Bovine Animals; Live Price in Iraq - 2022

Bovine Animals; Live Price in Iraq (CIF) - 2022

In 2022, the average bovine animals; live import price amounted to $582 per unit, picking up by 4.8% against the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. As a result, import price reached the peak level of $789 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($1,039 per unit), while the price for Georgia ($336 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.8%), while the prices for the other major suppliers experienced a decline.

Bovine Animals; Live Price in Iraq (FOB) - 2022

The average bovine animals; live export price stood at $357 per unit in 2022, waning by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2021 an increase of 7.3%. As a result, the export price attained the peak level of $366 per unit, and then shrank modestly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +2.6% per year.

Bovine Animals; Live Imports in Iraq

In 2022, supplies from abroad of bovine animals; lives was finally on the rise to reach 171K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decline. Over the period under review, imports reached the peak figure at 236K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, bovine animals; live imports surged to $100M in 2022. Overall, imports, however, saw a abrupt curtailment. Over the period under review, imports reached the peak figure at $154M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Bovine Animals; Live in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	86.2	38.1	13.0	54.1	-14.4%
Georgia	11.9	13.4	12.6	28.0	33.0%
Armenia	3.8	3.7	13.2	8.8	32.3%
Colombia	44.6	65.9	30.8	2.4	-62.2%
Uruguay	4.5	2.4	0.7	2.3	-20.0%
Others	3.1	2.4	3.3	4.2	10.7%
Total	154	126	73.6	99.8	-13.5%

Top Suppliers of Bovine Animals; Live to Iraq in 2022:

Georgia (83.2K units)
Brazil (52.1K units)
Armenia (23.5K units)
Colombia (4.3K units)
Uruguay (4.0K units)

Bovine Animals; Live Exports in Iraq

In 2022, after three years of growth, there was significant decline in overseas shipments of bovine animals; lives, when their volume decreased by -21.9% to 726 units. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 78% against the previous year. As a result, the exports attained the peak of 929 units, and then contracted remarkably in the following year.

In value terms, bovine animals; live exports fell dramatically to $259K in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 91%. As a result, the exports reached the peak of $340K, and then fell notably in the following year.