Price for Spices; Ginger, Neither Crushed Nor Ground in Oman - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Oman (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Oman (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Oman
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Oman
Price for Spices; Ginger, Neither Crushed Nor Ground in Oman (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,373 per ton, jumping by 26% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2014 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($1,924 per ton), while the price for China ($1,041 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 Arab Emirates (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Oman (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,376 per ton in 2022, increasing by 68% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($1,376 per ton) and Yemen ($1,376 per ton), while the average price for exports to Free Zones ($1,376 per ton) and Qatar ($1,376 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Oman
In 2022, purchases abroad of spices; ginger, neither crushed nor ground decreased by -23.1% to 5.4K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of 8.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; ginger, neither crushed nor ground declined modestly to $7.5M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 -9.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, imports reached the peak of $8.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Oman (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 5.6 | 4.5 | 3.5 | -1.8% |
| United Arab Emirates | 1.0 | 1.5 | 2.2 | 3.2 | 47.4% |
| India | 0.4 | 0.9 | 0.7 | 0.5 | 7.7% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 5.3 | 8.2 | 7.7 | 7.5 | 12.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Oman in 2022:
- China (3.4K tons)
- United Arab Emirates (1.7K tons)
- India (0.3K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Oman
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -78.7% to 61 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 154% against the previous year. As a result, the exports attained the peak of 494 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground declined rapidly to $85K in 2022. Overall, exports faced a significant curtailment. The pace of growth was the most pronounced in 2020 with an increase of 208%. As a result, the exports reached the peak of $539K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 91.6 | 129 | 107 | 47.9 | -19.4% |
| Yemen | 24.7 | 19.3 | 19.5 | 22.5 | -3.1% |
| United Arab Emirates | 12.9 | 91.3 | 45.8 | 13.0 | 0.3% |
| Somalia | 39.2 | 237 | 21.8 | N/A | -25.4% |
| Others | 6.8 | 61.9 | 41.9 | 1.2 | -43.9% |
| Total | 175 | 539 | 236 | 84.6 | -21.5% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Oman in 2022:
- Qatar (34.8 tons)
- Yemen (16.3 tons)
- United Arab Emirates (9.5 tons)
716
This report provides an in-depth analysis of the ginger market in Oman.
107
This report provides an in-depth analysis of the market for spices except pepper or ginger in Oman.
638
This report provides an in-depth analysis of the market for dog and cat food in Oman.
415
This report provides an in-depth analysis of the apricot market in Oman.
633
This report provides an in-depth analysis of the virgin olive oil market in Oman.
639
This report provides an in-depth analysis of the paint and varnish market in Oman.
255
This report provides an in-depth analysis of the olive oil market in Oman.
261
This report provides an in-depth analysis of the encased lead pencil market in Oman.
321
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Oman.
303
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Oman.
924
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1027
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7509
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8592
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7889
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11871
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1624
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
