Price for Cereal Groats and Meal; of Maize (Corn) in Iraq - 2022

Price for Cereal Groats and Meal; of Maize (Corn) in Iraq (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of maize (corn)s amounted to $373 per ton, growing by 16% against the previous year. Over the period under review, the import price, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $527 per ton in 2012; however, from 2013 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 India ($400 per ton), while the price for Iran ($218 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Maize (Corn) in Iraq (FOB) - 2022

In 2022, the average export price for cereal groats and meal; of maize (corn)s amounted to $197 per ton, rising by 15% against the previous year. Over the period under review, the export price recorded a modest increase. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices reached the maximum at $396 per ton in 2017; however, from 2018 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 +1.8% per year.

Imports of Cereal Groats and Meal; of Maize (Corn) in Iraq

After two years of decline, overseas purchases of cereal groats and meal; of maize (corn)s increased by 1.6% to 37K tons in 2022. In general, imports, however, recorded a abrupt downturn.

In value terms, imports of cereal groats and meal; of maize (corn)s soared to $14M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Cereal Groats and Meal; of Maize (Corn) in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	10.5	8.9	10.6	12.4	5.7%
Iran	0.8	0.6	0.7	0.7	-4.4%
India	N/A	N/A	0.1	0.4	300.0%
Others	0.1	0.1	0.1	0.1	0.0%
Total	11.5	9.7	11.5	13.6	5.7%

Top Suppliers of Cereal Groats and Meal; of Maize (Corn) to Iraq in 2022:

Turkey (32.1K tons)
Iran (3.1K tons)
India (1.0K tons)

Exports of Cereal Groats and Meal; of Maize (Corn) in Iraq

In 2022, overseas shipments of cereal groats and meal; of maize (corn)s increased by 392% to 53 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp descent.

In value terms, exports of cereal groats and meal; of maize (corn)s skyrocketed to $11K in 2022. Over the period under review, exports, however, saw a drastic downturn.