Price for Spices; Ginger, Neither Crushed Nor Ground in Qatar - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Qatar (CIF) - 2023
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Qatar
Price for Spices; Ginger, Neither Crushed Nor Ground in Qatar (CIF) - 2023
In October 2023, the average import price for spices; ginger, neither crushed nor ground amounted to $1,206 per ton, which is down by -9.6% against the previous month. In general, import price indicated a moderate increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; ginger, neither crushed nor ground decreased by -22.0% against May 2023 indices. The growth pace was the most rapid in December 2022 when the average import price increased by 34% month-to-month. The import price peaked at $1,547 per ton in May 2023; however, from June 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($2,983 per ton), while the price for India ($832 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Thailand (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Qatar
In 2022, approx. 7K tons of spices; ginger, neither crushed nor ground were imported into Qatar; increasing by 18% compared with the previous year. The total import volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground rose sharply to $4.9M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 55%. As a result, imports reached the peak of $6.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 5.3 | 3.7 | 4.0 | 1.7% |
| India | 0.3 | 0.9 | 0.7 | 0.8 | 38.7% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 4.1 | 6.4 | 4.5 | 4.9 | 6.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Qatar in 2022:
- China (6.4K tons)
- India (0.5K tons)
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