Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,691 per ton, growing by 11% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the peak figure at $2,770 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 China ($2,363 per ton), while the price for Spain ($431 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,781 per ton, increasing by 9% against the previous year. Overall, the export price, however, recorded a perceptible decline. The export price peaked at $2,948 per ton in 2019; however, from 2020 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 -2.4% per year.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq
Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Iraq skyrocketed to 810 tons in 2022, surging by 15% against the previous year. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 64%. As a result, imports attained the peak of 919 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $1.4M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71%. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 376 | 878 | 356 | 657 | 20.4% |
| India | 176 | 265 | 222 | 265 | 14.6% |
| Turkey | 278 | 430 | 343 | 254 | -3.0% |
| United Arab Emirates | 27.0 | 52.4 | 84.0 | 96.5 | 52.9% |
| Spain | 23.6 | 19.5 | 33.5 | 45.0 | 24.0% |
| Others | 90.7 | 21.2 | 35.7 | 52.8 | -16.5% |
| Total | 971 | 1,666 | 1,074 | 1,370 | 12.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Iraq in 2022:
- China (277.9 tons)
- India (242.5 tons)
- Turkey (133.0 tons)
- Spain (104.3 tons)
- United Arab Emirates (44.3 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq
Exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Iraq declined significantly to 60 tons in 2022, which is down by -30.6% compared with 2021. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 158% against the previous year. As a result, the exports reached the peak of 87 tons, and then declined markedly in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell rapidly to $107K in 2022. In general, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by 95% against the previous year. As a result, the exports attained the peak of $142K, and then dropped dramatically in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 115 | 72.2 | 135 | 107 | -2.4% |
| Others | N/A | 0.7 | 6.7 | N/A | 857.1% |
| Total | 115 | 72.9 | 142 | 107 | -2.4% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Iraq in 2022:
- Turkey (60.3 tons)
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