2015 with an increase of 246%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mixed juices imports surged to $X in 2022. Over the period under review, imports, however, faced a dramatic shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 139%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main supplier of mixed juices to Iraq, with a 95% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2% share of total imports. The third position in this ranking was held by Iran (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia stood at -33.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-18.3% per year) and Iran (-9.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Iraq, comprising 74% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Iran, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia totaled -24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+10.0% per year) and Iran (+10.2% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, increasing by 51% against the previous year. Over the period under review, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 73%. Over the period under review, average import prices reached the maximum in 2022 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 the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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