Price for Herbs; Thyme, Bay Leaves in South Africa - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in South Africa (CIF) - 2022
- Price for Herbs; Thyme, Bay Leaves in South Africa (FOB) - 2022
- Imports of Herbs; Thyme, Bay Leaves in South Africa
- Exports of Herbs; Thyme, Bay Leaves in South Africa
Price for Herbs; Thyme, Bay Leaves in South Africa (CIF) - 2022
The average herbs; thyme, bay leaves import price stood at $8,622 per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for Morocco.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +14.6% per year.
Price for Herbs; Thyme, Bay Leaves in South Africa (FOB) - 2022
In 2022, the average herbs; thyme, bay leaves export price amounted to $1,595 per ton, shrinking by -6.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 72% against the previous year. The export price peaked at $2,431 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lesotho ($1,595 per ton), while the average price for exports to Seychelles totaled $1,595 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+7.2%).
Imports of Herbs; Thyme, Bay Leaves in South Africa
In 2022, the amount of herbs imported into South Africa shrank sharply to 3.4 tons, waning by -17.5% on the previous year. In general, imports continue to indicate a abrupt setback.
In value terms, herbs; thyme, bay leaves imports contracted to $29K in 2022. Overall, imports recorded a abrupt setback. The smallest decline of -6.8% was in 2021.
| Import of Herbs; Thyme, Bay Leaves in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 36.3 | 33.9 | 31.6 | 29.5 | -6.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 36.3 | 33.9 | 31.6 | 29.5 | -6.7% |
Top Suppliers of Herbs; Thyme, Bay Leaves to South Africa in 2022:
- Morocco (3.4 tons)
Exports of Herbs; Thyme, Bay Leaves in South Africa
In 2022, approx. 4.4 tons of herbs were exported from South Africa; waning by -7.5% on the previous year. Overall, exports recorded a deep setback.
In value terms, herbs; thyme, bay leaves exports contracted to $7.1K in 2022. In general, exports showed a abrupt descent.
| Export of Herbs; Thyme, Bay Leaves in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lesotho | 7.5 | 6.5 | 5.6 | 4.8 | -13.8% |
| Seychelles | 3.6 | 3.1 | 2.7 | 2.3 | -13.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.1 | 9.5 | 8.2 | 7.1 | -13.8% |
Top Export Markets for Herbs; Thyme, Bay Leaves from South Africa in 2022:
- Lesotho (3.0 tons)
- Seychelles (1.4 tons)
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