Price for Spices; Mixtures of 2 or More Products of the Same Heading in Qatar - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Qatar (CIF) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Qatar
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Qatar (CIF) - 2023
In October 2023, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $2,923 per ton, falling by -16.4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 57% against the previous month. As a result, import price reached the peak level of $4,263 per ton. From December 2022 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Kenya ($8,782 per ton), while the price for Oman ($742 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Pakistan (-0.5%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Qatar
In 2022, the amount of spices; mixtures of 2 or more products of the same heading imported into Qatar fell modestly to 1.4K tons, approximately reflecting the year before. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 4.6%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading totaled $4.4M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,210 | 638 | 407 | 471 | -27.0% |
| Jordan | 547 | 414 | 506 | 427 | -7.9% |
| Bangladesh | 383 | 354 | 310 | 418 | 3.0% |
| Thailand | N/A | 46.9 | 299 | 340 | 169.2% |
| Pakistan | 169 | 342 | 450 | 323 | 24.1% |
| Lebanon | 255 | 371 | 344 | 301 | 5.7% |
| Philippines | N/A | 128 | 184 | 198 | 24.4% |
| Others | 207 | 1,076 | 1,387 | 1,935 | 110.7% |
| Total | 2,770 | 3,369 | 3,886 | 4,413 | 16.8% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Qatar in 2022:
- Bangladesh (360.6 tons)
- India (253.3 tons)
- Jordan (183.6 tons)
- Philippines (121.7 tons)
- Pakistan (94.6 tons)
- Lebanon (69.3 tons)
- Thailand (62.7 tons)
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