Price for Cereal Flour; of Maize (Corn) in Iraq - 2022

Price for Cereal Flour; of Maize (Corn) in Iraq (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $550 per ton, with an increase of 4.3% against the previous year. In general, the import price, however, showed a deep downturn. The growth pace was the most rapid in 2013 an increase of 11%. Over the period under review, average import prices hit record highs at $1,144 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($922 per ton), while the price for Turkey ($447 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-7.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Flour; of Maize (Corn) in Iraq (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $289 per ton in 2022, stabilizing at the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour; of maize (corn) export price decreased by -15.0% against 2017 indices. The growth pace was the most rapid in 2017 an increase of 42%. As a result, the export price attained the peak level of $340 per ton. From 2018 to 2022, the average 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 2022, the rate of growth in terms of prices for Turkey amounted to +3.4% per year.

Imports of Cereal Flour; of Maize (Corn) in Iraq

In 2022, purchases abroad of cereal flour; of maize (corn) decreased by -21% to 1.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year.

In value terms, cereal flour; of maize (corn) imports reduced markedly to $927K in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year.

Import of Cereal Flour; of Maize (Corn) in Iraq (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	415	520	1,008	595	12.8%
Kuwait	N/A	N/A	N/A	181	0%
Jordan	36.4	37.7	56.3	137	55.6%
Germany	N/A	142	29.3	N/A	-79.4%
Others	21.5	29.9	30.7	13.8	-13.7%
Total	473	729	1,124	927	25.1%

Top Suppliers of Cereal Flour; of Maize (Corn) to Iraq in 2022:

Turkey (1330.4 tons)
Kuwait (196.3 tons)
Jordan (148.9 tons)

Exports of Cereal Flour; of Maize (Corn) in Iraq

In 2022, approx. 62 tons of cereal flour; of maize (corn) were exported from Iraq; increasing by 13% against 2021. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33%. As a result, the exports reached the peak of 69 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal flour; of maize (corn) exports stood at $18K in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 37%. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.