Price for Spices; Ginger, Crushed or Ground in Saudi Arabia - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Saudi Arabia (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Saudi Arabia (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Saudi Arabia
- Exports of Spices; Ginger, Crushed or Ground in Saudi Arabia
Price for Spices; Ginger, Crushed or Ground in Saudi Arabia (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $2,690 per ton in 2022, approximately reflecting the previous year. Over the period under review, the import price showed pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of 11%. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,723 per ton), while the price for the United Arab Emirates ($1,213 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Saudi Arabia (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $1,559 per ton, waning by -4.8% against the previous year. Overall, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,192 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($3,311 per ton), while the average price for exports to the United Arab Emirates ($456 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Saudi Arabia
In 2022, imports of spices; ginger, crushed or ground into Saudi Arabia dropped remarkably to 1.2K tons, shrinking by -50% on 2021. In general, imports saw a precipitous descent.
In value terms, spices; ginger, crushed or ground imports fell notably to $3.3M in 2022. Overall, imports recorded a sharp descent.
| Import of Spices; Ginger, Crushed or Ground in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Nigeria | 2.7 | 1.8 | -33.3% | ||
| China | 1.2 | 0.8 | -33.3% | ||
| United Arab Emirates | N/A | 0.5 | 0% | ||
| India | 1.8 | N/A | 0% | ||
| Others | 0.8 | 0.1 | -87.5% | ||
| Total | 6.5 | 3.3 | -49.2% | ||
Top Suppliers of Spices; Ginger, Crushed or Ground to Saudi Arabia in 2022:
- Nigeria (569.0 tons)
- United Arab Emirates (404.9 tons)
- China (209.0 tons)
- India (6.5 tons)
Exports of Spices; Ginger, Crushed or Ground in Saudi Arabia
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -9.9% to 75 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 433% against the previous year.
In value terms, spices; ginger, crushed or ground exports reduced to $117K in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 640%.
| Export of Spices; Ginger, Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 6.5 | 63.1 | 62.3 | 51.6 | 99.5% |
| Kuwait | 0.2 | 5.6 | 45.7 | 37.4 | 471.8% |
| Jordan | 0.6 | 8.1 | 6.1 | 9.0 | 146.6% |
| United Arab Emirates | 2.7 | 5.3 | 2.0 | 7.4 | 39.9% |
| Oman | 1.1 | 1.0 | 6.8 | 5.6 | 72.0% |
| Others | 2.1 | 14.9 | 13.9 | 6.5 | 45.7% |
| Total | 13.2 | 98.0 | 137 | 117 | 107.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Saudi Arabia in 2022:
- Yemen (33.0 tons)
- United Arab Emirates (16.2 tons)
- Kuwait (13.1 tons)
- Oman (7.8 tons)
- Jordan (2.7 tons)
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