Spices; Turmeric (Curcuma) Price in Iraq - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Iraq (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Iraq (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Iraq
- Spices; Turmeric (Curcuma) Exports in Iraq
Spices; Turmeric (Curcuma) Price in Iraq (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $970 per ton, rising by 3.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $1,242 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($1,108 per ton), while the price for Ethiopia ($582 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.
Spices; Turmeric (Curcuma) Price in Iraq (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $3,145 per ton, waning by -5.4% against the previous year. In general, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the average export price decreased by -0.5% against the previous year. Over the period under review, the average export prices attained the maximum at $3,548 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2019 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -3.8% per year.
Spices; Turmeric (Curcuma) Imports in Iraq
Spices; turmeric (curcuma) imports into Iraq reduced rapidly to 4.2K tons in 2022, dropping by -20.8% compared with the previous year's figure. Overall, imports recorded a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, imports reached the peak of 5.3K tons, and then shrank rapidly in the following year.
In value terms, spices; turmeric (curcuma) imports reduced rapidly to $4.1M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of $5M, and then fell dramatically in the following year.
| Import of Spices; Turmeric (Curcuma) in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 3.4 | 4.4 | 3.7 | 0.0% |
| Ethiopia | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| United Arab Emirates | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.2 | 3.7 | 5.0 | 4.1 | -0.8% |
Top Suppliers of Spices; Turmeric (Curcuma) to Iraq in 2022:
- India (3.8K tons)
- Ethiopia (0.3K tons)
- United Arab Emirates (0.1K tons)
Spices; Turmeric (Curcuma) Exports in Iraq
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; turmeric (curcuma), when their volume decreased by -74.9% to 365 kg. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 528% against the previous year.
In value terms, spices; turmeric (curcuma) exports contracted rapidly to $1.1K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 491% against the previous year.
| Export of Spices; Turmeric (Curcuma) in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.2 | 2.6 | 1.2 | 0.6 | 44.2% |
| Canada | N/A | N/A | 1.1 | N/A | 0% |
| Turkey | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.2 | N/A | 1.2 | 0.6 | 44.2% |
| Total | 0.4 | 2.6 | 4.8 | 1.1 | 40.1% |
Top Export Markets for Spices; Turmeric (Curcuma) from Iraq in 2022:
- Netherlands (182.0 kg)
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