Price for Spices; Mace, Crushed or Ground in the United Arab Emirates - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in the United Arab Emirates (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in the United Arab Emirates (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in the United Arab Emirates
- Exports of Spices; Mace, Crushed or Ground in the United Arab Emirates
Price for Spices; Mace, Crushed or Ground in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $11,673 per ton, declining by -17.7% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average import price increased by 34% against the previous year. The import price peaked at $26,965 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($21,667 per ton), while the price for Indonesia ($11,326 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+29.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mace, Crushed or Ground in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $1,188 per ton, dropping by -49.5% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 338% against the previous year. Over the period under review, the average export prices attained the peak figure at $6,611 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Tanzania.
From 2012 to 2022, the rate of growth in terms of prices for Sudan amounted to +255.8% per year.
Imports of Spices; Mace, Crushed or Ground in the United Arab Emirates
In 2022, approx. 153 kg of spices; mace, crushed or ground were imported into the United Arab Emirates; reducing by -89.6% compared with 2021. Over the period under review, imports showed a precipitous decrease. The smallest decline of -8.9% was in 2020.
In value terms, spices; mace, crushed or ground imports dropped significantly to $1.8K in 2022. In general, imports saw a significant decline. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of $65K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Mace, Crushed or Ground in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.2 | 46.5 | 15.3 | 1.2 | -27.9% |
| Indonesia | 1.1 | 15.0 | 4.7 | 0.5 | -23.1% |
| Germany | 1.0 | 3.5 | 0.8 | 0.1 | -53.6% |
| Pakistan | 48.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 53.4 | 65.1 | 20.8 | 1.8 | -67.7% |
Top Suppliers of Spices; Mace, Crushed or Ground to the United Arab Emirates in 2022:
- India (107.0 kg)
- Indonesia (43.0 kg)
- Germany (3.0 kg)
Exports of Spices; Mace, Crushed or Ground in the United Arab Emirates
In 2022, shipments abroad of spices; mace, crushed or ground decreased by -69.5% to 138 kg, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,558%. As a result, the exports attained the peak of 2.4 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground exports dropped rapidly to $164 in 2022. Overall, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 290% against the previous year. As a result, the exports attained the peak of $2.3K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mace, Crushed or Ground in the United Arab Emirates (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 56.0 | 1,057 | 630 | 150 | 38.9% |
| Germany | 412 | N/A | N/A | N/A | 0% |
| Kenya | N/A | 632 | N/A | N/A | 0% |
| Others | 127 | 629 | 434 | 14.0 | -52.1% |
| Total | 595 | 2,318 | 1,064 | 164 | -34.9% |
Top Export Markets for Spices; Mace, Crushed or Ground from the United Arab Emirates in 2022:
- Tanzania (137.0 kg)
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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
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