Price for Ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spices in the United Arab Emirates - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,100 per ton, picking up by 39% against the previous year. Overall, the import price posted a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 48% against the previous year. The import price peaked at $3,667 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($26,992 per ton), while the price for China ($1,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,687 per ton, declining by -42.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices hit record highs at $3,215 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($3,222 per ton), while the average price for exports to Kenya ($462 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 Iraq (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates
In 2022, after three years of growth, there was significant decline in purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -30.8% to 61K tons. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 88K tons, and then dropped notably in the following year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank modestly to $127M in 2022. The total import value increased at an average annual rate of +10.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 23.9 | 32.6 | 54.2 | 35.5 | 14.1% |
| China | 35.0 | 51.3 | 41.0 | 20.9 | -15.8% |
| Nigeria | 0.6 | 4.1 | 5.2 | 12.2 | 172.9% |
| Pakistan | 9.7 | 6.7 | 7.6 | 8.4 | -4.7% |
| Bangladesh | N/A | N/A | N/A | 5.5 | 0% |
| Jordan | 1.7 | 1.3 | 1.8 | 2.4 | 12.2% |
| Others | 23.2 | 20.2 | 22.3 | 42.3 | 22.2% |
| Total | 94.1 | 116 | 132 | 127 | 10.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to the United Arab Emirates in 2022:
- India (22.6K tons)
- China (18.5K tons)
- Nigeria (7.2K tons)
- Pakistan (3.7K tons)
- Bangladesh (2.0K tons)
- Jordan (1.2K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates
For the fourth year in a row, the United Arab Emirates recorded growth in shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which increased by 504% to 60K tons in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses soared to $101M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.5 | 2.4 | 3.6 | 17.2 | 125.5% |
| Yemen | N/A | N/A | N/A | 17.1 | 0% |
| Oman | 6.8 | 9.2 | 8.3 | 6.7 | -0.5% |
| Kuwait | 0.6 | 0.9 | 0.8 | 6.1 | 116.6% |
| India | 1.2 | 3.8 | 4.9 | 6.0 | 71.0% |
| Pakistan | N/A | N/A | N/A | 4.2 | 0% |
| Sudan | N/A | N/A | N/A | 4.2 | 0% |
| Iran | N/A | N/A | N/A | 2.9 | 0% |
| Somalia | N/A | N/A | N/A | 2.4 | 0% |
| Iraq | N/A | N/A | N/A | 2.2 | 0% |
| South Sudan | N/A | N/A | N/A | 2.2 | 0% |
| Kenya | 0.1 | 0.1 | N/A | 1.5 | 146.6% |
| Qatar | N/A | N/A | N/A | 1.3 | 0% |
| Others | 11.3 | 12.7 | 11.8 | 27.1 | 33.9% |
| Total | 21.6 | 29.0 | 29.4 | 101 | 67.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from the United Arab Emirates in 2022:
- Yemen (19.6K tons)
- Saudi Arabia (5.3K tons)
- Oman (4.7K tons)
- Kenya (3.3K tons)
- Iran (3.1K tons)
- India (3.0K tons)
- Pakistan (2.9K tons)
- Sudan (2.7K tons)
- Kuwait (1.9K tons)
- Somalia (1.4K tons)
- South Sudan (1.4K tons)
- Iraq (1.3K tons)
- Qatar (1.2K tons)
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