Price for Spices; Vanilla, Crushed or Ground in Qatar - 2023

Contents:

  1. Price for Spices; Vanilla, Crushed or Ground in Qatar (CIF) - 2022
  2. Imports of Spices; Vanilla, Crushed or Ground in Qatar

Price for Spices; Vanilla, Crushed or Ground in Qatar (CIF) - 2022

The average import price for spices; vanilla, crushed or ground stood at $11,239 per ton in 2022, which is down by -6.8% against the previous year. In general, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 150% against the previous year. The import price peaked at $13,869 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Jordan.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +46.7% per year.

Imports of Spices; Vanilla, Crushed or Ground in Qatar

In 2022, purchases abroad of spices; vanilla, crushed or ground decreased by -25.7% to 8.9 tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 122% against the previous year. As a result, imports reached the peak of 12 tons, and then fell remarkably in the following year.

In value terms, spices; vanilla, crushed or ground imports contracted sharply to $100K in 2022. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. As a result, imports reached the peak of $145K, and then dropped markedly in the following year.

Import of Spices; Vanilla, Crushed or Ground in Qatar (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Jordan51.512610039.3%
Lebanon23.518.7N/A-20.4%
OthersN/AN/AN/A0%
Total74.914510015.5%

Top Suppliers of Spices; Vanilla, Crushed or Ground to Qatar in 2022:

  1. Jordan (8.9 tons)

Source: IndexBox Market Intelligence Platform

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