Price for Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates - 2022
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates
Price for Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $2,059 per ton, increasing by 6.7% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34%. The export price peaked at $3,262 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($3,217 per ton), while the average price for exports to Yemen ($936 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 (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $6,784 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $10,105 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Grenada ($8,855 per ton) and Sri Lanka ($7,905 per ton), while the price for India ($6,357 per ton) and Indonesia ($6,378 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates
In 2022, exports of spices; nutmeg, neither crushed nor ground from the United Arab Emirates soared to 5.9K tons, rising by 5,632% against the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; nutmeg, neither crushed nor ground soared to $12M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 53.4 | 59.9 | 42.3 | 2,609 | 265.6% |
| Egypt | 6.5 | 21.9 | 31.5 | 2,452 | 622.6% |
| Iraq | 10.8 | 27.6 | 24.0 | 1,267 | 389.5% |
| Yemen | 28.8 | 17.1 | 19.2 | 931 | 218.6% |
| India | 3.8 | 2.6 | 14.0 | 839 | 504.4% |
| Somalia | 1.1 | 4.5 | 5.6 | 635 | 732.6% |
| Senegal | 7.8 | 4.8 | 12.2 | 509 | 302.6% |
| Indonesia | N/A | N/A | N/A | 500 | 0% |
| Iran | 5.0 | 7.2 | 4.5 | 425 | 339.7% |
| Pakistan | 0.5 | 1.0 | 6.5 | 323 | 764.5% |
| Sudan | 2.8 | 0.1 | 3.3 | 171 | 293.8% |
| Others | 49.4 | 35.6 | 34.1 | 1,399 | 204.8% |
| Total | 170 | 182 | 197 | 12,060 | 314.0% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from the United Arab Emirates in 2022:
- Iraq (1119.3 tons)
- Yemen (994.6 tons)
- Ghana (949.9 tons)
- Egypt (762.4 tons)
- India (397.3 tons)
- Somalia (389.3 tons)
- Senegal (206.4 tons)
- Iran (162.8 tons)
- Pakistan (147.9 tons)
- Sudan (135.5 tons)
- Indonesia (54.9 tons)
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; nutmeg, neither crushed nor ground, when their volume decreased by -11% to 1.7K tons. The total import volume increased at an average annual rate of +5.3% over the period 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 2020 with an increase of 29% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground reduced to $12M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.6 | 7.1 | 8.2 | 7.1 | 39.8% |
| Sri Lanka | 2.7 | 2.9 | 2.1 | 2.3 | -5.2% |
| Indonesia | 3.3 | 1.5 | 1.0 | 1.4 | -24.9% |
| Grenada | N/A | N/A | 0.1 | 0.7 | 600.0% |
| Others | N/A | N/A | 1.6 | 0.1 | -93.8% |
| Total | 8.6 | 11.4 | 13.1 | 11.7 | 10.8% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to the United Arab Emirates in 2022:
- India (1122.0 tons)
- Sri Lanka (294.2 tons)
- Indonesia (222.8 tons)
- Grenada (80.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the United Arab Emirates.
3985
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the United Arab Emirates.
3985
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3771
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8414
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3858
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
