Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia - 2022

Contents:

1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia (FOB) - 2022
2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
3. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia
4. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $3,541 per ton in 2022, reducing by -35.3% against the previous year. In general, the export price showed a mild downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $14,069 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($9,217 per ton), while the average price for exports to Kenya ($403 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 (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022

The average import price for spices; cardamoms, neither crushed nor ground stood at $2,133 per ton in 2022, falling by -67.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. As a result, import price attained the peak level of $11,977 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($2,892 per ton), while the price for Guatemala stood at $2,120 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (-4.2%).

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia

Exports of spices; cardamoms, neither crushed nor ground from Ethiopia soared to 133 tons in 2022, rising by 58% against the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 136% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of spices; cardamoms, neither crushed nor ground totaled $472K in 2022. The total export value increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 25% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Ethiopia in 2022:

1. United Arab Emirates (54.0 tons)
2. Israel (47.7 tons)
3. Saudi Arabia (13.3 tons)
4. Kenya (10.0 tons)
5. United States (4.1 tons)

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Ethiopia

In 2022, imports of spices; cardamoms, neither crushed nor ground into Ethiopia dropped notably to 9.2 tons, shrinking by -88.1% against the previous year. In general, imports saw a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year.

In value terms, imports of spices; cardamoms, neither crushed nor ground contracted sharply to $20K in 2022. Overall, imports faced a dramatic contraction. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of $804K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Ethiopia in 2022:

1. Guatemala (9.0 tons)
2. United Arab Emirates (0.2 tons)

Source: IndexBox Market Intelligence Platform