Price for Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022
  2. Price for Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022
  3. Exports of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates
  4. Imports of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates

Price for Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $14,348 per ton, surging by 295% against the previous year. In general, the export price recorded a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Qatar amounted to +245.3% per year.

Price for Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $14,348 per ton, rising by 84% against the previous year. Over the period under review, the import price showed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 84%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +16.0% per year.

Exports of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates

Exports of spices; mace, neither crushed nor ground from the United Arab Emirates dropped markedly to 1.1 tons in 2022, which is down by -41.5% against the previous year's figure. Over the period under review, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of 1.9 tons, and then contracted significantly in the following year.

In value terms, exports of spices; mace, neither crushed nor ground surged to $16K in 2022. In general, exports, however, enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia0.2N/AN/A15.5326.4%
SenegalN/AN/AN/AN/A0%
Tanzania0.1N/A0.1N/A0.0%
Bangladesh3.6N/AN/AN/A0%
Pakistan1.72.95.7N/A83.1%
GhanaN/AN/AN/AN/A0%
Others0.41.10.9N/A50.0%
Total6.04.16.715.537.2%

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from the United Arab Emirates in 2022:

  1. Indonesia (1.1 tons)

Imports of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates

In 2022, purchases abroad of spices; mace, neither crushed nor ground decreased by -93.2% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 16 tons, and then plummeted in the following year.

In value terms, imports of spices; mace, neither crushed nor ground contracted sharply to $16K in 2022. Overall, imports showed a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 17% against the previous year. As a result, imports attained the peak of $129K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Spices; Mace, Neither Crushed Nor Ground in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia25.311412.115.5-15.1%
Sri Lanka5.65.91.4N/A-50.0%
India9.19.40.6N/A-74.3%
Tanzania68.0N/AN/AN/A0%
Others2.7N/A110N/A538.3%
Total11112912415.5-48.1%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to the United Arab Emirates in 2022:

  1. Indonesia (1.1 tons)

Source: IndexBox Market Intelligence Platform

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