Price for Herbs; Thyme, Bay Leaves in the United Arab Emirates - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in the United Arab Emirates (FOB) - 2022
- Price for Herbs; Thyme, Bay Leaves in the United Arab Emirates (CIF) - 2022
- Exports of Herbs; Thyme, Bay Leaves in the United Arab Emirates
- Imports of Herbs; Thyme, Bay Leaves in the United Arab Emirates
Price for Herbs; Thyme, Bay Leaves in the United Arab Emirates (FOB) - 2022
The average herbs; thyme, bay leaves export price stood at $25,094 per ton in 2022, surging by 18% against the previous year. Overall, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 159% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Congo ($2,317,000 per ton), while the average price for exports to Seychelles amounted to $17,629 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Congo (+59.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Herbs; Thyme, Bay Leaves in the United Arab Emirates (CIF) - 2022
In 2022, the average herbs; thyme, bay leaves import price amounted to $274 per ton, with a decrease of -30.4% against the previous year. Overall, the import price recorded a sharp decrease. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices reached the maximum at $3,449 per ton in 2015; however, from 2016 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 the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +13.6% per year.
Exports of Herbs; Thyme, Bay Leaves in the United Arab Emirates
For the fourth year in a row, the United Arab Emirates recorded growth in shipments abroad of herbs, which increased by 1.7% to 308 kg in 2022. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 1.7%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, herbs; thyme, bay leaves exports surged to $7.7K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 20%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Herbs; Thyme, Bay Leaves in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Seychelles | 3.0 | 3.6 | 4.4 | 5.4 | 21.6% |
| Others | 1.5 | 1.8 | 2.0 | 2.3 | 15.3% |
| Total | 4.5 | 5.4 | 6.5 | 7.7 | 19.6% |
Top Export Markets for Herbs; Thyme, Bay Leaves from the United Arab Emirates in 2022:
- Seychelles (307.0 kg)
Imports of Herbs; Thyme, Bay Leaves in the United Arab Emirates
For the fourth consecutive year, the United Arab Emirates recorded growth in overseas purchases of herbs, which increased by 15% to 7.2 tons in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, herbs; thyme, bay leaves imports reduced markedly to $2K in 2022. Overall, imports, however, saw a significant curtailment.
| Import of Herbs; Thyme, Bay Leaves in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 3.8 | 3.1 | 2.5 | 2.0 | -19.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.8 | 3.1 | 2.5 | 2.0 | -19.3% |
Top Suppliers of Herbs; Thyme, Bay Leaves to the United Arab Emirates in 2022:
- Philippines (7.2 tons)
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