Iraq: Soups Market 2025

Soups Market Size in Iraq

In 2021, the Iraqi soups market increased by 12% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Soups Production in Iraq

In value terms, soups production soared to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Soups Exports

Exports from Iraq

In 2021, shipments abroad of soups and broths increased by 10% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2017 with an increase of 347% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, soups exports contracted to $X in 2021. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 170%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for soups exports from Iraq, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey stood at +11.1%.

In value terms, Turkey ($X) also remains the key foreign market for soups and broths exports from Iraq.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey totaled +6.1%.

Export Prices by Country

In 2021, the average soups export price amounted to $X per ton, dropping by -13.9% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the 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 Turkey.

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -4.6% per year.

Soups Imports

Imports into Iraq

In 2021, approx. X tons of soups and broths were imported into Iraq; with a decrease of -10.6% on 2020. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, soups imports dropped to $X in 2021. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of soups to Iraq, with a 61% share of total imports. Moreover, soups imports from Turkey exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The United Arab Emirates (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+22.2% per year) and the United Arab Emirates (+81.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of soups and broths to Iraq, comprising 48% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+72.9% per year) and Spain (+19.5% per year).

Import Prices by Country

In 2021, the average soups import price amounted to $X per ton, increasing by 9.1% against the previous year. In general, the import price, however, recorded a pronounced reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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