Iraq: Nuts Market 2024

Nuts Market Size in Iraq

The Iraqi nuts market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed strong growth. Nuts consumption peaked in 2022 and is expected to retain growth in the immediate term.

Nuts Production in Iraq

In value terms, nuts production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of nuts in Iraq contracted to X tons per ha in 2022, remaining relatively unchanged against the year before. Over the period under review, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The nuts yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of nuts were harvested in Iraq; almost unchanged from 2021. In general, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2022, the growth of the nuts harvested area remained at a lower figure.

Nuts Exports

Exports from Iraq

After three years of growth, overseas shipments of nuts decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, nuts exports skyrocketed to $X in 2022. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Jordan (X tons), the United Arab Emirates (X tons) and Egypt (X tons) were the main destinations of nuts exports from Iraq, together accounting for X% of total exports. The United States, Canada and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, Jordan ($X), Egypt ($X) and the United States ($X) constituted the largest markets for nuts exported from Iraq worldwide, together comprising X% of total exports.

The United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nuts export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Imports

Imports into Iraq

In 2022, imports of nuts into Iraq rose rapidly to X tons, surging by X% on the year before. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, nuts imports surged to $X in 2022. In general, imports saw strong growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of nuts to Iraq, accounting for a X% share of total imports. Moreover, nuts imports from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Iran (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

In value terms, Turkey ($X), Iran ($X) and the United Arab Emirates ($X) constituted the largest nuts suppliers to Iraq, together comprising X% of total imports. China, the United States, Ukraine and Georgia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of 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 nuts import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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