Spices; Turmeric (Curcuma) Price in Oman - 2021
Contents:
- Spices; Turmeric (Curcuma) Price in Oman (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Oman (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Oman
- Spices; Turmeric (Curcuma) Exports in Oman
Spices; Turmeric (Curcuma) Price in Oman (CIF) - 2022
In 2021, the average spices; turmeric (curcuma) import price amounted to $1,299 per ton, rising by 30% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $1,475 per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($1,376 per ton), while the price for Bangladesh ($1,037 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Oman (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $1,374 per ton, with an increase of 40% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spices; turmeric (curcuma) export price decreased by -13.5% against 2019 indices. Over the period under review, the average export prices reached the peak figure at $1,588 per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($2,558 per ton), while the average price for exports to Yemen ($135 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+10.6%).
Spices; Turmeric (Curcuma) Imports in Oman
Spices; turmeric (curcuma) imports into Oman reached 1.9K tons in 2022, rising by 11% on the previous year. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of 2.1K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; turmeric (curcuma) imports reduced to $2.1M in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 6.3%. As a result, imports reached the peak of $2.2M, and then reduced in the following year.
Import of Spices; Turmeric (Curcuma) in Oman (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 1.4 | 1.6 | 1.4 | 0.0% | |
United Arab Emirates | 0.7 | 0.4 | 0.8 | 6.9% | |
Others | 0.1 | 0.1 | 0.1 | 0.0% | |
Total | 2.2 | 2.1 | 2.2 | 0.0% |
Top Suppliers of Spices; Turmeric (Curcuma) to Oman in 2022:
- India (1111.7 tons)
- United Arab Emirates (552.3 tons)
Spices; Turmeric (Curcuma) Exports in Oman
In 2022, the amount of spices; turmeric (curcuma) exported from Oman skyrocketed to 115 tons, increasing by 346% compared with 2021 figures. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 541%. As a result, the exports attained the peak of 204 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; turmeric (curcuma) exports surged to $118K in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 296% against the previous year. As a result, the exports reached the peak of $201K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Spices; Turmeric (Curcuma) in Oman (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Qatar | 49.6 | 42.9 | 30.3 | -21.8% | |
Iran | N/A | N/A | 3.4 | 0% | |
Yemen | N/A | N/A | 1.6 | 0% | |
Others | 0.9 | 158 | 0.1 | -66.7% | |
Total | 50.6 | 201 | 35.4 | -16.4% |
Top Export Markets for Spices; Turmeric (Curcuma) from Oman in 2022:
- Qatar (11.9 tons)
- Yemen (11.5 tons)
- Iran (2.4 tons)
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