MENA: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in MENA

In 2023, the MENA's market for spices except pepper or ginger decreased by X% to $X for the first time since 2017, thus ending a five-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped in the following year.

Production of Spices Except Pepper or Ginger in MENA

In value terms, spices except pepper or ginger production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2022, and then reduced in the following year.

The countries with the highest volumes of production in 2023 were Turkey (X tons), Yemen (X tons) and Iran (X tons), together comprising X% of total production.

From 2012 to 2023, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Turkey (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2023, the average spices except pepper or ginger yield in MENA reduced to X tons per ha, with a decrease of X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the spices except pepper or ginger yield hit record highs at X tons per ha in 2022, and then dropped modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of spices except pepper or ginger were harvested in MENA; remaining constant against the year before. Overall, the harvested area recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to spices except pepper or ginger production reached the peak figure at X ha in 2021; however, from 2022 to 2023, the harvested area remained at a lower figure.

Exports of Spices Except Pepper or Ginger

Exports in MENA

In 2023, approx. X tons of spices except pepper or ginger were exported in MENA; growing by X% on the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, spices except pepper or ginger exports reached $X in 2023. Total exports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Iran (X tons) and Turkey (X tons) dominates exports structure, together committing X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Syrian Arab Republic (X tons), together constituting an X% share of total exports. The following exporters - Lebanon (X tons) and Tunisia (X tons) - each finished at a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Lebanon ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in MENA

In 2023, approx. X tons of spices except pepper or ginger were imported in MENA; growing by X% against 2022 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, spices except pepper or ginger imports soared to $X in 2023. Total imports indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons), distantly followed by Iran (X tons), Saudi Arabia (X tons), Morocco (X tons), Turkey (X tons), Iraq (X tons) and Yemen (X tons) represented the largest importers of spices except pepper or ginger, together making up X% of total imports. The following importers - Oman (X tons), Algeria (X tons), Kuwait (X tons), Libya (X tons), Tunisia (X tons) and Qatar (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spices except pepper or ginger importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Iran ($X), together accounting for X% of total imports. Turkey, Qatar, Morocco, Oman, Kuwait, Iraq, Yemen, Algeria, Libya and Tunisia lagged somewhat behind, together accounting for a further X%.

Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, spices except pepper or ginger import price decreased by X% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform