Iraq: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Iraq

The Iraqi spirits and liqueurs market surged to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded resilient growth. Spirits and liqueurs consumption peaked in 2022 and is likely to continue growth in years to come.

Spirits And Liqueurs Exports

Exports from Iraq

In 2022, overseas shipments of spirits, liqueurs and other spirituous beverages decreased by X% to X litres, falling for the second year in a row after two years of decline. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X litres in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, spirits and liqueurs exports dropped sharply to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X litres) was the main destination for spirits and liqueurs exports from Iraq, with a X% share of total exports. Moreover, spirits and liqueurs exports to France exceeded the volume sent to the second major destination, Poland (X litres), threefold.

From 2013 to 2022, the average annual rate of growth in terms of volume to France amounted to X%.

In value terms, France ($X) emerged as the key foreign market for spirits, liqueurs and other spirituous beverages exports from Iraq, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to France amounted to X%.

Export Prices by Country

The average spirits and liqueurs export price stood at $X per litre in 2022, approximately equating the previous year. Overall, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per litre in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per litre), while the average price for exports to Poland totaled $X per litre.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%).

Spirits And Liqueurs Imports

Imports into Iraq

After two years of decline, supplies from abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its volume 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. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs imports skyrocketed to $X in 2022. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Greece (X litres), the UK (X litres) and Sweden (X litres) were the main suppliers of spirits and liqueurs imports to Iraq, together accounting for X% of total imports. Lebanon, Ukraine, Armenia, Bulgaria, France, Jordan, North Macedonia, Turkey, the United Arab Emirates and Lithuania lagged somewhat behind, together accounting for a further X%.

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

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Iraq, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Jordan (X% per year).

Import Prices by Country

In 2022, the average spirits and liqueurs import price amounted to $X per litre, increasing by X% against the previous year. Overall, import price indicated pronounced growth 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, spirits and liqueurs import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per litre), while the price for North Macedonia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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