Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,147 per ton in 2022, growing by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. As a result, import price attained the peak level of $2,337 per ton. From 2021 to 2022, the average 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 India ($2,707 per ton), while the price for Jordan ($1,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,432 per ton in 2022, surging by 28% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 66%. The export price peaked at $2,878 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($2,746 per ton), while the average price for exports to Jordan amounted to $2,007 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+20.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -24.6% to 5.1K tons. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. As a result, imports attained the peak of 6.7K tons, and then dropped markedly in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced notably to $11M in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. As a result, imports reached the peak of $14M, and then contracted sharply in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.8 | 3.8 | 6.9 | 6.2 | 30.3% |
| Jordan | 0.7 | 0.6 | 1.9 | 1.7 | 34.4% |
| Syrian Arab Republic | 0.5 | 1.0 | 1.6 | 1.5 | 44.2% |
| Turkey | 0.6 | 0.4 | N/A | 0.5 | -5.9% |
| China | N/A | 0.4 | 0.8 | N/A | 100.0% |
| Others | 0.9 | 1.8 | 2.8 | 1.1 | 6.9% |
| Total | 5.5 | 8.0 | 13.8 | 10.9 | 25.6% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Saudi Arabia in 2022:
- India (2.3K tons)
- Jordan (1.6K tons)
- Syrian Arab Republic (0.7K tons)
- Turkey (0.2K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground increased by 1.4% to 60 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $145K in 2022. Overall, exports, however, recorded a deep downturn.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Oman | N/A | N/A | 88.7 | 0% | |
| Jordan | N/A | N/A | 53.0 | 0% | |
| Bahrain | 10.7 | 0.9 | 1.1 | -67.9% | |
| Kuwait | N/A | 24.6 | N/A | 0% | |
| Germany | N/A | 79.3 | N/A | 0% | |
| United Arab Emirates | 7.3 | N/A | N/A | 0% | |
| Pakistan | N/A | 6.6 | N/A | 0% | |
| Others | 160 | 0.7 | 2.3 | -88.0% | |
| Total | 178 | 112 | 145 | -9.7% | |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Saudi Arabia in 2022:
- Oman (32.3 tons)
- Jordan (26.4 tons)
- Bahrain (0.2 tons)
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