Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sudan - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $976 per ton, shrinking by -29.7% against the previous year. Overall, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 64% against the previous year. The import price peaked at $2,272 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 Egypt ($6,165 per ton), while the price for India ($838 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+23.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $1,142 per ton, declining by -24.9% against the previous year. In general, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. The export price peaked at $2,588 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($7,141 per ton), while the average price for exports to Saudi Arabia ($488 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 Egypt (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Sudan soared to 2.8K tons, surging by 309% compared with the year before. Over the period under review, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading surged to $2.7M in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 323 | 1,155 | 205 | 1,924 | 81.3% |
United Arab Emirates | 83.1 | 65.7 | 371 | 400 | 68.8% |
Saudi Arabia | 151 | 153 | 109 | 126 | -5.9% |
Egypt | 96.2 | 107 | 83.7 | 106 | 3.3% |
Ethiopia | 64.4 | 66.8 | 54.7 | 75.0 | 5.2% |
Nigeria | 37.0 | 46.7 | 38.3 | 50.9 | 11.2% |
Others | 278 | 224 | 90.9 | 56.4 | -41.2% |
Total | 1,033 | 1,819 | 952 | 2,739 | 38.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Sudan in 2022:
- India (2294.6 tons)
- United Arab Emirates (351.9 tons)
- Saudi Arabia (65.6 tons)
- Nigeria (32.6 tons)
- Ethiopia (25.1 tons)
- Egypt (17.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Sudan surged to 9.6 tons, jumping by 57% on the year before. Overall, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading surged to $11K in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Sudan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 1.7 | 2.4 | 4.6 | 7.0 | 60.3% |
Saudi Arabia | 2.6 | 1.4 | 0.6 | 1.3 | -20.6% |
United Kingdom | 0.9 | 1.0 | 1.4 | 1.1 | 6.9% |
Kuwait | 0.7 | 0.6 | 0.8 | 0.5 | -10.6% |
Malaysia | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
Yemen | 0.5 | N/A | N/A | N/A | 0% |
Others | 0.8 | 1.2 | 1.8 | 0.9 | 4.0% |
Total | 7.4 | 6.9 | 9.3 | 11.0 | 14.1% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Sudan in 2022:
- Egypt (6.0 tons)
- Saudi Arabia (2.7 tons)
- Kuwait (0.2 tons)
- United Kingdom (0.2 tons)
- Malaysia (0.2 tons)
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