Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iran - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iran (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iran (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Iran
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Iran
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iran (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $2,349 per ton, rising by 79% against the previous year. Overall, the export price saw a temperate increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 312%. As a result, the export price attained the peak level of $2,656 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($4,552 per ton), while the average price for exports to Turkey ($323 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 Kuwait (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Iran (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $1,026 per ton, falling by -25.1% against the previous year. Overall, the import price recorded a slight setback. The growth pace was the most rapid in 2013 when the average import price increased by 34%. As a result, import price reached the peak level of $1,615 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,534 per ton), while the price for the United Arab Emirates ($736 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Iran
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Iran skyrocketed to 926 tons, rising by 17% on 2021. In general, exports enjoyed a strong increase. The growth pace was the most rapid in 2020 with an increase of 108% against the previous year. As a result, the exports reached the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading surged to $2.2M in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 140 | 388 | 118 | 593 | 61.8% |
| Kuwait | 174 | 137 | 58.1 | 487 | 40.9% |
| United Arab Emirates | 310 | 163 | 92.7 | 160 | -19.8% |
| Turkey | 50.1 | 348 | 224 | 116 | 32.3% |
| Germany | 36.9 | 77.4 | 56.2 | 76.5 | 27.5% |
| Azerbaijan | 26.3 | 76.8 | 25.5 | 44.9 | 19.5% |
| Armenia | 13.5 | 10.0 | 13.0 | 29.4 | 29.6% |
| United Kingdom | 14.7 | 59.4 | 33.1 | 27.4 | 23.1% |
| Others | 655 | 454 | 418 | 641 | -0.7% |
| Total | 1,420 | 1,713 | 1,038 | 2,175 | 15.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Iran in 2022:
- Turkey (359.9 tons)
- Oman (130.3 tons)
- Kuwait (107.1 tons)
- United Arab Emirates (106.8 tons)
- Azerbaijan (24.3 tons)
- Germany (23.8 tons)
- Armenia (14.9 tons)
- United Kingdom (10.8 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Iran
In 2022, overseas purchases of spices; mixtures of 2 or more products of the same heading were finally on the rise to reach 1.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading skyrocketed to $1.7M in 2022. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 793 | 416 | 354 | 588 | -9.5% |
| United Arab Emirates | 195 | 159 | 199 | 480 | 35.0% |
| Indonesia | 101 | 173 | 85.4 | 234 | 32.3% |
| China | N/A | 111 | N/A | 65.9 | -22.9% |
| Turkey | 11.0 | 19.8 | 2.1 | 28.2 | 36.9% |
| Oman | 30.9 | 54.6 | N/A | N/A | 76.7% |
| Others | 8.2 | 0.1 | 86.9 | 300 | 232.0% |
| Total | 1,139 | 934 | 728 | 1,697 | 14.2% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Iran in 2022:
- United Arab Emirates (652.7 tons)
- India (593.1 tons)
- Indonesia (173.2 tons)
- China (26.0 tons)
- Turkey (24.6 tons)
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