Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq - 2022
Contents:
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (CIF) - 2022
- Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (FOB) - 2022
- Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq
- Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (CIF) - 2022
The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,235 per ton in 2022, with a decrease of -7.8% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 an increase of 28%. The import price peaked at $1,578 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($1,459 per ton), while the price for Indonesia ($890 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (FOB) - 2022
The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,167 per ton in 2022, shrinking by -20% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2021 an increase of 58% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,990 per ton in 2012; however, from 2013 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 -6.2% per year.
Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq
In 2022, approx. 66K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Iraq; waning by -21.9% against the previous year. Overall, imports showed a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 78%. As a result, imports attained the peak of 85K tons, and then contracted significantly in the following year.
In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats reduced notably to $82M in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 127%. As a result, imports reached the peak of $114M, and then reduced markedly in the following year.
| Import of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 41.5 | 30.5 | 86.7 | 64.4 | 15.8% |
| Malaysia | 9.1 | 3.6 | 6.4 | 5.3 | -16.5% |
| Egypt | 5.0 | 7.9 | 9.4 | 4.1 | -6.4% |
| Indonesia | 0.3 | 0.9 | 3.6 | 2.6 | 105.4% |
| Azerbaijan | 5.9 | 4.6 | 4.0 | 1.9 | -31.5% |
| Others | 2.2 | 2.7 | 3.5 | 3.6 | 17.8% |
| Total | 63.9 | 50.1 | 114 | 81.8 | 8.6% |
Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Iraq in 2022:
- Turkey (50.9K tons)
- Malaysia (5.6K tons)
- Indonesia (2.9K tons)
- Egypt (2.8K tons)
- Azerbaijan (1.6K tons)
Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq
In 2022, the amount of liquid margarine and edible mixtures of animal or vegetable fats exported from Iraq rose significantly to 74 tons, with an increase of 11% on the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 82 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats dropped to $87K in 2022. In general, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.8% 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 +76.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 54% against the previous year.
| Export of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 49.2 | 75.6 | 98.1 | 77.3 | 16.3% |
| Others | N/A | N/A | N/A | 9.6 | 0% |
| Total | 49.2 | 75.6 | 98.1 | 86.8 | 20.8% |
Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Iraq in 2022:
- Turkey (73.3 tons)
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