Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,248 per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,228 per ton), while the price for China amounted to $1,920 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,286 per ton in 2022, declining by -19.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 44%. Over the period under review, the average export prices reached the peak figure at $2,842 per ton in 2021, and then shrank sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($3,315 per ton), while the average price for exports to Iran ($941 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 Hong Kong SAR (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates
After three years of growth, purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -14.6% to 10K tons in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 14% against the previous year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank slightly to $23M in 2022. The total import value increased at an average annual rate of +12.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 42%.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.8 | 20.3 | 20.2 | 19.3 | 11.8% |
| China | 0.7 | 0.6 | 1.1 | 2.1 | 44.2% |
| Spain | 0.6 | 0.7 | 0.6 | 0.3 | -20.6% |
| Others | 0.9 | 1.1 | 1.2 | 1.2 | 10.1% |
| Total | 16.0 | 22.7 | 23.1 | 22.9 | 12.7% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to the United Arab Emirates in 2022:
- India (8.7K tons)
- China (1.1K tons)
- Spain (0.1K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates
For the fourth year in a row, the United Arab Emirates recorded growth in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 76% to 2.2K tons in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $5M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 905 | 1,065 | 1,182 | 1,458 | 17.2% |
| India | 7.0 | 91.3 | 709 | 938 | 411.7% |
| Yemen | 18.7 | 38.8 | 65.2 | 534 | 205.7% |
| Saudi Arabia | 254 | 260 | 70.7 | 283 | 3.7% |
| Pakistan | 28.6 | 69.8 | 97.1 | 260 | 108.7% |
| Kuwait | 6.6 | 9.9 | 8.5 | 226 | 224.7% |
| Armenia | 222 | 101 | 133 | 158 | -10.7% |
| Bahrain | 49.1 | 170 | 265 | 143 | 42.8% |
| Iraq | 23.5 | 66.4 | 94.2 | 127 | 75.5% |
| Iran | 49.2 | 51.1 | 68.3 | 89.6 | 22.1% |
| Azerbaijan | 10.3 | 6.5 | 23.5 | 80.3 | 98.3% |
| Others | 497 | 486 | 785 | 659 | 9.9% |
| Total | 2,070 | 2,416 | 3,502 | 4,957 | 33.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from the United Arab Emirates in 2022:
- Oman (466.9 tons)
- India (443.3 tons)
- Yemen (406.1 tons)
- Saudi Arabia (184.6 tons)
- Iran (95.1 tons)
- Armenia (93.6 tons)
- Kuwait (88.5 tons)
- Pakistan (83.5 tons)
- Iraq (62.5 tons)
- Bahrain (43.2 tons)
- Azerbaijan (39.1 tons)
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