Price for Spices; Cardamoms, Crushed or Ground in Oman - 2021
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Oman (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Oman (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Oman
- Exports of Spices; Cardamoms, Crushed or Ground in Oman
Price for Spices; Cardamoms, Crushed or Ground in Oman (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $7,648 per ton in 2022, with an increase of 8.7% against the previous year. Overall, the import price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the maximum at $13,386 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($19,437 per ton), while the price for the United Arab Emirates ($5,349 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Crushed or Ground in Oman (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $19,185 per ton, growing by 51% against the previous year. Over the period under review, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 82%. The export price peaked at $25,314 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Qatar.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +73.4% per year.
Imports of Spices; Cardamoms, Crushed or Ground in Oman
In 2022, purchases abroad of spices; cardamoms, crushed or ground decreased by -12.2% to 46 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year.
In value terms, spices; cardamoms, crushed or ground imports fell to $350K in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year.
| Import of Spices; Cardamoms, Crushed or Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 275 | 165 | 133 | 190 | -11.6% |
| Kuwait | 9.8 | 117 | 172 | 109 | 123.2% |
| Pakistan | 4.2 | 6.8 | 36.9 | 23.2 | 76.8% |
| India | 8.8 | 36.8 | 14.9 | 22.4 | 36.5% |
| Others | 2.0 | 7.5 | 9.3 | 5.9 | 43.4% |
| Total | 300 | 333 | 366 | 350 | 5.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Oman in 2022:
- United Arab Emirates (35.4 tons)
- Kuwait (7.0 tons)
- Pakistan (1.4 tons)
- India (1.2 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Oman
In 2022, overseas shipments of spices; cardamoms, crushed or ground were finally on the rise to reach 2.1 tons after two years of decline. In general, exports, however, showed a precipitous setback.
In value terms, spices; cardamoms, crushed or ground exports soared to $41K in 2022. Over the period under review, exports, however, recorded a precipitous curtailment.
| Export of Spices; Cardamoms, Crushed or Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 88.5 | 55.2 | 23.5 | 40.7 | -22.8% |
| Yemen | N/A | N/A | 2.7 | N/A | 0% |
| United Arab Emirates | 168 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 257 | 55.2 | 26.2 | 40.7 | -45.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Oman in 2022:
- Qatar (2.1 tons)
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