Spices; Mixtures Price in South Africa - 2023
Contents:
- Spices; Mixtures Price in South Africa (FOB) - 2022
- Spices; Mixtures Price in South Africa (CIF) - 2022
- Spices; Mixtures Exports in South Africa
- Spices; Mixtures Imports in South Africa
Spices; Mixtures Price in South Africa (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $2,883 per ton, which is down by -4.1% against the previous year. In general, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. The export price peaked at $3,830 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($6,850 per ton), while the average price for exports to Zambia ($1,678 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 Sudan (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in South Africa (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $3,092 per ton, growing by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Germany ($8,079 per ton), while the price for Pakistan ($1,383 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Exports in South Africa
For the third year in a row, South Africa recorded decline in overseas shipments of spices; mixtureses, which decreased by -5.6% to 3.2K tons in 2022. Overall, exports continue to indicate a deep setback.
In value terms, spices; mixtures exports fell to $9.1M in 2022. In general, exports saw a abrupt slump. The smallest decline of -4% was in 2020.
| Export of Spices; Mixtures in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Swaziland | 1.6 | 2.2 | 2.4 | 2.6 | 17.6% |
| Namibia | 3.0 | 2.4 | 1.8 | 1.6 | -18.9% |
| Zambia | 1.8 | 1.9 | 1.6 | 1.1 | -15.1% |
| Botswana | 0.8 | 1.1 | 1.1 | 0.9 | 4.0% |
| Lesotho | 1.6 | 1.5 | 1.6 | 0.8 | -20.6% |
| United Arab Emirates | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Kenya | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Mozambique | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 1.9 | 1.1 | 1.0 | 1.4 | -9.7% |
| Total | 11.1 | 10.6 | 10.0 | 9.1 | -6.4% |
Top Export Markets for Spices; Mixtures from South Africa in 2022:
- Swaziland (847.2 tons)
- Zambia (664.9 tons)
- Namibia (573.3 tons)
- Botswana (376.8 tons)
- Lesotho (171.1 tons)
- Kenya (87.4 tons)
- United Arab Emirates (71.8 tons)
- Mozambique (52.9 tons)
Spices; Mixtures Imports in South Africa
In 2022, imports of spices; mixtureses into South Africa expanded markedly to 792 tons, surging by 8.8% compared with 2021. In general, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports attained the peak of 1.1K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; mixtures imports surged to $2.4M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 57% against the previous year. As a result, imports attained the peak of $2.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Mixtures in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,477 | 2,460 | 1,629 | 2,030 | 11.2% |
| Germany | 186 | 166 | 176 | 201 | 2.6% |
| China | 70.9 | 10.7 | 1.0 | 51.9 | -9.9% |
| Pakistan | 21.0 | 38.3 | 58.8 | 17.9 | -5.2% |
| Others | 59.0 | 170 | 179 | 148 | 35.9% |
| Total | 1,814 | 2,844 | 2,044 | 2,448 | 10.5% |
Top Suppliers of Spices; Mixtures to South Africa in 2022:
- India (685.7 tons)
- China (34.6 tons)
- Germany (24.9 tons)
- Pakistan (12.9 tons)
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