Price for Spices; Cardamoms, Crushed or Ground in Saudi Arabia - 2021

Contents:

1. Price for Spices; Cardamoms, Crushed or Ground in Saudi Arabia (CIF) - 2022
2. Price for Spices; Cardamoms, Crushed or Ground in Saudi Arabia (FOB) - 2022
3. Imports of Spices; Cardamoms, Crushed or Ground in Saudi Arabia
4. Exports of Spices; Cardamoms, Crushed or Ground in Saudi Arabia

Price for Spices; Cardamoms, Crushed or Ground in Saudi Arabia (CIF) - 2022

In 2021, the average import price for spices; cardamoms, crushed or ground amounted to $22,297 per ton, dropping by -21% against the previous year. Over the period under review, the import price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 59% against the previous year. The import price peaked at $28,242 per ton in 2020, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($30,390 per ton), while the price for India ($19,264 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Cardamoms, Crushed or Ground in Saudi Arabia (FOB) - 2022

The average export price for spices; cardamoms, crushed or ground stood at $17,727 per ton in 2022, declining by -4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 105% against the previous year. Over the period under review, the average export prices hit record highs at $26,717 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($51,798 per ton), while the average price for exports to South Africa ($1,923 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+50.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cardamoms, Crushed or Ground in Saudi Arabia

In 2021, spices; cardamoms, crushed or ground imports into Saudi Arabia shrank markedly to 461 tons, dropping by -78.1% against 2020 figures. In general, imports continue to indicate a significant decline. The smallest decline of -42.9% was in 2020.

In value terms, spices; cardamoms, crushed or ground imports shrank sharply to $10M in 2021. Over the period under review, imports showed a sharp reduction. The smallest decline of -13.3% was in 2020.

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Saudi Arabia in 2022:

1. Guatemala (375.1 tons)
2. Bahrain (46.0 tons)
3. India (35.6 tons)

Exports of Spices; Cardamoms, Crushed or Ground in Saudi Arabia

In 2022, the amount of spices; cardamoms, crushed or ground exported from Saudi Arabia fell to 22 tons, dropping by -9.7% against 2021. Overall, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 99%.

In value terms, spices; cardamoms, crushed or ground exports reduced to $393K in 2022. In general, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year.

Top Export Markets for Spices; Cardamoms, Crushed or Ground from Saudi Arabia in 2022:

1. Bahrain (undefined tons)
2. South Africa (4.2 tons)
3. Sweden (3.0 tons)
4. Jordan (1.6 tons)
5. Netherlands (0.8 tons)
6. Finland (0.3 tons)
7. France (0.3 tons)
8. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform