Price for Spices; Mace, Neither Crushed Nor Ground in Egypt - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Egypt (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Egypt

Price for Spices; Mace, Neither Crushed Nor Ground in Egypt (CIF) - 2022

The average import price for spices; mace, neither crushed nor ground stood at $9,450 per ton in 2022, surging by 3.8% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 54%. Over the period under review, average import prices hit record highs at $17,180 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($9,573 per ton), while the price for India stood at $9,215 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-5.0%).

Imports of Spices; Mace, Neither Crushed Nor Ground in Egypt

Imports of spices; mace, neither crushed nor ground into Egypt skyrocketed to 25 tons in 2022, rising by 90% against 2021 figures. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 351,850% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of spices; mace, neither crushed nor ground surged to $236K in 2022. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 543,036%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Import of Spices; Mace, Neither Crushed Nor Ground in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/A0.21.51572701.8%
IndiaN/A58.711779.116.1%
OthersN/A0.91.2N/A33.3%
TotalN/A59.711923698.8%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Egypt in 2022:

  1. Indonesia (16.4 tons)
  2. India (8.6 tons)

Source: IndexBox Market Intelligence Platform

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