Spices; Mixtures Price in Bahrain - 2022
Contents:
- Spices; Mixtures Price in Bahrain (FOB) - 2022
- Spices; Mixtures Price in Bahrain (CIF) - 2022
- Spices; Mixtures Exports in Bahrain
- Spices; Mixtures Imports in Bahrain
Spices; Mixtures Price in Bahrain (FOB) - 2022
The average spices; mixtures export price stood at $5,124 per ton in 2022, with a decrease of -3.4% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures export price decreased by -3.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 60%. As a result, the export price attained the peak level of $5,330 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($6,768 per ton), while the average price for exports to Saudi Arabia ($3,600 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 Jordan (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Bahrain (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $4,396 per ton, growing by 9% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 41% against the previous year. As a result, import price reached the peak level of $4,635 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Pakistan ($6,882 per ton), while the price for Bangladesh ($2,025 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Bahrain
For the third year in a row, Bahrain recorded decline in shipments abroad of spices; mixtureses, which decreased by -13.6% to 436 tons in 2022. Over the period under review, exports faced a dramatic decline.
In value terms, spices; mixtures exports dropped remarkably to $2.2M in 2022. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of $4.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Mixtures in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2,060 | 2,221 | 1,085 | 1,196 | -16.6% |
| Oman | 960 | 1,404 | 623 | 487 | -20.2% |
| Saudi Arabia | 322 | 456 | 817 | 414 | 8.7% |
| Jordan | 52.7 | 87.5 | 93.5 | 54.3 | 1.0% |
| United Kingdom | N/A | 37.6 | N/A | 41.2 | 4.7% |
| Kuwait | 294 | 233 | 54.2 | 38.2 | -49.4% |
| Others | 23.1 | 10.9 | 0.2 | 1.7 | -58.1% |
| Total | 3,711 | 4,450 | 2,674 | 2,232 | -15.6% |
Top Export Markets for Spices; Mixtures from Bahrain in 2022:
- United Arab Emirates (185.5 tons)
- Saudi Arabia (115.0 tons)
- Oman (108.5 tons)
- Kuwait (8.9 tons)
- Jordan (8.0 tons)
- United Kingdom (7.5 tons)
Spices; Mixtures Imports in Bahrain
In 2022, spices; mixtures imports into Bahrain expanded remarkably to 491 tons, picking up by 13% against 2021 figures. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period.
In value terms, spices; mixtures imports skyrocketed to $2.2M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Bahrain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 974 | 883 | 842 | 1,046 | 2.4% |
| Pakistan | 522 | 634 | 551 | 665 | 8.4% |
| United Arab Emirates | 142 | 148 | 124 | 167 | 5.6% |
| Saudi Arabia | 30.1 | 49.1 | 50.6 | 37.1 | 7.2% |
| Syrian Arab Republic | 7.6 | 10.0 | 11.3 | 24.1 | 46.9% |
| Malaysia | 36.6 | 23.3 | 24.1 | 21.8 | -15.9% |
| Bangladesh | 4.7 | 8.0 | 16.5 | 16.7 | 52.6% |
| Others | 155 | 224 | 135 | 181 | 5.3% |
| Total | 1,872 | 1,979 | 1,755 | 2,158 | 4.9% |
Top Suppliers of Spices; Mixtures to Bahrain in 2022:
- India (300.6 tons)
- Pakistan (96.6 tons)
- United Arab Emirates (26.1 tons)
- Syrian Arab Republic (10.5 tons)
- Saudi Arabia (8.5 tons)
- Bangladesh (8.2 tons)
- Malaysia (6.2 tons)
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