Price for Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates
Price for Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,257 per ton in 2022, rising by 9.8% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 38% against the previous year. The export price peaked at $3,791 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($7,441 per ton), while the average price for exports to Tanzania ($302 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 Sudan (+13.8%), 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 the United Arab Emirates (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $2,058 per ton, falling by -2.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 87% against the previous year. As a result, import price reached the peak level of $2,301 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Bangladesh ($1,976 per ton), while the price for Pakistan ($980 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.7%), 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 the United Arab Emirates
In 2022, approx. 12K tons of spices; mixtures of 2 or more products of the same heading were exported from the United Arab Emirates; growing by 210% on the previous year's figure. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading soared to $27M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached 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 the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 275 | 1,069 | 830 | 4,217 | 148.4% |
| Canada | 420 | 486 | 334 | 3,477 | 102.3% |
| Pakistan | 8.5 | 27.3 | 34.9 | 2,953 | 603.0% |
| Oman | 3,609 | 3,606 | 2,616 | 1,769 | -21.2% |
| Saudi Arabia | 626 | 600 | 905 | 1,661 | 38.4% |
| Iraq | N/A | N/A | N/A | 1,003 | 0% |
| Sudan | N/A | N/A | N/A | 918 | 0% |
| India | 41.9 | 26.9 | 295 | 691 | 154.5% |
| Yemen | N/A | N/A | N/A | 674 | 0% |
| South Sudan | N/A | N/A | N/A | 647 | 0% |
| Iran | 26.6 | 16.0 | 200 | 480 | 162.3% |
| Tanzania | 38.2 | 90.0 | 59.9 | 156 | 59.8% |
| Zambia | 10.7 | 9.0 | 15.1 | 116 | 121.3% |
| Others | 1,915 | 1,953 | 2,729 | 8,498 | 64.3% |
| Total | 6,971 | 7,882 | 8,018 | 27,259 | 57.5% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from the United Arab Emirates in 2022:
- Pakistan (2079.6 tons)
- Yemen (803.9 tons)
- Iran (652.7 tons)
- Oman (632.3 tons)
- United States (582.0 tons)
- Sudan (556.9 tons)
- Iraq (554.8 tons)
- Tanzania (515.6 tons)
- Canada (467.3 tons)
- South Sudan (445.4 tons)
- India (383.3 tons)
- Zambia (368.5 tons)
- Saudi Arabia (357.9 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the United Arab Emirates
In 2022, imports of spices; mixtures of 2 or more products of the same heading into the United Arab Emirates surged to 13K tons, growing by 33% compared with the previous year's figure. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Over the period under review, imports of spices; mixtures of 2 or more products of same heading attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading surged to $27M in 2022. In general, imports showed significant growth. As a result, imports attained 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.5 | 5.2 | 7.4 | 12.0 | 68.7% |
| Pakistan | 2.0 | 1.6 | 3.1 | 2.2 | 3.2% |
| Jordan | 1.5 | 1.2 | 1.5 | 1.9 | 8.2% |
| Turkey | 1.9 | 1.4 | 1.9 | 1.3 | -11.9% |
| Bangladesh | N/A | N/A | N/A | 0.7 | 0% |
| Syrian Arab Republic | N/A | N/A | N/A | 0.7 | 0% |
| Oman | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | 5.2 | 6.3 | 6.6 | 7.9 | 15.0% |
| Total | 13.5 | 16.1 | 20.6 | 26.7 | 25.5% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to the United Arab Emirates in 2022:
- India (6.5K tons)
- Pakistan (2.3K tons)
- Jordan (1.0K tons)
- Turkey (0.7K tons)
- Syrian Arab Republic (0.5K tons)
- Bangladesh (0.4K tons)
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