Price for Spices; Mixtures of 2 or More Products of the Same Heading in Jordan - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Jordan (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Jordan (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Jordan (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $4,358 per ton in 2022, with a decrease of -9.9% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 78%. Over the period under review, the average export prices reached the maximum at $4,835 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($4,358 per ton) and Australia ($4,358 per ton), while the average price for exports to Free Zones ($4,358 per ton) and Qatar ($4,358 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 Free Zones (+13.5%), 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 Jordan (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,688 per ton in 2022, approximately equating the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +67.4% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 54%. Over the period under review, average import prices hit record highs at $4,757 per ton in 2021, and then dropped modestly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($4,688 per ton) and Lebanon ($4,688 per ton), while the price for Turkey ($4,688 per ton) and Palestine ($4,688 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; mixtures of 2 or more products of the same heading, when their volume increased by 12% to 2.5K tons. In general, exports, however, saw a deep setback.
In value terms, exports of spices; mixtures of 2 or more products of the same heading stood at $11M in 2022. The total export value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.1 | 2.8 | 3.3 | 4.1 | 9.8% |
| United Arab Emirates | 1.9 | 1.4 | 1.7 | 1.8 | -1.8% |
| United States | 0.8 | 1.4 | 2.1 | 1.7 | 28.6% |
| Kuwait | 0.5 | 0.6 | 0.9 | 0.9 | 21.6% |
| Australia | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Qatar | 0.4 | 0.5 | 0.5 | 0.5 | 7.7% |
| Iraq | 0.2 | 0.5 | 0.4 | 0.3 | 14.5% |
| Free Zones | 0.4 | 0.2 | 0.1 | 0.3 | -9.1% |
| Others | 0.6 | 1.1 | 1.2 | 0.7 | 5.3% |
| Total | 8.3 | 8.9 | 10.6 | 10.7 | 8.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Jordan in 2022:
- Saudi Arabia (943.4 tons)
- United Arab Emirates (408.0 tons)
- United States (379.7 tons)
- Kuwait (216.5 tons)
- Qatar (115.9 tons)
- Australia (109.0 tons)
- Iraq (75.5 tons)
- Free Zones (65.6 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Jordan reduced to 1.5K tons, with a decrease of -14.9% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading shrank dramatically to $7.2M in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $8.6M, and then fell rapidly in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 2,033 | 0% |
| Turkey | 1,225 | 950 | 1,430 | 1,315 | 2.4% |
| India | 757 | 1,497 | 1,459 | 1,031 | 10.8% |
| United States | 945 | 1,209 | 1,708 | 905 | -1.4% |
| Palestine | 1,163 | 774 | 924 | 544 | -22.4% |
| Saudi Arabia | 124 | 193 | 433 | 349 | 41.2% |
| Lebanon | 926 | 144 | 501 | 258 | -34.7% |
| Spain | 243 | 360 | 177 | 162 | -12.6% |
| Pakistan | 159 | 294 | 566 | 145 | -3.0% |
| Mexico | 404 | 604 | 244 | N/A | -22.3% |
| Others | 507 | 703 | 1,188 | 497 | -0.7% |
| Total | 6,453 | 6,728 | 8,630 | 7,238 | 3.9% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Jordan in 2022:
- Syrian Arab Republic (433.7 tons)
- Turkey (280.4 tons)
- India (219.9 tons)
- United States (193.0 tons)
- Palestine (116.1 tons)
- Saudi Arabia (74.5 tons)
- Lebanon (55.1 tons)
- Spain (34.5 tons)
- Pakistan (30.9 tons)
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