Price for Meat of Bovine Animals; Frozen in Iraq - 2022

Price for Meat of Bovine Animals; Frozen in Iraq (CIF) - 2022

The average import price for meat of bovine animals; frozen stood at $2,593 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 8.2%. Over the period under review, average import prices attained the maximum at $3,023 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($6,635 per ton), while the price for India ($2,494 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Meat of Bovine Animals; Frozen in Iraq (FOB) - 2022

In 2022, the average export price for meat of bovine animals; frozen amounted to $4,187 per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices hit record highs at $8,994 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 +3.6% per year.

Imports of Meat of Bovine Animals; Frozen in Iraq

Meat of bovine animals; frozen imports into Iraq shrank to 75K tons in 2022, dropping by -14% compared with the year before. Overall, imports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of 88K tons, and then contracted in the following year.

In value terms, meat of bovine animals; frozen imports reduced to $196M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, imports attained the peak of $225M, and then fell in the following year.

Import of Meat of Bovine Animals; Frozen in Iraq (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	170	140	202	181	2.1%
Brazil	10.7	12.8	11.3	2.4	-39.2%
Others	15.0	14.1	11.4	12.2	-6.7%
Total	196	166	225	196	0.0%

Top Suppliers of Meat of Bovine Animals; Frozen to Iraq in 2022:

India (72.6K tons)
Brazil (0.4K tons)

Exports of Meat of Bovine Animals; Frozen in Iraq

In 2022, overseas shipments of meat of bovine animals; frozen decreased by -1.6% to 142 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 3.3% against the previous year. As a result, the exports reached the peak of 145 tons, and then fell slightly in the following year.

In value terms, meat of bovine animals; frozen exports dropped modestly to $596K in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 5.2% against the previous year.