Spices; Mixtures Price in Kenya - 2021
Contents:
- Spices; Mixtures Price in Kenya (FOB) - 2022
- Spices; Mixtures Price in Kenya (CIF) - 2022
- Spices; Mixtures Exports in Kenya
- Spices; Mixtures Imports in Kenya
Spices; Mixtures Price in Kenya (FOB) - 2022
The average spices; mixtures export price stood at $3,436 per ton in 2022, shrinking by -14.6% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2021 when the average export price increased by 27% against the previous year. The export price peaked at $4,325 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($9,849 per ton), while the average price for exports to Democratic Republic of the Congo ($312 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 Uganda (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Mixtures Price in Kenya (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $3,365 per ton, picking up by 66% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures import price decreased by -21.2% against 2019 indices. The import price peaked at $4,271 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($5,391 per ton), while the price for Spain ($1,896 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 (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Kenya
In 2022, the amount of spices; mixtureses exported from Kenya skyrocketed to 116 tons, growing by 44% on 2021 figures. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -22.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. As a result, the exports attained the peak of 149 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports surged to $399K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, the exports reached the peak of $473K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mixtures in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 57.5 | 191 | 84.0 | 184 | 47.4% |
| Uganda | 94.2 | 120 | 127 | 127 | 10.5% |
| Austria | 27.6 | 33.7 | 24.1 | 24.1 | -4.4% |
| United States | 0.1 | 15.4 | 19.2 | 21.3 | 497.2% |
| Australia | 10.2 | 15.9 | 10.8 | 13.2 | 9.0% |
| Democratic Republic of the Congo | 5.9 | 2.1 | 5.2 | 5.2 | -4.1% |
| Rwanda | 32.2 | 5.4 | 3.1 | 2.6 | -56.8% |
| Switzerland | N/A | 59.9 | N/A | N/A | 0% |
| Others | 40.7 | 29.3 | 52.1 | 22.2 | -18.3% |
| Total | 268 | 473 | 325 | 399 | 14.2% |
Top Export Markets for Spices; Mixtures from Kenya in 2022:
- Tanzania (58.6 tons)
- Uganda (26.0 tons)
- Democratic Republic of the Congo (16.5 tons)
- United States (5.0 tons)
- Austria (2.4 tons)
- Australia (1.3 tons)
- Rwanda (0.5 tons)
Spices; Mixtures Imports in Kenya
In 2022, the amount of spices; mixtureses imported into Kenya dropped modestly to 90 tons, with a decrease of -3.6% on the year before. Overall, imports faced a deep contraction.
In value terms, spices; mixtures imports soared to $301K in 2022. Over the period under review, imports saw a abrupt downturn.
| Import of Spices; Mixtures in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 196 | 272 | 113 | 163 | -6.0% |
| Pakistan | 33.4 | 41.5 | 5.0 | 53.5 | 17.0% |
| India | 121 | 34.1 | 42.7 | 36.5 | -32.9% |
| United Arab Emirates | 157 | 20.3 | 2.4 | 29.8 | -42.5% |
| Tanzania | N/A | N/A | 7.8 | N/A | 0% |
| Others | 22.7 | 46.3 | 17.5 | 18.2 | -7.1% |
| Total | 530 | 415 | 188 | 301 | -17.2% |
Top Suppliers of Spices; Mixtures to Kenya in 2022:
- South Africa (58.5 tons)
- India (13.1 tons)
- Pakistan (10.9 tons)
- United Arab Emirates (5.5 tons)
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