United Arab Emirates: Spice Market 2025

Spice Market Size in the United Arab Emirates

After three years of growth, the spice market in the United Arab Emirates decreased by X% to $X in 2022. In general, the total consumption indicated measured growth 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. Spice consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Spice Exports

Exports from the United Arab Emirates

For the fourth year in a row, the United Arab Emirates recorded growth in overseas shipments of spices, which increased by X% to X tons in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spice exports surged to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Yemen (X tons) was the main destination for spice exports from the United Arab Emirates, with a X% share of total exports. Moreover, spice exports to Yemen exceeded the volume sent to the second major destination, India (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Yemen totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Oman (X% per year).

In value terms, the largest markets for spice exported from the United Arab Emirates were Yemen ($X), India ($X) and Oman ($X), with a combined X% share of total exports. Saudi Arabia, Pakistan, Iraq, Iran, Sudan, Somalia, Kuwait, Ghana, Kenya and Tanzania lagged somewhat behind, together accounting for a further X%.

Somalia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average spice export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, export price indicated measured 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, spice export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Tanzania ($X 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 Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Spice Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of spices decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a notable increase from 2012 to 2022: its volume 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 growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, spice imports shrank significantly to $X in 2022. Over the period under review, total imports indicated buoyant growth 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 growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

India (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of spice imports to the United Arab Emirates, together comprising X% of total imports. Brazil, Guatemala, Nigeria, Pakistan, Madagascar, Russia, Iran, Afghanistan and Singapore lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest spice suppliers to the United Arab Emirates were India ($X), Guatemala ($X) and Vietnam ($X), with a combined X% share of total imports. China, Brazil, Iran, Madagascar, Nigeria, Pakistan, Afghanistan, Russia and Singapore lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spice import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood 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 Singapore ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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