Iraq: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Iraq

The Iraqi market for processed cheese (excluding grated or powdered) reduced to $X in 2020, with a decrease of -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Iraq

In value terms, production of processed cheese (excluding grated or powdered) contracted markedly to $X in 2020 estimated in export prices. Over the period under review, production showed a perceptible decline. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2020, production growth remained at a lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Iraq

For the thirteenth consecutive year, Iraq recorded decline in overseas shipments of processed cheese (excluding grated or powdered), which decreased by -X% to X kg in 2020. Over the period under review, exports recorded a sharp setback. The smallest decline of -X% was in 2019. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) contracted remarkably to $X in 2020. Overall, exports continue to indicate a precipitous setback. Exports peaked at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Serbia (X kg) was the main destination for exports of processed cheese (excluding grated or powdered) from Iraq, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Serbia totaled -X%.

In value terms, Serbia ($X) also remains the key foreign market for processed cheese (excluding grated or powdered) exports from Iraq.

From 2007 to 2020, the average annual rate of growth in terms of value to Serbia amounted to -X%.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a mild setback. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2007 to 2020, the rate of growth in terms of prices for Serbia amounted to +X% per year.

Imports of Processed cheese (excluding grated or powdered)

Imports into Iraq

In 2020, imports of processed cheese (excluding grated or powdered) into Iraq surged to X tons, increasing by X% on 2019. Over the period under review, total imports indicated a resilient increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X tons in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) expanded notably to $X in 2020. Overall, total imports indicated a buoyant increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons) and Poland (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Iraq, together comprising X% of total imports. These countries were followed by Austria, Bahrain, Egypt and Australia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Poland ($X) and Bahrain ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Iraq, with a combined X% share of total imports.

Austria (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, falling by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Bahrain ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Egypt, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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