Iraq: Vinegar Market 2024

Vinegar Market Size in Iraq

The Iraqi vinegar market expanded significantly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Vinegar Production in Iraq

In value terms, vinegar production stood at $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Vinegar production peaked at $X in 2020; afterwards, it flattened through to 2022.

Vinegar Exports

Exports from Iraq

In 2022, overseas shipments of vinegar increased by X% to X kg for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, faced a sharp decline. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, vinegar exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a dramatic descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Jordan (X kg), Turkey (X kg) and Germany (X kg) were the main destinations of vinegar exports from Iraq, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for vinegar exported from Iraq were Turkey ($X), the United States ($X) and Jordan ($X), with a combined X% share of total exports.

Jordan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average vinegar export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; afterwards, it flattened through to 2022.

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

Vinegar Imports

Imports into Iraq

In 2022, approx. X tons of vinegar were imported into Iraq; surging by X% on the previous year. Overall, imports posted a significant increase. 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 maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, vinegar imports soared to $X in 2022. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest supplier of vinegar to Iraq, with a X% share of total imports. Moreover, vinegar imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), tenfold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Iran totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Iran amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average vinegar import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($X per ton) and Saudi Arabia ($X per ton), while the price for Iran ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :