Spices; Turmeric (Curcuma) Price in Bahrain - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Bahrain (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Bahrain (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Bahrain
- Spices; Turmeric (Curcuma) Exports in Bahrain
Spices; Turmeric (Curcuma) Price in Bahrain (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,391 per ton in 2022, almost unchanged from the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 13%. The import price peaked at $1,675 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
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 Bangladesh ($1,997 per ton), while the price for India ($1,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Bahrain (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $3,550 per ton in 2022, dropping by -16.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2015 an increase of 41%. The export price peaked at $5,682 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($9,572 per ton), while the average price for exports to Kuwait ($1,406 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 India (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Bahrain
In 2022, approx. 719 tons of spices; turmeric (curcuma) were imported into Bahrain; declining by -4.6% compared with 2021. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. As a result, imports attained the peak of 754 tons, and then fell in the following year.
In value terms, spices; turmeric (curcuma) imports dropped to $1M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports reached the peak of $1.1M, and then reduced in the following year.
| Import of Spices; Turmeric (Curcuma) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 784 | 693 | 881 | 871 | 3.6% |
| United Arab Emirates | 34.9 | 53.9 | 53.0 | 57.8 | 18.3% |
| Bangladesh | 103 | 132 | 83.0 | 44.9 | -24.2% |
| Others | 36.8 | 58.4 | 37.4 | 26.5 | -10.4% |
| Total | 958 | 937 | 1,055 | 1,000 | 1.4% |
Top Suppliers of Spices; Turmeric (Curcuma) to Bahrain in 2022:
- India (655.7 tons)
- United Arab Emirates (32.2 tons)
- Bangladesh (22.5 tons)
Spices; Turmeric (Curcuma) Exports in Bahrain
For the fourth consecutive year, Bahrain recorded growth in shipments abroad of spices; turmeric (curcuma), which increased by 19% to 49 tons in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 155%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; turmeric (curcuma) exports fell slightly to $174K in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 151% against the previous year.
| Export of Spices; Turmeric (Curcuma) in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 25.9 | 64.0 | 81.1 | 71.4 | 40.2% |
| Oman | 0.8 | 8.2 | 26.0 | 41.6 | 273.3% |
| Saudi Arabia | 6.9 | 18.4 | 34.8 | 29.5 | 62.3% |
| Kuwait | 2.0 | 4.7 | 8.2 | 27.5 | 139.6% |
| Qatar | 11.1 | 17.9 | 21.4 | N/A | 38.8% |
| Others | 0.3 | 4.8 | 4.0 | 3.5 | 126.8% |
| Total | 47.0 | 118 | 175 | 174 | 54.7% |
Top Export Markets for Spices; Turmeric (Curcuma) from Bahrain in 2022:
- Kuwait (19.6 tons)
- Saudi Arabia (13.3 tons)
- United Arab Emirates (10.7 tons)
- Oman (4.3 tons)
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