Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,477 per ton in 2022, growing by 11% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +103.8% against 2014 indices. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
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 the United Arab Emirates ($3,991 per ton), while the price for India ($1,938 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,472 per ton in 2022, picking up by 35% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2020 an increase of 58%. As a result, the export price attained the peak level of $3,848 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($3,682 per ton), while the average price for exports to the United Arab Emirates ($1,703 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 Yemen (+49.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman
Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Oman rose sharply to 2.2K tons in 2022, picking up by 11% against 2021. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 19%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $5.3M in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 41%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.4 | 2.4 | 2.5 | 3.0 | 28.9% |
| United Arab Emirates | 1.0 | 1.0 | 1.4 | 1.7 | 19.3% |
| United States | N/A | 0.1 | N/A | 0.4 | 100.0% |
| Others | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Total | 2.6 | 3.6 | 4.3 | 5.3 | 26.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Oman in 2022:
- India (1558.1 tons)
- United Arab Emirates (415.4 tons)
- United States (94.1 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -13.2% to 103 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 119 tons, and then dropped in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $359K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 65% against the previous year. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 78.9 | 266 | 158 | 294 | 55.0% |
| Somalia | 13.4 | 37.2 | 61.9 | 44.6 | 49.3% |
| United Arab Emirates | 9.8 | 12.8 | 12.4 | 18.3 | 23.1% |
| Iran | 86.2 | N/A | N/A | N/A | 0% |
| Yemen | N/A | 6.8 | 59.5 | N/A | 775.0% |
| Others | 13.2 | 9.8 | 13.0 | 1.4 | -52.7% |
| Total | 202 | 332 | 305 | 359 | 21.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Oman in 2022:
- Qatar (80.0 tons)
- Somalia (12.1 tons)
- United Arab Emirates (10.7 tons)
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