Spices; Mixtures Price in Saudi Arabia - 2021
Contents:
- Spices; Mixtures Price in Saudi Arabia (CIF) - 2022
- Spices; Mixtures Price in Saudi Arabia (FOB) - 2022
- Spices; Mixtures Imports in Saudi Arabia
- Spices; Mixtures Exports in Saudi Arabia
Spices; Mixtures Price in Saudi Arabia (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $4,468 per ton, reducing by -8.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 an increase of 20%. The import price peaked at $4,881 per ton in 2021, and then contracted in the following year.
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 France ($7,403 per ton), while the price for China ($2,048 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Saudi Arabia (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $2,923 per ton, reducing by -7.8% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures export price increased by +13.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 66% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,764 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Yemen ($5,124 per ton), while the average price for exports to Pakistan ($1,616 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 Oman (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Saudi Arabia
Spices; mixtures imports into Saudi Arabia soared to 9.8K tons in 2022, growing by 19% compared with 2021 figures. The total import volume increased at an average annual rate of +1.4% 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 21% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mixtures imports expanded rapidly to $44M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 46%. As a result, imports attained the peak of $48M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Mixtures in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 5.9 | 11.6 | 15.9 | 17.2 | 42.9% |
| India | 6.4 | 7.2 | 3.6 | 6.1 | -1.6% |
| France | 7.0 | 5.7 | 4.2 | 6.0 | -5.0% |
| Bangladesh | 2.6 | 4.4 | 1.4 | 3.0 | 4.9% |
| Vietnam | 2.3 | 2.2 | N/A | 2.6 | 4.2% |
| United Arab Emirates | 0.5 | 1.3 | 2.2 | 2.4 | 68.7% |
| United States | 1.0 | 3.0 | 1.3 | 1.9 | 23.9% |
| China | 0.6 | 1.5 | 0.9 | 1.1 | 22.4% |
| United Kingdom | 0.9 | 0.8 | 1.0 | 1.1 | 6.9% |
| Syrian Arab Republic | 1.4 | 0.5 | N/A | N/A | -64.3% |
| Indonesia | N/A | 4.3 | 7.0 | N/A | 62.8% |
| Brazil | 1.5 | N/A | N/A | N/A | 0% |
| Others | 2.6 | 5.0 | 2.8 | 2.5 | -1.3% |
| Total | 32.6 | 47.5 | 40.3 | 43.9 | 10.4% |
Top Suppliers of Spices; Mixtures to Saudi Arabia in 2022:
- Pakistan (2805.2 tons)
- India (1856.5 tons)
- Bangladesh (979.1 tons)
- Vietnam (901.2 tons)
- France (815.9 tons)
- United Arab Emirates (731.0 tons)
- China (524.4 tons)
- United Kingdom (322.3 tons)
- United States (300.4 tons)
Spices; Mixtures Exports in Saudi Arabia
In 2022, the amount of spices; mixtureses exported from Saudi Arabia soared to 286 tons, with an increase of 25% against 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 141% against the previous year. As a result, the exports reached the peak of 338 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; mixtures exports surged to $835K in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 162% against the previous year. As a result, the exports attained the peak of $944K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Mixtures in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Yemen | 35.4 | 109 | 332 | 354 | 115.4% |
| Pakistan | 59.2 | 128 | 157 | 168 | 41.6% |
| United Arab Emirates | 115 | 287 | 2.0 | 129 | 3.9% |
| Bahrain | 39.4 | 223 | 91.2 | 116 | 43.3% |
| Jordan | 59.6 | 29.5 | 37.2 | 41.4 | -11.4% |
| Canada | 4.1 | 28.0 | 26.0 | 27.6 | 88.8% |
| Egypt | N/A | 18.5 | N/A | N/A | 0% |
| Afghanistan | 36.5 | N/A | N/A | N/A | 0% |
| Others | 11.7 | 122 | 80.2 | N/A | 161.8% |
| Total | 361 | 944 | 726 | 835 | 32.2% |
Top Export Markets for Spices; Mixtures from Saudi Arabia in 2022:
- Pakistan (103.7 tons)
- Yemen (69.1 tons)
- Bahrain (44.5 tons)
- United Arab Emirates (40.7 tons)
- Jordan (15.2 tons)
- Canada (12.6 tons)
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