Price for Spices; Cardamoms, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Ethiopia (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Ethiopia (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Ethiopia
- Exports of Spices; Cardamoms, Crushed or Ground in Ethiopia
Price for Spices; Cardamoms, Crushed or Ground in Ethiopia (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $2,326 per ton, waning by -35.6% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 an increase of 92% against the previous year. As a result, import price reached the peak level of $3,610 per ton, and then reduced markedly in the following year.
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 India ($6,879 per ton), while the price for Guatemala amounted to $2,209 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Ethiopia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $4,647 per ton, shrinking by -20.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 47% against the previous year. The export price peaked at $7,617 per ton in 2018; however, from 2019 to 2022, the 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 Germany ($13,375 per ton), while the average price for exports to Sweden ($1,039 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 Yemen (+69.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Ethiopia
In 2022, imports of spices; cardamoms, crushed or ground into Ethiopia surged to 32 tons, picking up by 896% compared with 2021. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground imports surged to $74K in 2022. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Cardamoms, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1.0 | 18.1 | 1.5 | 68.5 | 309.2% |
| India | 1.7 | 5.2 | 1.1 | 5.5 | 47.9% |
| United Arab Emirates | 4.0 | 8.5 | 8.8 | N/A | 48.3% |
| Others | 0.1 | 1.0 | N/A | N/A | 900.0% |
| Total | 6.8 | 32.7 | 11.5 | 74.0 | 121.6% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Ethiopia in 2022:
- Guatemala (31.0 tons)
- India (0.8 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Ethiopia
In 2022, the amount of spices; cardamoms, crushed or ground exported from Ethiopia fell remarkably to 9 tons, which is down by -34.7% against 2021 figures. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 55%. As a result, the exports attained the peak of 14 tons, and then declined remarkably in the following year.
In value terms, spices; cardamoms, crushed or ground exports declined sharply to $42K in 2022. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 27%. As a result, the exports reached the peak of $80K, and then shrank sharply in the following year.
| Export of Spices; Cardamoms, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.5 | 16.2 | 43.9 | 21.5 | 49.0% |
| Saudi Arabia | 26.2 | 31.5 | N/A | 8.0 | -32.7% |
| Australia | 2.4 | 1.5 | 10.5 | 4.8 | 26.0% |
| Canada | 6.9 | 4.3 | 10.7 | 4.2 | -15.3% |
| United Kingdom | 2.4 | 0.8 | 2.1 | 1.8 | -9.1% |
| Sweden | 0.1 | N/A | 1.6 | 0.9 | 108.0% |
| Malaysia | 10.4 | N/A | N/A | N/A | 0% |
| South Africa | 1.1 | 0.5 | 1.9 | N/A | 31.4% |
| Bahrain | 4.5 | N/A | N/A | N/A | 0% |
| Others | 6.5 | 8.4 | 9.7 | 0.5 | -57.5% |
| Total | 67.2 | 63.2 | 80.4 | 41.6 | -14.8% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Ethiopia in 2022:
- United States (4.8 tons)
- Saudi Arabia (1.0 tons)
- Australia (0.9 tons)
- Sweden (0.8 tons)
- Canada (0.7 tons)
- United Kingdom (0.6 tons)
874
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ethiopia.
4100
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
874
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ethiopia.
4100
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3878
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8562
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3997
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3878
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8562
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3997
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
