Raisin: Significant Increase in the Export of Iranian Raisin in May 2022

The export of Iranian raisins has increased by more than 65 percent in May compared to April this year. The most important reason for the increase in exports last month is the rise in export demand.

According to Iran customs statistics, the export rate of raisins in Iran has risen in May 2022 compared to April. 6,616 tons of raisins worth 9,226,000 USD were exported from Iran in May. 4,900 tons of raisins worth 5,430,000 USD were exported from Iran in April 2022. The export rate has grown by about 65 percent in terms of weight and by about 70 percent in terms of export value in May compared to April 2022. The most important reason for the increase in exports in May is the increase in export demand in May and after Ramadan, which was at the same time as April.

The export rate of this product has fallen sharply in May 2022 compared to the same period last year, despite the increase in the export of Iranian raisins in May compared to April this year. 12,183 tons of raisins worth 15,998,000 USD (1.31 USD per kg) were exported from Iran in May 2021. The export of the mentioned crop has decreased by 49 percent in terms of weight and by 42 percent in terms of export value in May 2022 compared to May 2021.

The most important reason for the sharp decline in exports of Iranian raisins is reducing the amount of available products and the supply of Iranian raisins in May this year compared to last year. The Iranian raisins supply declined in the market in May 2022 compared to May 2021. Increasing export demand compared to the raisins supply in the market in May this year led to a 6.1 percent increase in export prices compared to May 2021. The average price per kg of Iranian raisins for export increased in May this year. It has reached 1.39 USD per kg from 1.31 USD per kilogram.

Compared to last month, the price of Iranian raisins has declined in the world market due to rising foreign exchange rates against the Rial. The foreign exchange rates have increased in the Iranian market, and the price of Iranian raisins has declined in the world markets due to losing hopes for the revival of the JCPOA agreement and removing US sanctions on Iran, which was because of the statements of the Board of Governors of the International Atomic Energy Agency against Iran, and reducing Iran’s cooperation with the IAEA, as well as disconnecting many of the IAEA’s surveillance cameras.

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