Price for Spices; Ginger, Neither Crushed Nor Ground in Bahrain - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Bahrain (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Bahrain (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Bahrain
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Bahrain
Price for Spices; Ginger, Neither Crushed Nor Ground in Bahrain (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,032 per ton in 2022, falling by -16.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $1,469 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,397 per ton), while the price for the United Arab Emirates ($976 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Bahrain (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $7,839 per ton in 2022, growing by 26% against the previous year. In general, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of 1,256%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($9,036 per ton), while the average price for exports to Saudi Arabia ($4,808 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Bahrain
In 2022, imports of spices; ginger, neither crushed nor ground into Bahrain rose sharply to 2.9K tons, surging by 8.4% on the year before. The total import volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; ginger, neither crushed nor ground fell to $3M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of $4.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Bahrain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 2.8 | 2.0 | 2.6 | 15.2% |
| India | N/A | 0.2 | 0.3 | 0.4 | 41.4% |
| United Arab Emirates | 0.9 | 1.0 | 1.0 | N/A | 5.4% |
| Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Total | 2.7 | 4.2 | 3.3 | 3.0 | 3.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Bahrain in 2022:
- China (2608.2 tons)
- India (253.6 tons)
- United Arab Emirates (33.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Bahrain
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -82.4% to 822 kg, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 9,801% against the previous year. As a result, the exports attained the peak of 61 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground reduced notably to $6.4K in 2022. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,513% against the previous year. As a result, the exports reached the peak of $116K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.9 | 6.7 | 22.3 | 3.3 | 4.4% |
| Oman | 1.6 | 0.3 | N/A | 3.0 | 23.3% |
| Saudi Arabia | N/A | 43.0 | 6.0 | 0.1 | -95.2% |
| Kuwait | N/A | 54.3 | N/A | N/A | 0% |
| United States | N/A | 11.9 | N/A | N/A | 0% |
| Others | N/A | 0.2 | 0.6 | 0.1 | -29.3% |
| Total | 4.5 | 116 | 29.0 | 6.4 | 12.5% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Bahrain in 2022:
- United Arab Emirates (450.0 kg)
- Oman (331.0 kg)
- Saudi Arabia (26.0 kg)
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