Price for Spices; Ginger, Neither Crushed Nor Ground in Uganda - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Uganda (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Uganda (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Uganda
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Uganda
Price for Spices; Ginger, Neither Crushed Nor Ground in Uganda (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $606 per ton, dropping by -32.5% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2019 when the average export price increased by 244% against the previous year. As a result, the export price attained the peak level of $1,770 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($9,328 per ton), while the average price for exports to Tanzania ($42 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 Rwanda (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Uganda (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $174 per ton, falling by -4% against the previous year. Overall, the import price showed a deep reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. The import price peaked at $1,579 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($357 per ton), while the price for Tanzania ($26 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (-17.8%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Uganda
Exports of spices; ginger, neither crushed nor ground from Uganda surged to 1.9K tons in 2022, picking up by 197% compared with 2021. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $1.1M in 2022. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Uganda (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Rwanda | 51.3 | 75.4 | 135 | 321 | 84.3% |
| Kenya | 51.6 | 63.4 | 78.9 | 289 | 77.6% |
| United Kingdom | 185 | 132 | 4.8 | 107 | -16.7% |
| Democratic Republic of the Congo | 6.0 | 30.3 | 15.6 | 31.0 | 72.9% |
| Tanzania | 7.8 | 7.8 | 13.2 | 26.3 | 50.0% |
| Burundi | 1.6 | 19.1 | 2.0 | 13.1 | 101.6% |
| Others | 483 | 451 | 321 | 355 | -9.8% |
| Total | 786 | 780 | 570 | 1,142 | 13.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Uganda in 2022:
- Kenya (621.5 tons)
- Tanzania (620.5 tons)
- Rwanda (462.7 tons)
- Democratic Republic of the Congo (41.5 tons)
- United Kingdom (33.9 tons)
- Burundi (24.6 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Uganda
In 2022, overseas purchases of spices; ginger, neither crushed nor ground increased by 138% to 23 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground soared to $4K in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Uganda (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 1,174 | 1,339 | 1,567 | 3,441 | 43.1% |
| United Arab Emirates | 30.0 | 22.0 | 23.0 | 264 | 106.5% |
| Kenya | 129 | 78.0 | 82.0 | 162 | 7.9% |
| Tanzania | 23.0 | 29.0 | 45.0 | 98.0 | 62.1% |
| Others | 8.0 | 19.0 | 52.0 | 78.0 | 113.6% |
| Total | 1,364 | 1,487 | 1,769 | 4,043 | 43.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Uganda in 2022:
- Nigeria (16.0 tons)
- Tanzania (3.8 tons)
- Kenya (2.5 tons)
- United Arab Emirates (0.7 tons)
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