Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,362 per ton in December 2022, waning by -12% against the previous month. Over the period from January 2022 to December 2022, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 43% month-to-month. As a result, import price attained the peak level of $4,236 per ton. From March 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Pakistan ($6,012 per ton), while the price for China ($1,935 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $10,250 per ton in December 2022, waning by -59.9% against the previous month. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in April 2022 when the average export price increased by 627% month-to-month. As a result, the export price reached the peak level of $54,628 per ton. From May 2022 to December 2022, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In December 2022, the countries with the highest prices were Yemen ($5,458 per ton) and Somalia ($4,358 per ton), while the average price for exports to Qatar ($4,038 per ton) and the United Arab Emirates ($4,358 per ton) were amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman
In 2022, overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -26.8% to 11K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses expanded slightly to $26M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 -19.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports reached the peak of $33M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 6.8 | 9.2 | 8.3 | 10.5 | 15.6% |
| India | 6.0 | 6.7 | 5.4 | 5.8 | -1.1% |
| China | 3.7 | 6.0 | 5.9 | 3.5 | -1.8% |
| Bangladesh | 0.1 | N/A | 0.2 | 1.2 | 128.9% |
| Pakistan | 1.0 | 1.1 | 1.3 | 1.1 | 3.2% |
| Sri Lanka | 0.3 | 0.8 | 0.6 | 0.3 | 0.0% |
| Others | 2.7 | 8.8 | 4.0 | 3.9 | 13.0% |
| Total | 20.6 | 32.5 | 25.7 | 26.3 | 8.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Oman in 2022:
- China (4.0K tons)
- United Arab Emirates (2.9K tons)
- India (1.7K tons)
- Bangladesh (1.2K tons)
- Sri Lanka (0.3K tons)
- Pakistan (0.2K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman
In 2022, shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -57% to 363 tons, falling for the second year in a row after two years of growth. In general, exports saw a dramatic descent. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. As a result, the exports reached the peak of 2.1K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2.9M in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 385% against the previous year. As a result, the exports attained the peak of $7.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 105 | 4,394 | 1,065 | 1,457 | 140.3% |
| Qatar | 733 | 1,148 | 367 | 594 | -6.8% |
| Somalia | 20.9 | 268 | 59.2 | 150 | 92.9% |
| United Arab Emirates | 343 | 550 | 46.8 | 39.0 | -51.6% |
| Yemen | 51.5 | 575 | 333 | 33.6 | -13.3% |
| Sudan | 180 | 13.4 | N/A | N/A | -92.6% |
| Others | 63.4 | 304 | 988 | 668 | 119.2% |
| Total | 1,496 | 7,253 | 2,858 | 2,942 | 25.3% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Oman in 2022:
- Qatar (154.0 tons)
- United Arab Emirates (58.8 tons)
- Saudi Arabia (54.7 tons)
- Yemen (42.8 tons)
- Somalia (35.5 tons)
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