Iraq: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Iraq

The Iraqi pasta and couscous market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -18.6% against 2019 indices. Pasta and couscous consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Pasta And Couscous Production in Iraq

In value terms, pasta and couscous production shrank to $X in 2022 estimated in export price. Overall, production, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 153% against the previous year. Pasta and couscous production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Pasta And Couscous Exports

Exports from Iraq

In 2022, after four years of growth, there was significant decline in shipments abroad of stuffed pasta and couscous, when their volume decreased by -34.1% to X tons. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 214% against the previous year. As a result, the exports attained the peak of X tons, and then shrank markedly in the following year.

In value terms, pasta and couscous exports shrank rapidly to $X in 2022. Overall, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 245% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for pasta and couscous exports from Iraq, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey stood at +10.2%.

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

From 2012 to 2022, the average annual growth rate of value to Turkey stood at +11.9%.

Export Prices by Country

In 2022, the average pasta and couscous export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, showed a modest increase. The growth pace was the most rapid in 2013 when the average export price increased by 96%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +1.6% per year.

Pasta And Couscous Imports

Imports into Iraq

In 2022, overseas purchases of stuffed pasta and couscous were finally on the rise to reach X tons after two years of decline. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.5% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 46%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, pasta and couscous imports soared to $X in 2022. In general, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.6% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 39%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest pasta and couscous supplier to Iraq, with a 75% share of total imports. Moreover, pasta and couscous imports from Turkey exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+20.3% per year) and Jordan (+18.1% per year).

In value terms, Turkey ($X) constituted the largest supplier of stuffed pasta and couscous to Iraq, comprising 47% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+18.6% per year) and Jordan (+20.7% per year).

Import Prices by Country

The average pasta and couscous import price stood at $X per ton in 2022, reducing by -11.4% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pasta and couscous import price increased by +44.1% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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