Price for Spices; Mace, Crushed or Ground in Ethiopia - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Ethiopia (FOB) - 2022
- Price for Spices; Mace, Crushed or Ground in Ethiopia (CIF) - 2022
- Exports of Spices; Mace, Crushed or Ground in Ethiopia
- Imports of Spices; Mace, Crushed or Ground in Ethiopia
Price for Spices; Mace, Crushed or Ground in Ethiopia (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $6,540 per ton in 2022, growing by 62% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. Over the period under review, the average export prices attained the peak figure at $15,599 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 the United States ($19,863 per ton), while the average price for exports to Sweden ($438 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 the United States (+26.2%), while the prices for the other major destinations experienced a decline.
Price for Spices; Mace, Crushed or Ground in Ethiopia (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $1,684 per ton in 2022, with a decrease of -28.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 40%. As a result, import price attained the peak level of $2,358 per ton, and then declined significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($5,926 per ton), while the price for India amounted to $1,505 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.2%).
Exports of Spices; Mace, Crushed or Ground in Ethiopia
In 2022, overseas shipments of spices; mace, crushed or ground decreased by -68.1% to 1.9 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, the exports reached the peak of 6.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; mace, crushed or ground exports declined sharply to $12K in 2022. In general, exports showed a deep setback. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $24K, and then reduced markedly in the following year.
| Export of Spices; Mace, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 3.0 | 9.3 | 9.3 | 165.0% |
| Canada | 10.7 | 4.5 | 8.9 | 2.2 | -41.0% |
| South Africa | 3.4 | 3.9 | 1.8 | 0.6 | -43.9% |
| Sweden | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Germany | N/A | 1.0 | N/A | 0.1 | -68.4% |
| United Kingdom | 1.1 | 3.5 | 2.3 | N/A | 44.6% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Israel | 1.4 | 2.8 | 1.3 | N/A | -3.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 17.0 | 18.6 | 23.9 | 12.3 | -10.2% |
Top Export Markets for Spices; Mace, Crushed or Ground from Ethiopia in 2022:
- Canada (620.0 kg)
- United States (466.0 kg)
- Sweden (370.0 kg)
- South Africa (300.0 kg)
- Germany (80.0 kg)
- Netherlands (50.0 kg)
Imports of Spices; Mace, Crushed or Ground in Ethiopia
In 2022, purchases abroad of spices; mace, crushed or ground was finally on the rise to reach 3 tons after two years of decline. In general, imports, however, recorded a deep setback.
In value terms, spices; mace, crushed or ground imports soared to $5K in 2022. Over the period under review, imports, however, showed a deep setback.
| Import of Spices; Mace, Crushed or Ground in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.2 | 4.6 | 1.8 | 4.3 | -15.8% |
| China | 0.5 | 0.4 | 0.3 | 0.7 | 11.9% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 7.8 | 5.0 | 2.3 | 5.0 | -13.8% |
Top Suppliers of Spices; Mace, Crushed or Ground to Ethiopia in 2022:
- India (2.9 tons)
- China (0.1 tons)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ethiopia.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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,
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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
8558
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.
3993
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,
