Price for Cereals; Millet, Other than Seed in Iraq - 2022
Contents:
- Price for Cereals; Millet, Other than Seed in Iraq (CIF) - 2022
- Imports of Cereals; Millet, Other than Seed in Iraq
Price for Cereals; Millet, Other than Seed in Iraq (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $265 per ton, growing by 3.7% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of 58% against the previous year. Over the period under review, average import prices reached the peak figure at $479 per ton in 2012; however, from 2013 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 Turkey ($269 per ton), while the price for Ukraine ($163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-8.3%), while the prices for the other major suppliers experienced a decline.
Imports of Cereals; Millet, Other than Seed in Iraq
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -4.8% to 14K tons, falling for the second year in a row after two years of growth. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 163%. As a result, imports reached the peak of 17K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; millet, other than seed imports fell modestly to $3.8M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports reached the peak of $4.8M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Millet, Other than Seed in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,560 | 3,059 | 2,730 | 3,003 | 24.4% |
| Uzbekistan | 645 | 1,040 | 628 | 435 | -12.3% |
| Russia | 132 | 420 | 66.9 | 199 | 14.7% |
| Ukraine | 57.7 | 261 | 339 | 90.3 | 16.1% |
| Others | 134 | 33.6 | 46.7 | 36.7 | -35.1% |
| Total | 2,528 | 4,814 | 3,810 | 3,764 | 14.2% |
Top Suppliers of Cereals; Millet, Other than Seed to Iraq in 2022:
- Turkey (11.2K tons)
- Uzbekistan (1.6K tons)
- Russia (0.8K tons)
- Ukraine (0.6K tons)
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