Spices; Saffron Price in the United Arab Emirates - 2021
Contents:
- Spices; Saffron Price in the United Arab Emirates (CIF) - 2022
- Spices; Saffron Price in the United Arab Emirates (FOB) - 2022
- Spices; Saffron Imports in the United Arab Emirates
- Spices; Saffron Exports in the United Arab Emirates
Spices; Saffron Price in the United Arab Emirates (CIF) - 2022
The average spices; saffron import price stood at $217,309 per ton in 2022, with a decrease of -31.8% against the previous year. Over the period under review, the import price saw a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of 31% against the previous year. Over the period under review, average import prices reached the maximum at $340,166 per ton in 2012; however, from 2013 to 2022, 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 Portugal ($797,544 per ton), while the price for Italy ($13,154 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Saffron Price in the United Arab Emirates (FOB) - 2022
The average spices; saffron export price stood at $130,351 per ton in 2022, increasing by 178% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2018 when the average export price increased by 224% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 India ($585,071 per ton), while the average price for exports to Rwanda ($508 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 (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Saffron Imports in the United Arab Emirates
In 2022, approx. 35 tons of spices; saffra were imported into the United Arab Emirates; rising by 50% against the year before. In general, imports, however, showed a deep contraction.
In value terms, spices; saffron imports reached $7.7M in 2022. Over the period under review, imports, however, continue to indicate a abrupt setback.
| Import of Spices; Saffron in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4,766 | 3,095 | 2,912 | 2,863 | -15.6% |
| Portugal | 205 | 280 | 353 | 355 | 20.1% |
| Italy | N/A | 1.4 | 1.5 | 239 | 1206.6% |
| India | 15.8 | 749 | 81.4 | 236 | 146.3% |
| Netherlands | 31.9 | 27.8 | 45.2 | 30.6 | -1.4% |
| Nigeria | N/A | 79.5 | 470 | N/A | 491.2% |
| Oman | N/A | 95.0 | 1.7 | N/A | -98.2% |
| Saudi Arabia | N/A | N/A | 227 | N/A | 0% |
| Afghanistan | 977 | N/A | N/A | N/A | 0% |
| Others | 5,273 | 3,544 | 3,438 | 3,976 | -9.0% |
| Total | 11,269 | 7,871 | 7,529 | 7,700 | -11.9% |
Top Suppliers of Spices; Saffron to the United Arab Emirates in 2022:
- Italy (18.2 tons)
- Spain (5.3 tons)
- India (1.1 tons)
- Netherlands (0.6 tons)
- Portugal (0.4 tons)
Spices; Saffron Exports in the United Arab Emirates
In 2022, shipments abroad of spices; saffra decreased by -54.2% to 23 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 84%. As a result, the exports reached the peak of 54 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; saffron exports soared to $2.9M in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 136%. As a result, the exports attained the peak of $3.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Saffron in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 474 | 1,534 | 4.9 | 1,007 | 28.6% |
| India | 62.2 | 38.6 | 82.7 | 712 | 125.4% |
| United States | 9.6 | 33.9 | 52.0 | 349 | 231.3% |
| United Kingdom | 13.2 | 11.3 | 8.6 | 274 | 174.8% |
| Mauritius | 0.5 | 0.2 | 32.4 | 183 | 615.3% |
| Mozambique | 1.2 | 1.5 | 0.4 | 11.4 | 111.8% |
| Rwanda | N/A | N/A | N/A | 1.6 | 0% |
| Oman | 470 | 1,582 | 1,483 | N/A | 77.6% |
| Maldives | 126 | N/A | 154 | N/A | 10.6% |
| Saudi Arabia | 79.8 | 125 | 227 | N/A | 68.7% |
| Others | 281 | 250 | 265 | 406 | 13.1% |
| Total | 1,518 | 3,576 | 2,310 | 2,943 | 24.7% |
Top Export Markets for Spices; Saffron from the United Arab Emirates in 2022:
- Hong Kong SAR (7.7 tons)
- Rwanda (3.2 tons)
- Mauritius (1.6 tons)
- United States (1.4 tons)
- Mozambique (1.4 tons)
- United Kingdom (1.3 tons)
- India (1.2 tons)
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