Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain - 2022

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (CIF) - 2022
  2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (FOB) - 2022
  3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain
  4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (CIF) - 2022

In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $6,193 per ton, jumping by 19% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2018 when the average import price increased by 28% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($7,645 per ton) and Indonesia ($5,752 per ton), while the price for the United Arab Emirates ($5,396 per ton) and Sri Lanka ($5,535 per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (FOB) - 2022

In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $5,705 per ton, falling by -6% against the previous year. In general, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2021 an increase of 7.2%. Over the period under review, the average export prices attained the maximum at $21,194 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -11.6% per year.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain

In 2022, imports of spices; nutmeg, neither crushed nor ground into Bahrain dropped markedly to 34 tons, which is down by -41.6% on the year before. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 130% against the previous year. As a result, imports attained the peak of 58 tons, and then dropped dramatically in the following year.

In value terms, imports of spices; nutmeg, neither crushed nor ground dropped dramatically to $209K in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 152%. As a result, imports attained the peak of $302K, and then reduced markedly in the following year.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia67.149.066.110114.6%
India11634.818563.5-18.2%
Sri Lanka5.37.98.527.472.9%
United Arab Emirates2.31.40.315.187.2%
Guatemala12.622.533.7N/A63.5%
Others2.04.39.02.11.6%
Total2051203022090.6%

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Bahrain in 2022:

  1. Indonesia (17.6 tons)
  2. India (8.3 tons)
  3. Sri Lanka (5.0 tons)
  4. United Arab Emirates (2.8 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain

After two years of decline, shipments abroad of spices; nutmeg, neither crushed nor ground increased by 374% to 427 kg in 2022. In general, exports, however, continue to indicate a dramatic decrease.

In value terms, exports of spices; nutmeg, neither crushed nor ground surged to $2.4K in 2022. Overall, exports, however, faced a sharp setback.

Export of Spices; Nutmeg, Neither Crushed Nor Ground in Bahrain (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates12.24.30.52.4-41.8%
OthersN/AN/AN/AN/A0%
Total12.24.30.52.4-41.8%

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Bahrain in 2022:

  1. United Arab Emirates (427.0 kg)

Source: IndexBox Market Intelligence Platform

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