Spices; Mixtures Price in the United Arab Emirates - 2021
Contents:
- Spices; Mixtures Price in the United Arab Emirates (CIF) - 2022
- Spices; Mixtures Price in the United Arab Emirates (FOB) - 2022
- Spices; Mixtures Imports in the United Arab Emirates
- Spices; Mixtures Exports in the United Arab Emirates
Spices; Mixtures Price in the United Arab Emirates (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $4,516 per ton, picking up by 5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. The import price peaked at $4,748 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($5,514 per ton), while the price for India amounted to $4,371 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in the United Arab Emirates (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $4,745 per ton, picking up by 3.2% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2015 when the average export price increased by 103%. Over the period under review, the average export prices attained the maximum at $5,164 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Singapore ($5,290 per ton) and Germany ($4,975 per ton), while the average price for exports to Bahrain ($4,285 per ton) and Canada ($4,556 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in the United Arab Emirates
Spices; mixtures imports into the United Arab Emirates contracted slightly to 4.7K tons in 2022, standing approx. at the previous year. Overall, imports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 3.1% against the previous year.
In value terms, spices; mixtures imports expanded slightly to $21M in 2022. In general, imports recorded a pronounced reduction.
| Import of Spices; Mixtures in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.2 | 12.2 | 10.0 | 18.7 | 18.6% |
| South Africa | 0.2 | 0.5 | 0.3 | 0.5 | 35.7% |
| Pakistan | 7.6 | 5.2 | 4.2 | N/A | -25.7% |
| Bahrain | 1.9 | 2.4 | 1.1 | N/A | -23.9% |
| Others | 2.0 | 1.8 | 5.0 | 2.0 | 0.0% |
| Total | 23.1 | 21.9 | 20.5 | 21.2 | -2.8% |
Top Suppliers of Spices; Mixtures to the United Arab Emirates in 2022:
- India (4.3K tons)
- South Africa (0.1K tons)
Spices; Mixtures Exports in the United Arab Emirates
In 2022, after three years of growth, there was decline in shipments abroad of spices; mixtureses, when their volume decreased by -4.6% to 2.7K tons. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year.
In value terms, spices; mixtures exports declined to $13M in 2022. The total export value increased at an average annual rate of +11.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 36%.
| Export of Spices; Mixtures in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 3.2 | 2.0 | 4.0 | 28.2% |
| India | 0.2 | 1.9 | 2.3 | 2.7 | 138.1% |
| United Kingdom | 1.0 | 1.3 | 1.2 | 2.6 | 37.5% |
| Canada | 1.3 | 0.7 | 0.8 | 1.1 | -5.4% |
| Singapore | 0.5 | 0.4 | 0.4 | 0.6 | 6.3% |
| Germany | 0.4 | 0.3 | 0.7 | 0.5 | 7.7% |
| Bahrain | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Kuwait | 0.1 | 0.5 | 0.3 | N/A | 73.2% |
| Oman | 0.9 | 1.8 | 1.1 | N/A | 10.6% |
| Saudi Arabia | 0.5 | 1.3 | 2.2 | N/A | 109.8% |
| Others | 2.2 | 1.1 | 2.1 | 1.3 | -16.1% |
| Total | 9.3 | 12.7 | 13.1 | 12.9 | 11.5% |
Top Export Markets for Spices; Mixtures from the United Arab Emirates in 2022:
- United States (825.6 tons)
- United Kingdom (555.9 tons)
- India (539.8 tons)
- Canada (237.1 tons)
- Singapore (113.2 tons)
- Germany (102.3 tons)
- Bahrain (48.1 tons)
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