MENA: Market for Spices Except Pepper or Ginger 2024

Market Size for Spices Except Pepper or Ginger in MENA

In 2022, the MENA's market for spices except pepper or ginger decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted slightly in the following year.

Production of Spices Except Pepper or Ginger in MENA

In value terms, spices except pepper or ginger production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

The countries with the highest volumes of production in 2022 were Iran (X tons), Turkey (X tons) and Yemen (X tons), with a combined X% share of total production.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average spices except pepper or ginger yield in MENA skyrocketed to X tons per ha, increasing by X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield attained the peak level and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spices except pepper or ginger production in MENA fell slightly to X ha, leveling off at the previous year's figure. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to spices except pepper or ginger production reached the maximum at X ha in 2021, and then shrank in the following year.

Exports of Spices Except Pepper or Ginger

Exports in MENA

After four years of decline, shipments abroad of spices except pepper or ginger increased by X% to X tons in 2022. In general, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spices except pepper or ginger exports amounted to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, 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%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iran was the major exporter of spices except pepper or ginger in MENA, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Turkey (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). The following exporters - Syrian Arab Republic (X tons) and Tunisia (X tons) - together made up X% of total exports.

Exports from Iran increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Tunisia (X%), Turkey (X%) and Syrian Arab Republic (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Syrian Arab Republic (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spices except pepper or ginger supplying countries in MENA were Iran ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total exports.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Spices Except Pepper or Ginger

Imports in MENA

In 2022, supplies from abroad of spices except pepper or ginger decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then fell in the following year.

In value terms, spices except pepper or ginger imports fell modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. Morocco (X tons) ranks next in terms of the total imports with a X% share, followed by Iran (X%), Turkey (X%) and Iraq (X%). Kuwait (X tons), Yemen (X tons), Oman (X tons), Algeria (X tons), Libya (X tons), Tunisia (X tons) and Qatar (X tons) held a relatively small share of total imports.

From 2012 to 2022, 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, Saudi Arabia ($X) constitutes the largest market for imported spices except pepper or ginger in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

In Saudi Arabia, spices except pepper or ginger imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, approximately equating the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices except pepper or ginger import price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :