Onion Price in Iraq - 2022
Contents:
- Onion Price in Iraq (CIF) - 2022
- Onion Price in Iraq (FOB) - 2022
- Onion Imports in Iraq
- Onion Exports in Iraq
Onion Price in Iraq (CIF) - 2022
In 2022, the average onion import price amounted to $84 per ton, declining by -41.3% against the previous year. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 75%. As a result, import price attained the peak level of $320 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Syrian Arab Republic ($104 per ton), while the price for Turkey ($78 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+4.3%), while the prices for the other major suppliers experienced a decline.
Onion Price in Iraq (FOB) - 2022
The average onion export price stood at $150 per ton in 2022, dropping by -23% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by less than 0.1%. Over the period under review, the average export prices reached the maximum at $550 per ton in 2016; however, from 2017 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 -0.8% per year.
Onion Imports in Iraq
In 2022, purchases abroad of onions (dry) decreased by -85% to 48K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, imports reached the peak of 377K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, onion imports fell dramatically to $4.7M in 2022. Overall, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 19%. As a result, imports reached the peak of $100M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Onion in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 73.0 | 84.8 | 32.2 | 4.0 | -62.0% |
| Turkey | 3.8 | 4.2 | 5.8 | 0.2 | -62.5% |
| Syrian Arab Republic | 3.4 | 3.4 | 3.0 | 0.2 | -61.1% |
| Others | 3.4 | 7.2 | 4.1 | 0.2 | -61.1% |
| Total | 83.5 | 99.7 | 45.2 | 4.7 | -61.7% |
Top Suppliers of Onion to Iraq in 2022:
- Iran (41.8K tons)
- Turkey (2.6K tons)
- Syrian Arab Republic (2.2K tons)
Onion Exports in Iraq
For the fourth year in a row, Iraq recorded growth in overseas shipments of onions (dry), which increased by 4.3% to 87 tons in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 31% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, onion exports surged to $21K in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 12.7 | 2.9 | 15.4 | 20.6 | 17.5% |
| Kazakhstan | N/A | 1.2 | N/A | N/A | 0% |
| Uzbekistan | N/A | 8.2 | N/A | N/A | 0% |
| United Arab Emirates | N/A | 2.1 | 0.8 | N/A | -61.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.7 | 14.3 | 16.2 | 20.6 | 17.5% |
Top Export Markets for Onion from Iraq in 2022:
- Turkey (87.0 tons)
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