Price for Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $24,893 per ton, picking up by 14% against the previous year. Over the period under review, the import price posted prominent growth. The growth pace was the most rapid in 2017 an increase of 63%. Over the period under review, average import prices reached the maximum at $27,387 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($26,545 per ton), while the price for Guatemala totaled $24,608 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+8.8%).
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $18,690 per ton in 2022, falling by -3.8% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 109%. Over the period under review, the average export prices hit record highs at $19,420 per ton in 2021, and then reduced modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($37,192 per ton), while the average price for exports to India ($15,698 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 Sudan (+51.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia
After three years of growth, purchases abroad of spices; cardamoms, neither crushed nor ground decreased by -3% to 9.5K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year.
In value terms, imports of spices; cardamoms, neither crushed nor ground totaled $236M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 117% against the previous year. As a result, imports attained the peak of $260M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 117 | 244 | 173 | 193 | 18.2% |
| India | 1.5 | 13.8 | 38.0 | 41.9 | 203.4% |
| Others | 1.3 | 1.9 | 1.6 | 1.2 | -2.6% |
| Total | 120 | 260 | 213 | 236 | 25.3% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Saudi Arabia in 2022:
- Guatemala (7.9K tons)
- India (1.6K tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia
In 2022, the amount of spices; cardamoms, neither crushed nor ground exported from Saudi Arabia surged to 818 tons, with an increase of 31% against the previous year. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 559%. As a result, the exports attained the peak of 990 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $15M in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 639% against the previous year. As a result, the exports reached the peak of $18M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| India | N/A | N/A | 9.0 | 0% | |
| Bahrain | N/A | 0.3 | 2.7 | 800.0% | |
| Germany | N/A | N/A | 1.7 | 0% | |
| Oman | 3.6 | N/A | 1.2 | -42.3% | |
| Jordan | 1.1 | 0.9 | 0.4 | -39.7% | |
| Kuwait | 4.7 | 2.7 | N/A | -42.6% | |
| United Arab Emirates | 2.3 | 1.3 | N/A | -43.5% | |
| Yemen | 4.5 | 6.5 | N/A | 44.4% | |
| Others | 2.3 | 0.4 | 0.3 | -63.9% | |
| Total | 18.5 | 12.1 | 15.3 | -9.1% | |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Saudi Arabia in 2022:
- India (576.1 tons)
- Bahrain (132.3 tons)
- Germany (46.1 tons)
- Oman (36.3 tons)
- Jordan (12.3 tons)
774
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Saudi Arabia.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
774
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Saudi Arabia.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8415
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3858
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8415
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3858
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
