Price for Spices; Ginger, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Ethiopia (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in Ethiopia (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in Ethiopia
- Imports of Spices; Ginger, Crushed or Ground in Ethiopia
Price for Spices; Ginger, Crushed or Ground in Ethiopia (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $7,211 per ton in 2022, rising by 55% against the previous year. Over the period under review, the export price saw prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Canada ($10,736 per ton), while the average price for exports to Germany ($1,765 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 Trinidad and Tobago (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Ethiopia (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $1,235 per ton, dropping by -65% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2021 an increase of 185% against the previous year. Over the period under review, average import prices reached the peak figure at $3,644 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 China ($6,225 per ton), while the price for Nigeria stood at $1,125 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Ginger, Crushed or Ground in Ethiopia
In 2022, spices; ginger, crushed or ground exports from Ethiopia soared to 3.1 tons, increasing by 176% on the previous year. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 418% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $23K in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 680%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Spices; Ginger, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 0.1 | 1.2 | 0.9 | 14.1 | 420.5% |
| United States | N/A | 1.5 | 0.4 | 7.0 | 116.0% |
| Germany | N/A | N/A | N/A | 1.1 | 0% |
| United Kingdom | N/A | 0.3 | 0.2 | 0.3 | 0.0% |
| Kuwait | N/A | N/A | N/A | 0.2 | 0% |
| Yemen | 1.3 | 8.3 | 3.5 | N/A | 64.1% |
| Others | 0.1 | 1.1 | 0.4 | N/A | 100.0% |
| Total | 1.6 | 12.4 | 5.3 | 22.6 | 141.7% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Ethiopia in 2022:
- Canada (1309.0 kg)
- United States (1029.0 kg)
- Germany (650.0 kg)
- Kuwait (100.0 kg)
- United Kingdom (52.0 kg)
Imports of Spices; Ginger, Crushed or Ground in Ethiopia
In 2022, the amount of spices; ginger, crushed or ground imported into Ethiopia skyrocketed to 27 tons, jumping by 243% on the previous year's figure. Over the period under review, imports, however, showed a abrupt shrinkage.
In value terms, spices; ginger, crushed or ground imports surged to $34K in 2022. In general, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports reached the peak of $62K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 46.8 | 55.9 | 6.9 | 30.0 | -13.8% |
| China | 0.5 | 0.3 | 3.3 | 3.6 | 93.1% |
| Pakistan | N/A | 5.9 | N/A | N/A | 0% |
| Others | N/A | N/A | 17.9 | N/A | 0% |
| Total | 47.2 | 62.1 | 28.0 | 33.7 | -10.6% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Ethiopia in 2022:
- Nigeria (26.7 tons)
- China (0.6 tons)
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