Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $2,590 per ton in 2022, reducing by -10.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2015 an increase of 30% against the previous year. As a result, import price reached the peak level of $3,114 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 the Philippines ($9,965 per ton), while the price for China ($1,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $5,974 per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 89%. Over the period under review, the average export prices reached the peak figure at $7,654 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
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 the United Arab Emirates ($7,537 per ton), while the average price for exports to Syrian Arab Republic ($2,541 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 Jordan (+54.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain
In 2022, approx. 772 tons of spices; mixtures of 2 or more products of the same heading were imported into Bahrain; almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading fell to $2M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports attained the peak of $2.2M, and then reduced in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 453 | 272 | 496 | 340 | -9.1% |
| United Arab Emirates | 540 | 459 | 353 | 286 | -19.1% |
| Jordan | 50.9 | 133 | 168 | 178 | 51.8% |
| United States | 86.5 | 102 | 143 | 153 | 20.9% |
| Bangladesh | 110 | 132 | 124 | 143 | 9.1% |
| Saudi Arabia | 34.6 | 91.9 | 143 | 124 | 53.0% |
| Philippines | 89.1 | 68.8 | 119 | 122 | 11.0% |
| Turkey | 53.0 | 167 | 133 | 65.6 | 7.4% |
| Syrian Arab Republic | N/A | N/A | N/A | 52.9 | 0% |
| Pakistan | 37.9 | 19.8 | 23.2 | 44.5 | 5.5% |
| China | 95.9 | 168 | 66.3 | 22.1 | -38.7% |
| Others | 325 | 374 | 461 | 468 | 12.9% |
| Total | 1,876 | 1,987 | 2,228 | 1,999 | 2.1% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Bahrain in 2022:
- United Arab Emirates (200.9 tons)
- India (178.9 tons)
- Bangladesh (82.0 tons)
- Jordan (68.0 tons)
- Saudi Arabia (49.5 tons)
- Syrian Arab Republic (31.1 tons)
- United States (23.0 tons)
- Pakistan (22.7 tons)
- China (16.9 tons)
- Turkey (14.5 tons)
- Philippines (12.3 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain
After three years of growth, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -30.9% to 101 tons in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 176%.
In value terms, exports of spices; mixtures of 2 or more products of the same heading fell remarkably to $604K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 159%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 45.3 | 214 | 310 | 272 | 81.8% |
| Saudi Arabia | 14.5 | 73.8 | 198 | 166 | 125.4% |
| Oman | 0.9 | 50.4 | 192 | 98.8 | 378.8% |
| Kuwait | 1.1 | 10.0 | 26.8 | 29.6 | 199.7% |
| Jordan | N/A | N/A | 111 | 17.2 | -84.5% |
| Syrian Arab Republic | N/A | N/A | N/A | 12.7 | 0% |
| Turkey | N/A | N/A | 26.7 | N/A | 0% |
| Others | 84.1 | 29.5 | 22.0 | 7.6 | -55.1% |
| Total | 146 | 377 | 886 | 604 | 60.5% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Bahrain in 2022:
- Saudi Arabia (36.1 tons)
- United Arab Emirates (36.1 tons)
- Oman (13.5 tons)
- Kuwait (6.4 tons)
- Syrian Arab Republic (5.0 tons)
- Jordan (2.4 tons)
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