Price for Spices; Cardamoms, Neither Crushed Nor Ground in Iraq - 2022

Contents:

1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Iraq (CIF) - 2022
2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Iraq (FOB) - 2022
3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Iraq
4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Iraq

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Iraq (CIF) - 2022

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $17,127 per ton, rising by 11% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 86%. Over the period under review, average import prices reached the maximum at $19,299 per ton in 2019; however, from 2020 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 India ($25,485 per ton), while the price for Guatemala ($9,555 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Iraq (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $16,732 per ton in 2022, reducing by -9.9% against the previous year. Overall, the export price, however, continues to indicate moderate growth. Over the period under review, the average export prices hit record highs at $18,574 per ton in 2021, and then declined in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($18,495 per ton), while the average price for exports to Germany stood at $9,364 per ton.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-49.6%).

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Iraq

In 2022, approx. 934 tons of spices; cardamoms, neither crushed nor ground were imported into Iraq; with a decrease of -13.5% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 1.1K tons, and then reduced in the following year.

In value terms, imports of spices; cardamoms, neither crushed nor ground declined to $16M in 2022. Over the period under review, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 8.8% against the previous year.

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Iraq in 2022:

1. United Arab Emirates (466.5 tons)
2. Guatemala (269.4 tons)
3. India (158.0 tons)
4. Jordan (40.1 tons)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Iraq

After two years of decline, overseas shipments of spices; cardamoms, neither crushed nor ground decreased by -9.2% to 228 kg in 2022. Over the period under review, exports, however, showed a significant expansion.

In value terms, exports of spices; cardamoms, neither crushed nor ground shrank remarkably to $3.8K in 2022. In general, exports, however, posted a significant increase.

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Iraq in 2022:

1. Sweden (184.0 kg)
2. Germany (44.0 kg)

Source: IndexBox Market Intelligence Platform