Milled Rice Price in Iraq - 2022
Contents:
- Milled Rice Price in Iraq (CIF) - 2022
- Milled Rice Price in Iraq (FOB) - 2022
- Milled Rice Imports in Iraq
- Milled Rice Exports in Iraq
Milled Rice Price in Iraq (CIF) - 2022
The average milled rice import price stood at $632 per ton in 2022, picking up by 3.4% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28%. The import price peaked at $755 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 India ($1,138 per ton), while the price for Argentina ($578 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 States (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Iraq (FOB) - 2022
The average milled rice export price stood at $1,338 per ton in 2022, picking up by 14% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, milled rice export price increased by +48.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 88%. The export price peaked at $1,828 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($2,638 per ton), while the average price for exports to the United Arab Emirates ($277 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 Sweden (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.
Milled Rice Imports in Iraq
In 2022, the amount of semi-milled or wholly milled (bleached) rice imported into Iraq rose slightly to 1.5M tons, growing by 4.6% against the year before. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, milled rice imports totaled $977M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Milled Rice in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 478 | 494 | 488 | 253 | -19.1% |
| Thailand | 34.8 | 8.4 | 106 | 81.4 | 32.7% |
| Uruguay | 27.7 | 41.6 | 67.4 | 58.2 | 28.1% |
| Vietnam | 156 | 39.9 | 53.8 | 48.1 | -32.4% |
| United States | 72.6 | 49.2 | 42.8 | 42.4 | -16.4% |
| Argentina | 14.5 | 12.2 | 13.8 | 10.7 | -9.6% |
| Turkey | 29.0 | 31.2 | 20.4 | 7.6 | -36.0% |
| Others | 44.3 | 15.3 | 112 | 475 | 120.5% |
| Total | 858 | 692 | 904 | 977 | 4.4% |
Top Suppliers of Milled Rice to Iraq in 2022:
- India (222.4K tons)
- Thailand (129.8K tons)
- Uruguay (83.6K tons)
- Vietnam (76.9K tons)
- United States (52.1K tons)
- Argentina (18.6K tons)
- Turkey (8.5K tons)
Milled Rice Exports in Iraq
For the fourth year in a row, Iraq recorded growth in shipments abroad of semi-milled or wholly milled (bleached) rice, which increased by 180% to 333 tons in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice exports skyrocketed to $445K in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Milled Rice in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 32.6 | 68.3 | 109.5% |
| United States | N/A | N/A | N/A | 58.6 | 0% |
| Saudi Arabia | 60.3 | 55.1 | 30.7 | 57.6 | -1.5% |
| United Kingdom | N/A | N/A | N/A | 55.6 | 0% |
| Germany | 5.8 | 23.0 | 12.0 | 33.8 | 80.0% |
| Netherlands | N/A | N/A | 0.5 | 16.4 | 3180.0% |
| United Arab Emirates | 0.6 | 2.6 | 6.1 | 11.3 | 166.1% |
| Others | 13.5 | 63.3 | 57.5 | 144 | 120.1% |
| Total | 80.2 | 144 | 139 | 445 | 77.0% |
Top Export Markets for Milled Rice from Iraq in 2022:
- Saudi Arabia (60.4 tons)
- United Kingdom (42.9 tons)
- United Arab Emirates (41.0 tons)
- United States (32.2 tons)
- Sweden (25.9 tons)
- Germany (23.5 tons)
- Netherlands (21.2 tons)
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