Iraq: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Iraq

The Iraqi market for fresh bread and miscellaneous bakery totaled $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Bread and Miscellaneous Bakery in Iraq

In value terms, fresh bread and miscellaneous bakery production stood at $X in 2023 estimated in export price. In general, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Fresh bread and miscellaneous bakery production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Fresh Bread and Miscellaneous Bakery

Exports from Iraq

In 2023, the amount of fresh bread and miscellaneous bakery exported from Iraq reduced slightly to X tons, remaining relatively unchanged against the previous year. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, fresh bread and miscellaneous bakery exports reduced to $X in 2023. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then declined in the following year.

Exports by Country

Turkey (X tons), the United Arab Emirates (X tons) and Australia (X tons) were the main destinations of fresh bread and miscellaneous bakery exports from Iraq, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Australia ($X) constituted the largest markets for fresh bread and miscellaneous bakery exported from Iraq worldwide, together accounting for X% of total exports.

Among the main countries of destination, Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for fresh bread and miscellaneous bakery amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh bread and miscellaneous bakery export price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Iraq

Fresh bread and miscellaneous bakery imports into Iraq soared to X tons in 2023, jumping by X% compared with the previous year's figure. In general, total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh bread and miscellaneous bakery imports expanded modestly to $X in 2023. Overall, total imports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Iran (X tons) and Syrian Arab Republic (X tons) were the main suppliers of fresh bread and miscellaneous bakery imports to Iraq, with a combined X% share of total imports. Saudi Arabia, the United Arab Emirates, Lebanon and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Lebanon (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of fresh bread and miscellaneous bakery to Iraq, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iran (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2023, the average import price for fresh bread and miscellaneous bakery amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lebanon ($X per ton), while the price for Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform