MARKET BACKGROUND

IRAQ ….

Agrofood & Packaging Markets… Flourishing Indicators

Revenue in the Dairy Products & Eggs market amounts to US$4,281.00m in 2024. The market is expected to grow annually by 6.33% (CAGR 2024-2028).

Iraq’s imports of Agricultural Technologies will increase with an annual growth rate of 7.4%.

There are 4,828 registered farms in Iraq, while Iraqi livestock production is set to reach 3.2 million heads by 2026, growing at an average of 0.1% year on year.

With more than $ 900 million in yearly production ( whole and cut combined ), chicken meat is the product with the highest projected demand in Iraq.

The Iraqi government intends to promote a growth rate of 8.4% in the agricultural sector by 2024, as the second-highest of any targeted sector.

The nominal value in the Agricultural Product Derivatives market in Iraq is forecasted to reach US$2.44bn in 2024.

Agricultural Product Derivatives market is anticipated to demonstrate an annual growth rate (CAGR 2024-2028) of 4.05%, resulting in a projected total amount of US$2.86bn by 2028.