Price for Pepper (of the Genus Piper), Crushed or Ground in Iraq - 2022

Contents:

  1. Price for Pepper (of the Genus Piper), Crushed or Ground in Iraq (CIF) - 2022
  2. Price for Pepper (of the Genus Piper), Crushed or Ground in Iraq (FOB) - 2022
  3. Imports of Pepper (of the Genus Piper), Crushed or Ground in Iraq
  4. Exports of Pepper (of the Genus Piper), Crushed or Ground in Iraq

Price for Pepper (of the Genus Piper), Crushed or Ground in Iraq (CIF) - 2022

The average import price for pepper (of the genus piper), crushed or ground stood at $2,091 per ton in 2022, shrinking by -10.3% against the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 15%. As a result, import price reached the peak level of $3,485 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Indonesia ($9,474 per ton), while the price for Iran ($511 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+34.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pepper (of the Genus Piper), Crushed or Ground in Iraq (FOB) - 2022

The average export price for pepper (of the genus piper), crushed or ground stood at $1,742 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 144%. The export price peaked at $5,545 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,988 per ton), while the average price for exports to Turkey totaled $1,560 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.5%).

Imports of Pepper (of the Genus Piper), Crushed or Ground in Iraq

For the fourth year in a row, Iraq recorded growth in purchases abroad of pepper (of the genus piper), crushed or ground, which increased by 7.6% to 208 tons in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 increased by +47.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Over the period under review, imports of pepper (of genus piper), crushed or ground attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of pepper (of the genus piper), crushed or ground declined to $434K in 2022. The total import value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 7.5%. As a result, imports reached the peak of $450K, and then reduced in the following year.

Import of Pepper (of the Genus Piper), Crushed or Ground in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates49.095.128828479.6%
VietnamN/AN/AN/A82.70%
Iran49.336.518.220.4-25.5%
Turkey16817596.114.8-55.5%
Netherlands51.825.614.18.4-45.5%
Others97.486.633.724.3-37.0%
Total4164194504341.4%

Top Suppliers of Pepper (of the Genus Piper), Crushed or Ground to Iraq in 2022:

  1. United Arab Emirates (108.6 tons)
  2. Vietnam (47.6 tons)
  3. Iran (40.0 tons)
  4. Turkey (5.3 tons)
  5. Netherlands (2.1 tons)

Exports of Pepper (of the Genus Piper), Crushed or Ground in Iraq

In 2022, overseas shipments of pepper (of the genus piper), crushed or ground decreased by -24.4% to 3.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,087% against the previous year.

In value terms, exports of pepper (of the genus piper), crushed or ground declined significantly to $5.6K in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,236% against the previous year.

Export of Pepper (of the Genus Piper), Crushed or Ground in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.33.81.92.9113.0%
NetherlandsN/AN/AN/A1.40%
CanadaN/AN/A5.5N/A0%
OthersN/AN/AN/A1.40%
Total0.33.87.45.6165.3%

Top Export Markets for Pepper (of the Genus Piper), Crushed or Ground from Iraq in 2022:

  1. Turkey (1.9 tons)
  2. Netherlands (0.7 tons)

Source: IndexBox Market Intelligence Platform

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