Iraq: Wheat Bran Market 2024

Wheat Bran Market Size in Iraq

The Iraqi wheat bran market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated a slight 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Wheat Bran Production in Iraq

In value terms, wheat bran production reduced modestly to $X in 2022 estimated in export price. In general, the total production indicated a mild increase 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 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Wheat Bran Exports

Exports from Iraq

In 2022, overseas shipments of wheat bran increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, wheat bran exports expanded rapidly to $X in 2022. Over the period under review, exports saw pronounced growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for wheat bran exports from Iraq, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled X%.

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

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

Export Prices by Country

In 2022, the average wheat bran export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average 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 X% per year.

Wheat Bran Imports

Imports into Iraq

Wheat bran imports into Iraq reduced notably to X tons in 2022, with a decrease of X% compared with the previous year. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wheat bran imports fell notably to $X in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest wheat bran supplier to Iraq, accounting for a X% share of total imports. Moreover, wheat bran imports from Turkey exceeded the figures recorded by the second-largest supplier, Azerbaijan (X tons), tenfold. Ukraine (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 Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Azerbaijan (X% per year) and Ukraine (X% per year).

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

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

Import Prices by Country

In 2022, the average wheat bran import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price posted resilient growth. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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