Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $828 per ton, reducing by -24.9% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices hit record highs at $1,337 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($890 per ton), while the average price for exports to Iraq ($584 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 (+22.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,869 per ton, surging by 71% against the previous year. Over the period under review, the import price, however, showed a mild decrease. Over the period under review, average import prices hit record highs at $2,649 per ton in 2016; however, from 2017 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 Egypt ($5,771 per ton), while the price for the United Arab Emirates ($1,065 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+27.7%), while the prices for the other major suppliers experienced a decline.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia
Exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses from Ethiopia reduced rapidly to 3.9K tons in 2022, dropping by -32.1% compared with the previous year. Over the period under review, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 115% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced rapidly to $3.2M in 2022. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 100%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,784 | 763 | 1,831 | 1,420 | -27.9% |
| United Arab Emirates | 305 | 117 | 802 | 417 | 11.0% |
| Egypt | 948 | 966 | 537 | 196 | -40.9% |
| Iraq | N/A | N/A | N/A | 164 | 0% |
| Pakistan | N/A | N/A | 27.0 | 144 | 433.3% |
| Turkey | 176 | 210 | 200 | 138 | -7.8% |
| Bangladesh | N/A | N/A | N/A | 62.8 | 0% |
| Iran | 454 | N/A | 275 | 21.1 | -64.0% |
| Others | 1,405 | 1,114 | 2,659 | 666 | -22.0% |
| Total | 7,072 | 3,169 | 6,331 | 3,229 | -23.0% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Ethiopia in 2022:
- India (1760.0 tons)
- United Arab Emirates (684.9 tons)
- Iraq (280.0 tons)
- Egypt (267.8 tons)
- Pakistan (207.4 tons)
- Turkey (155.1 tons)
- Bangladesh (106.0 tons)
- Iran (26.0 tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -26.8% to 545 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 7.6% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $1M in 2022. Over the period under review, imports showed a perceptible descent.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 205 | 1.3 | 63.5 | 437 | 28.7% |
| India | 0.2 | 260 | 198 | 306 | 1052.3% |
| Egypt | N/A | N/A | N/A | 173 | 0% |
| Costa Rica | N/A | N/A | 45.2 | 68.1 | 50.7% |
| United Arab Emirates | 885 | 700 | 480 | 13.0 | -75.5% |
| South Africa | 72.1 | 7.3 | 13.8 | 9.4 | -49.3% |
| Others | 2.3 | 20.3 | 11.2 | 12.7 | 76.7% |
| Total | 1,164 | 988 | 812 | 1,019 | -4.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Ethiopia in 2022:
- India (247.2 tons)
- China (201.5 tons)
- Costa Rica (48.3 tons)
- Egypt (29.9 tons)
- United Arab Emirates (12.2 tons)
- South Africa (3.4 tons)
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