Price for Tobacco, (Not Stemmed or Stripped) in Iraq - 2022

Contents:

  1. Price for Tobacco, (Not Stemmed or Stripped) in Iraq (CIF) - 2022
  2. Price for Tobacco, (Not Stemmed or Stripped) in Iraq (FOB) - 2022
  3. Imports of Tobacco, (Not Stemmed or Stripped) in Iraq
  4. Exports of Tobacco, (Not Stemmed or Stripped) in Iraq

Price for Tobacco, (Not Stemmed or Stripped) in Iraq (CIF) - 2022

In 2022, the average import price for tobacco, (not stemmed or stripped)s amounted to $3,623 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, saw moderate growth. The pace of growth was the most pronounced in 2018 an increase of 78% against the previous year. The import price peaked at $3,666 per ton in 2021, and then declined in the following year.

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 the United Arab Emirates ($5,088 per ton), while the price for Iran amounted to $1,818 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+50.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Tobacco, (Not Stemmed or Stripped) in Iraq (FOB) - 2022

In 2022, the average export price for tobacco, (not stemmed or stripped)s amounted to $1,892 per ton, approximately equating the previous year. Overall, the export price saw a mild contraction. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure at $2,161 per ton in 2012; however, from 2013 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 Azerbaijan.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +5.9% per year.

Imports of Tobacco, (Not Stemmed or Stripped) in Iraq

In 2022, tobacco, (not stemmed or stripped) imports into Iraq expanded rapidly to 60 tons, increasing by 12% compared with 2021 figures. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 347% against the previous year. As a result, imports reached the peak of 66 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, tobacco, (not stemmed or stripped) imports totaled $217K in 2022. In general, imports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 366% against the previous year. As a result, imports reached the peak of $238K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Tobacco, (Not Stemmed or Stripped) in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates48.320116916951.8%
Iran2.736.827.648.9162.6%
OthersN/AN/A0.1N/A0%
Total51.123819721761.9%

Top Suppliers of Tobacco, (Not Stemmed or Stripped) to Iraq in 2022:

  1. United Arab Emirates (33.1 tons)
  2. Iran (26.9 tons)

Exports of Tobacco, (Not Stemmed or Stripped) in Iraq

In 2022, shipments abroad of tobacco, (not stemmed or stripped)s decreased by -8.3% to 60 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 +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 65 tons, and then declined in the following year.

In value terms, tobacco, (not stemmed or stripped) exports dropped to $113K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $123K, and then contracted in the following year.

Export of Tobacco, (Not Stemmed or Stripped) in Iraq (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan85.51031231139.7%
OthersN/AN/AN/AN/A0%
Total85.51031231139.7%

Top Export Markets for Tobacco, (Not Stemmed or Stripped) from Iraq in 2022:

  1. Azerbaijan (59.7 tons)

Source: IndexBox Market Intelligence Platform

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