Price for Cereal Flours; Other than of Wheat or Meslin in Iraq - 2022

Contents:

1. Price for Cereal Flours; Other than of Wheat or Meslin in Iraq (CIF) - 2022
2. Price for Cereal Flours; Other than of Wheat or Meslin in Iraq (FOB) - 2022
3. Imports of Cereal Flours; Other than of Wheat or Meslin in Iraq
4. Exports of Cereal Flours; Other than of Wheat or Meslin in Iraq

Price for Cereal Flours; Other than of Wheat or Meslin in Iraq (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $371 per ton in 2022, standing approx. at the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. The import price peaked at $719 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,273 per ton), while the price for Turkey ($243 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Iraq (FOB) - 2022

The average export price for cereal flours; other than of wheat or meslin stood at $288 per ton in 2022, standing approx. at the previous year. Overall, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2017 an increase of 42%. Over the period under review, the average export prices attained the maximum at $1,169 per ton in 2014; however, from 2015 to 2022, the 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 -7.7% per year.

Imports of Cereal Flours; Other than of Wheat or Meslin in Iraq

In 2022, imports of cereal flours; other than of wheat or meslin into Iraq reduced slightly to 4.7K tons, declining by -4.5% against the year before. Overall, imports continue to indicate a deep slump. The growth pace was the most rapid in 2021 with an increase of 8.5%.

In value terms, imports of cereal flours; other than of wheat or meslin fell to $1.7M in 2022. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 12%.

Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Iraq in 2022:

1. Turkey (3670.3 tons)
2. Jordan (406.2 tons)
3. United Arab Emirates (299.1 tons)
4. Germany (95.8 tons)

Exports of Cereal Flours; Other than of Wheat or Meslin in Iraq

In 2022, shipments abroad of cereal flours; other than of wheat or meslin decreased by -25.1% to 105 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, the exports reached the peak of 140 tons, and then declined markedly in the following year.

In value terms, exports of cereal flours; other than of wheat or meslin declined sharply to $30K in 2022. In general, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 99%. As a result, the exports reached the peak of $40K, and then contracted dramatically in the following year.

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Iraq in 2022:

1. Turkey (104.6 tons)

Source: IndexBox Market Intelligence Platform