Iraq: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Iraq

In 2022, the Iraqi lamb and sheep meat market increased by less than X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Lamb and Sheep Meat in Iraq

In value terms, lamb and sheep meat production reached $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of lamb and sheep meat in Iraq amounted to X kg per head, standing approx. at 2021 figures. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The lamb and sheep meat yield peaked at X kg per head in 2015; however, from 2016 to 2022, the yield failed to regain momentum.

In 2022, approx. X heads of animals slaughtered for lamb and sheep meat production in Iraq; remaining constant against the previous year's figure. Over the period under review, the number of producing animals recorded a mild decline. The most prominent rate of growth was recorded in 2017 when the number of producing animals increased by X%. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

Exports of Lamb and Sheep Meat

Exports from Iraq

In 2020, the amount of lamb and sheep meat exported from Iraq declined rapidly to X kg, waning by X% against the previous year's figure. Overall, exports recorded a precipitous shrinkage. The exports peaked at X tons in 2014; however, from 2015 to 2020, the exports failed to regain momentum.

In value terms, lamb and sheep meat exports dropped significantly to $X in 2020. In general, exports recorded a dramatic shrinkage. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X kg) was the main destination for lamb and sheep meat exports from Iraq, with a approx. X% share of total exports.

From 2014 to 2020, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for lamb and sheep meat exports from Iraq.

From 2014 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

In 2020, the average lamb and sheep meat export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price recorded a noticeable slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, 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 United Arab Emirates.

From 2014 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Lamb and Sheep Meat

Imports into Iraq

After two years of decline, overseas purchases of lamb and sheep meat increased by X% to X tons in 2022. Overall, imports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2022. Over the period under review, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of lamb and sheep meat to Iraq, with a X% share of total imports. Moreover, lamb and sheep meat imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Jordan (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (X% per year) and the Netherlands (X% per year).

In value terms, the United Arab Emirates ($X), Jordan ($X) and the Netherlands ($X) constituted the largest lamb and sheep meat suppliers to Iraq, with a combined X% share of total imports.

Among the main suppliers, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lamb and sheep meat import price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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