Price for Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates
- Imports of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates
Price for Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $989 per ton, waning by -46.3% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2018 an increase of 28%. The export price peaked at $1,842 per ton in 2021, and then declined rapidly 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 Kenya ($2,940 per ton), while the average price for exports to Saudi Arabia ($486 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 (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,082 per ton in 2022, reducing by -2.5% against the previous year. Over the period under review, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 52% against the previous year. Over the period under review, average import prices hit record highs at $1,242 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 India ($1,964 per ton), while the price for China ($813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates
In 2022, exports of spices; ginger, neither crushed nor ground from the United Arab Emirates soared to 42K tons, picking up by 770% compared with the previous year's figure. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $42M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 0.1 | 0.1 | 0.1 | 15.1 | 432.5% |
| Kuwait | 1.2 | 1.9 | 1.8 | 4.9 | 59.8% |
| Saudi Arabia | N/A | N/A | N/A | 4.6 | 0% |
| Sudan | 0.5 | 0.7 | 1.2 | 3.1 | 83.7% |
| Somalia | N/A | N/A | N/A | 1.8 | 0% |
| India | 0.1 | 0.7 | 1.1 | 1.6 | 152.0% |
| South Sudan | 0.1 | 0.1 | 0.8 | 1.4 | 141.0% |
| Bahrain | N/A | N/A | N/A | 1.2 | 0% |
| Oman | 0.3 | 0.3 | 0.4 | 1.2 | 58.7% |
| Kenya | 0.4 | 0.6 | 0.7 | 1.2 | 44.2% |
| Iraq | 0.3 | 0.6 | 0.4 | 0.8 | 38.7% |
| Qatar | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Others | 1.0 | 2.3 | 2.3 | 4.2 | 61.3% |
| Total | 4.1 | 7.3 | 8.9 | 41.6 | 116.5% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from the United Arab Emirates in 2022:
- Yemen (17.5K tons)
- Saudi Arabia (9.5K tons)
- Kuwait (4.8K tons)
- Sudan (1.9K tons)
- Oman (1.2K tons)
- Qatar (1.0K tons)
- Somalia (0.9K tons)
- South Sudan (0.8K tons)
- Bahrain (0.7K tons)
- India (0.7K tons)
- Iraq (0.5K tons)
- Kenya (0.4K tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -29.7% to 34K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year.
In value terms, imports of spices; ginger, neither crushed nor ground dropped markedly to $37M in 2022. Overall, total imports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.5% 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 -35.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. As a result, imports reached the peak of $56M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.1 | 35.1 | 28.9 | 20.2 | -7.0% |
| Nigeria | 6.5 | 14.8 | 10.5 | 10.9 | 18.8% |
| India | 1.9 | 4.8 | 12.4 | 4.9 | 37.1% |
| Others | 1.5 | 1.7 | 1.6 | 0.6 | -26.3% |
| Total | 34.9 | 56.5 | 53.4 | 36.6 | 1.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to the United Arab Emirates in 2022:
- China (24.8K tons)
- Nigeria (6.3K tons)
- India (2.5K tons)
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