Price for Spices; Mixtures of 2 or More Products of the Same Heading in Oman - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Oman (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Oman (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Oman
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Oman
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Oman (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $1,912 per ton, waning by -8.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 24% against the previous year. The import price peaked at $2,099 per ton in 2021, and then reduced in the following year.
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 ($4,688 per ton), while the price for Bangladesh ($804 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 (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Oman (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,873 per ton in 2022, picking up by 240% against the previous year. Overall, the export price continues to indicate strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Somalia ($4,358 per ton), while the average price for exports to the United Arab Emirates ($525 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 Qatar (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Oman
In 2022, approx. 2.9K tons of spices; mixtures of 2 or more products of the same heading were imported into Oman; growing by 8.6% on the previous year's figure. In general, imports, however, saw a abrupt downturn.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted slightly to $5.5M in 2022. Overall, imports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 14% against the previous year. As a result, imports attained the peak of $7.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 3,593 | 3,888 | 2,797 | 1,819 | -20.3% |
| Bangladesh | 40.8 | 26.3 | 139 | 1,125 | 202.1% |
| India | 2,254 | 2,182 | 1,107 | 642 | -34.2% |
| Iran | 139 | 413 | 194 | 593 | 62.2% |
| Kuwait | 56.5 | 281 | 323 | 284 | 71.3% |
| Sri Lanka | 17.6 | 37.9 | 74.7 | 276 | 150.3% |
| Saudi Arabia | 22.7 | 47.5 | 36.5 | 118 | 73.2% |
| Pakistan | 31.4 | 64.5 | 43.6 | 102 | 48.1% |
| China | 104 | 3.6 | 196 | 12.2 | -51.0% |
| Others | 508 | 759 | 606 | 487 | -1.4% |
| Total | 6,768 | 7,702 | 5,516 | 5,459 | -6.9% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Oman in 2022:
- Bangladesh (1399.6 tons)
- India (489.2 tons)
- United Arab Emirates (388.1 tons)
- Iran (126.5 tons)
- Pakistan (100.8 tons)
- Saudi Arabia (87.0 tons)
- Kuwait (60.6 tons)
- Sri Lanka (58.8 tons)
- China (18.4 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Oman
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -79.4% to 83 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 48%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; mixtures of 2 or more products of the same heading dropped significantly to $239K in 2022. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 with an increase of 108% against the previous year. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Oman (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 131 | 713 | 73.0 | 153 | 5.3% |
| Somalia | 90.1 | 59.3 | 29.2 | 54.4 | -15.5% |
| United Arab Emirates | 250 | 427 | 30.4 | 15.4 | -60.5% |
| Free Zones | N/A | N/A | N/A | 11.1 | 0% |
| Yemen | 12.0 | 115 | 155 | 2.7 | -39.2% |
| Sudan | 155 | 16.3 | N/A | N/A | -89.5% |
| Iran | 26.7 | 46.2 | 33.8 | N/A | 12.5% |
| Mauritania | N/A | N/A | 12.0 | N/A | 0% |
| Others | 4.5 | 19.1 | 6.7 | 2.2 | -21.2% |
| Total | 670 | 1,396 | 341 | 239 | -29.1% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Oman in 2022:
- Qatar (35.1 tons)
- United Arab Emirates (29.3 tons)
- Somalia (12.5 tons)
- Yemen (3.2 tons)
- Free Zones (2.5 tons)
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