Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,081 per ton in November 2023, picking up by 8.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 when the average import price increased by 46% against the previous month. Over the period under review, average import prices reached the peak figure at $2,561 per ton in April 2023; however, from May 2023 to November 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Spain ($4,003 per ton), while the price for China ($1,555 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,291 per ton in 2022, with a decrease of -16.6% against the previous year. Overall, the export price, however, saw a notable expansion. The pace of growth appeared the most rapid in 2020 an increase of 71%. As a result, the export price reached the peak level of $5,354 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($12,876 per ton), while the average price for exports to Lesotho ($641 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 Mozambique (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa
In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -4.6% to 8.3K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 41%. As a result, imports attained the peak of 9K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose slightly to $16M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 8.6 | 8.5 | 8.7 | 11.4% |
| India | 2.4 | 4.2 | 3.9 | 3.6 | 14.5% |
| Spain | 2.4 | 2.9 | 2.8 | 2.9 | 6.5% |
| Others | 0.4 | 0.4 | 0.2 | 0.5 | 7.7% |
| Total | 11.5 | 16.0 | 15.4 | 15.7 | 10.9% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to South Africa in 2022:
- China (6.0K tons)
- India (1.4K tons)
- Spain (0.9K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground were finally on the rise to reach 189 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a sharp curtailment.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose modestly to $622K in 2022. Overall, exports, however, recorded a dramatic downturn.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,167 | 183 | N/A | 224 | -42.3% |
| United States | 302 | 268 | 120 | 62.9 | -40.7% |
| United Kingdom | 1.0 | 4.3 | 89.5 | 58.7 | 288.6% |
| Zimbabwe | 5.7 | 4.0 | 7.7 | 54.6 | 112.4% |
| Germany | N/A | 38.3 | 108 | 53.4 | 18.1% |
| Botswana | 27.4 | 16.2 | 30.9 | 26.2 | -1.5% |
| Mozambique | 16.3 | 14.4 | 8.1 | 20.3 | 7.6% |
| Hungary | N/A | N/A | N/A | 15.3 | 0% |
| Zambia | 42.2 | 20.8 | 25.7 | 14.7 | -29.6% |
| Australia | 0.6 | 20.3 | 13.8 | 12.5 | 175.2% |
| Lesotho | 5.9 | 6.2 | 41.1 | 9.0 | 15.1% |
| Namibia | 4.9 | 26.8 | 10.1 | 8.6 | 20.6% |
| Canada | 242 | 313 | N/A | 0.1 | -92.6% |
| Others | 105 | 70.9 | 138 | 61.3 | -16.4% |
| Total | 1,920 | 986 | 593 | 622 | -31.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from South Africa in 2022:
- Spain (90.0 tons)
- Zimbabwe (14.4 tons)
- Lesotho (14.0 tons)
- United Kingdom (13.0 tons)
- Botswana (8.4 tons)
- Germany (8.1 tons)
- Namibia (5.4 tons)
- Mozambique (5.1 tons)
- United States (4.9 tons)
- Zambia (4.0 tons)
- Australia (3.8 tons)
- Hungary (3.2 tons)
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