Price for Spices; Ginger, Crushed or Ground in the United Arab Emirates - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in the United Arab Emirates (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in the United Arab Emirates (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in the United Arab Emirates
- Imports of Spices; Ginger, Crushed or Ground in the United Arab Emirates
Price for Spices; Ginger, Crushed or Ground in the United Arab Emirates (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $1,605 per ton in 2022, waning by -17.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 37%. As a result, the export price reached the peak level of $1,950 per ton, and then dropped rapidly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Somalia ($3,373 per ton), while the average price for exports to Bahrain ($1,085 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 Italy (+92.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in the United Arab Emirates (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $1,749 per ton in 2022, standing approx. at the previous year. In general, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2019 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $3,392 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($5,589 per ton), while the price for Myanmar ($1,045 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.2%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Ginger, Crushed or Ground in the United Arab Emirates
In 2022, exports of spices; ginger, crushed or ground from the United Arab Emirates soared to 174 tons, with an increase of 99% against the year before. In general, exports, however, recorded a pronounced descent.
In value terms, spices; ginger, crushed or ground exports surged to $279K in 2022. Over the period under review, exports saw a relatively flat trend pattern.
| Export of Spices; Ginger, Crushed or Ground in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 20.3 | 69.2 | 52.1 | 76.1 | 55.3% |
| Yemen | 14.9 | 42.0 | 50.2 | 73.2 | 70.0% |
| Saudi Arabia | 86.8 | 73.3 | 10.6 | 29.6 | -30.1% |
| Kuwait | 91.0 | 81.7 | 5.9 | 29.2 | -31.5% |
| Somalia | 12.2 | 18.5 | 16.2 | 23.6 | 24.6% |
| Iran | 2.4 | 15.1 | 8.7 | 12.7 | 74.3% |
| Bahrain | 7.8 | 9.4 | 0.8 | 3.0 | -27.3% |
| Others | 36.3 | 77.3 | 26.2 | 31.4 | -4.7% |
| Total | 272 | 386 | 171 | 279 | 0.9% |
Top Export Markets for Spices; Ginger, Crushed or Ground from the United Arab Emirates in 2022:
- Yemen (59.4 tons)
- Oman (43.4 tons)
- Saudi Arabia (25.1 tons)
- Kuwait (20.3 tons)
- Somalia (7.0 tons)
- Iran (4.4 tons)
- Bahrain (2.8 tons)
Imports of Spices; Ginger, Crushed or Ground in the United Arab Emirates
Spices; ginger, crushed or ground imports into the United Arab Emirates declined remarkably to 768 tons in 2022, reducing by -25.7% on the previous year's figure. In general, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 167% against the previous year. As a result, imports attained the peak of 1K tons, and then contracted dramatically in the following year.
In value terms, spices; ginger, crushed or ground imports declined notably to $1.3M in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 103%. As a result, imports reached the peak of $1.8M, and then fell notably in the following year.
| Import of Spices; Ginger, Crushed or Ground in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 230 | 180 | 701 | 545 | 33.3% |
| China | 159 | 329 | 364 | 282 | 21.0% |
| Nigeria | 337 | 169 | 232 | 215 | -13.9% |
| Thailand | 117 | 20.6 | 58.6 | 45.5 | -27.0% |
| Myanmar | 85.0 | 21.7 | 49.0 | 38.1 | -23.5% |
| Pakistan | 110 | 16.7 | 33.7 | 27.1 | -37.3% |
| Others | 237 | 149 | 362 | 190 | -7.1% |
| Total | 1,275 | 886 | 1,800 | 1,343 | 1.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to the United Arab Emirates in 2022:
- India (297.4 tons)
- China (221.4 tons)
- Nigeria (163.6 tons)
- Myanmar (36.4 tons)
- Thailand (11.0 tons)
- Pakistan (6.4 tons)
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