Price for Spices; Ginger, Neither Crushed Nor Ground in Ethiopia - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Ethiopia
Price for Spices; Ginger, Neither Crushed Nor Ground in Ethiopia (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,384 per ton in 2022, picking up by 56% against the previous year. In general, the import price enjoyed a strong increase. Over the period under review, average import prices attained the peak figure at $1,450 per ton in 2019; afterwards, it flattened through to 2022.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,531 per ton), while the price for India ($1,256 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Ethiopia
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Ethiopia shrank remarkably to 114 tons, dropping by -51.7% on the previous year's figure. Over the period under review, imports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year.
In value terms, imports of spices; ginger, neither crushed nor ground contracted rapidly to $158K in 2022. Overall, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | N/A | 35.9 | 68.1 | 89.7% |
| India | 3.9 | 6.8 | 16.8 | 50.2 | 134.4% |
| China | 93.2 | 14.7 | 32.1 | 39.8 | -24.7% |
| Nigeria | 146 | 26.9 | 89.5 | N/A | -21.7% |
| United Arab Emirates | 274 | 131 | 35.7 | N/A | -63.9% |
| Others | 3.6 | N/A | N/A | N/A | 0% |
| Total | 521 | 179 | 210 | 158 | -32.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Ethiopia in 2022:
- Costa Rica (48.3 tons)
- India (40.0 tons)
- China (26.0 tons)
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