Spices; Saffron Price in Iraq - 2022
Contents:
- Spices; Saffron Price in Iraq (CIF) - 2022
- Spices; Saffron Price in Iraq (FOB) - 2022
- Spices; Saffron Imports in Iraq
- Spices; Saffron Exports in Iraq
Spices; Saffron Price in Iraq (CIF) - 2022
The average spices; saffron import price stood at $110,978 per ton in 2022, waning by -60.1% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2014 when the average import price increased by 272% against the previous year. As a result, import price reached the peak level of $1,340,354 per ton. From 2015 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 Iran ($497,695 per ton), while the price for the United Arab Emirates ($40,453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.7%), while the prices for the other major suppliers experienced a decline.
Spices; Saffron Price in Iraq (FOB) - 2022
In 2022, the average spices; saffron export price amounted to $100,163 per ton, declining by -29.5% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 368%. Over the period under review, the average export prices attained the peak figure at $142,162 per ton in 2021, and then dropped significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($360,500 per ton), while the average price for exports to Canada ($27,292 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+81.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in Iraq
In 2022, spices; saffron imports into Iraq soared to 1.3 tons, growing by 289% compared with the year before. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 391%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, spices; saffron imports skyrocketed to $140K in 2022. Overall, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 59% against the previous year. As a result, imports reached the peak of $190K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Saffron in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 85.5 | 110 | 81.0 | 94.6 | 3.4% |
| United Arab Emirates | 32.0 | 72.9 | 6.1 | 42.0 | 9.5% |
| Netherlands | 1.2 | 0.9 | 2.9 | 3.0 | 35.7% |
| India | N/A | 6.1 | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 0.2 | 0.3 | -9.1% |
| Total | 119 | 190 | 90.2 | 140 | 5.6% |
Top Suppliers of Spices; Saffron to Iraq in 2022:
- United Arab Emirates (1039.0 kg)
- Iran (190.0 kg)
- Netherlands (25.0 kg)
Spices; Saffron Exports in Iraq
Spices; saffron exports from Iraq surged to 196 kg in 2022, with an increase of 430% against the previous year. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 828% against the previous year. As a result, the exports reached the peak of 399 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; saffron exports soared to $20K in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 894%. As a result, the exports attained the peak of $34K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Saffron in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.1 | 5.4 | 4.3 | 17.2 | 456.1% |
| Canada | 0.2 | 0.9 | 0.3 | 0.7 | 51.8% |
| Croatia | 2.2 | 5.0 | 0.4 | 0.7 | -31.7% |
| Montenegro | 1.0 | 2.7 | 0.2 | 0.6 | -15.7% |
| Sweden | N/A | N/A | N/A | 0.5 | 0% |
| Vietnam | N/A | 16.5 | N/A | N/A | 0% |
| United States | N/A | 3.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.4 | 34.0 | 5.3 | 19.6 | 79.3% |
Top Export Markets for Spices; Saffron from Iraq in 2022:
- Germany (147.0 kg)
- Canada (24.0 kg)
- Sweden (12.0 kg)
- Montenegro (9.0 kg)
- Croatia (2.0 kg)
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