Iraq: Spice Market 2025

Spice Market Size in Iraq

In 2022, the Iraqi spice market decreased by X% to $X, falling for the second year in a row after nine years of growth. In general, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Spice Production in Iraq

In value terms, spice production totaled $X in 2022 estimated in export price. Over the period under review, production recorded pronounced growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Spice production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

The average yield of spices in Iraq was estimated at less than X kg per ha in 2022, approximately equating the previous year's figure. Over the period under review, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of spices in Iraq totaled less than X ha, remaining constant against 2021. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Spice Exports

Exports from Iraq

In 2022, overseas shipments of spices decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, spice exports contracted to $X in 2022. Overall, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for spice exports from Iraq, with a X% share of total exports. Moreover, spice exports to Turkey exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and the Netherlands (X% per year).

In value terms, the largest markets for spice exported from Iraq were Germany ($X), Turkey ($X) and the Netherlands ($X), with a combined X% share of total exports. The UK, the United States, Sweden, Canada and Jordan lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spice export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to Turkey ($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 Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into Iraq

In 2022, spice imports into Iraq amounted to X tons, leveling off at 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, spice imports contracted slightly to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), the United Arab Emirates (X tons) and China (X tons) were the main suppliers of spice imports to Iraq, with a combined X% share of total imports. Iran, Turkey, Vietnam, Indonesia, Guatemala and Ethiopia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest spice suppliers to Iraq were the United Arab Emirates ($X), India ($X) and China ($X), with a combined X% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded 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

The average spice import price stood at $X per ton in 2022, approximately equating the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, 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 Guatemala ($X per ton), while the price for Ethiopia ($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 (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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