Price for Vegetable Saps and Extracts; Opium in the United Arab Emirates - 2022

Price for Vegetable Saps and Extracts; Opium in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for vegetable saps and extracts; opia amounted to $15,138 per ton, surging by 4.1% against the previous year. In general, the import price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 55%. As a result, import price attained the peak level of $23,167 per ton. From 2015 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 ($15,138 per ton), while the price for Peru totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-4.1%).

Imports of Vegetable Saps and Extracts; Opium in the United Arab Emirates

In 2022, overseas purchases of vegetable saps and extracts; opia decreased by -96.9% to 66 kg, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 67% against the previous year. As a result, imports attained the peak of 2.6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, vegetable saps and extracts; opium imports shrank sharply to $985 in 2022. Over the period under review, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 85%. As a result, imports reached the peak of $36K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.