Iraq: Uncooked Pasta Market 2024

Uncooked Pasta Market Size in Iraq

For the fourth consecutive year, the Iraqi uncooked pasta market recorded growth in sales value, which increased by 10% to $X in 2021. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +38.6% against 2016 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Uncooked Pasta Production in Iraq

In value terms, uncooked pasta production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.9% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 60%. Uncooked pasta production peaked at $X in 2020, and then shrank modestly in the following year.

Uncooked Pasta Exports

Exports from Iraq

In 2021, overseas shipments of uncooked pasta increased by 197% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 215%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, uncooked pasta exports soared to $X in 2021. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 279% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Turkey stood at +34.1%.

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

From 2012 to 2021, the average annual growth rate of value to Turkey totaled +34.3%.

Export Prices by Country

The average uncooked pasta export price stood at $X per ton in 2021, which is down by -17.7% against the previous year. Overall, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 27%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 +0.1% per year.

Uncooked Pasta Imports

Imports into Iraq

In 2021, approx. X tons of uncooked pasta were imported into Iraq; rising by 30% against the previous year. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 148% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, uncooked pasta imports skyrocketed to $X in 2021. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 137% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Saudi Arabia (X tons) constituted the largest supplier of uncooked pasta to Iraq, with a 64% share of total imports. Moreover, uncooked pasta imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by Jordan (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Saudi Arabia stood at +55.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+14.4% per year) and Jordan (+43.3% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of uncooked pasta to Iraq, comprising 75% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.8% share of total imports. It was followed by the United Arab Emirates, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia totaled +61.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.3% per year) and the United Arab Emirates (+37.1% per year).

Import Prices by Country

The average uncooked pasta import price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price saw a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 42% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: 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 Kuwait (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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