Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates - 2022

Contents:

1. Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates (CIF) - 2022
2. Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates (FOB) - 2022
3. Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates
4. Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates

Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $3,003 per ton, waning by -30.8% against the previous year. In general, the import price showed a mild slump. The pace of growth was the most pronounced in 2019 an increase of 37%. Over the period under review, average import prices reached the maximum at $4,747 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,975 per ton), while the price for Indonesia ($2,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for spices; cinnamon and cinnamon-tree flowers, crushed or ground amounted to $2,263 per ton, surging by 95% against the previous year. Overall, the export price showed temperate growth. The growth pace was the most rapid in 2015 when the average export price increased by 162% against the previous year. As a result, the export price attained the peak level of $3,000 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($6,815 per ton), while the average price for exports to Tanzania ($343 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 Bahrain (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates

In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground imported into the United Arab Emirates skyrocketed to 676 tons, increasing by 316% on the previous year's figure. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cinnamon and cinnamon-tree flowers, crushed or ground soared to $2M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground to the United Arab Emirates in 2022:

1. China (444.3 tons)
2. Vietnam (127.0 tons)
3. Indonesia (76.5 tons)
4. United States (5.7 tons)
5. Bahrain (3.6 tons)
6. India (2.4 tons)

Exports of Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground in the United Arab Emirates

In 2022, the amount of spices; cinnamon and cinnamon-tree flowers, crushed or ground exported from the United Arab Emirates skyrocketed to 775 tons, growing by 221% on 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cinnamon and cinnamon-tree flowers, crushed or ground skyrocketed to $1.8M in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Spices; Cinnamon and Cinnamon-Tree Flowers, Crushed or Ground from the United Arab Emirates in 2022:

1. China (135.9 tons)
2. Oman (105.9 tons)
3. Yemen (100.4 tons)
4. Djibouti (83.0 tons)
5. Tanzania (77.3 tons)
6. Iran (54.3 tons)
7. Iraq (43.5 tons)
8. Jordan (20.3 tons)
9. Armenia (17.4 tons)
10. Sudan (16.7 tons)
11. Somalia (15.2 tons)
12. Azerbaijan (13.9 tons)
13. Bahrain (13.3 tons)

Source: IndexBox Market Intelligence Platform