Spices; Turmeric (Curcuma) Price in Kenya - 2021
Contents:
- Spices; Turmeric (Curcuma) Price in Kenya (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Kenya (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Kenya
- Spices; Turmeric (Curcuma) Exports in Kenya
Spices; Turmeric (Curcuma) Price in Kenya (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,216 per ton in 2021, reducing by -5.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 an increase of 29%. The import price peaked at $1,293 per ton in 2020, and then contracted in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($1,512 per ton), while the price for Ethiopia ($685 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Kenya (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $4,033 per ton in 2021, with a decrease of -26.1% against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The growth pace was the most rapid in 2014 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs at $6,219 per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($6,048 per ton), while the average price for exports to Somalia ($439 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+28.1%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Kenya
Spices; turmeric (curcuma) imports into Kenya dropped to 179 tons in 2022, waning by -10.6% on the year before. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 200 tons, and then declined in the following year.
In value terms, spices; turmeric (curcuma) imports dropped to $223K in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $243K, and then contracted in the following year.
| Import of Spices; Turmeric (Curcuma) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 168 | 179 | 167 | -0.3% | |
| China | 3.6 | 2.9 | 3.4 | -2.8% | |
| United Arab Emirates | 1.2 | 0.5 | 2.1 | 32.3% | |
| Ethiopia | 5.8 | 12.4 | N/A | 113.8% | |
| Others | 7.2 | 8.6 | 71.0 | 214.0% | |
| Total | 186 | 204 | 243 | 14.3% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Kenya in 2022:
- Ethiopia (undefined tons)
- India (110.3 tons)
- China (3.8 tons)
- United Arab Emirates (2.0 tons)
Spices; Turmeric (Curcuma) Exports in Kenya
In 2022, approx. 25 tons of spices; turmeric (curcuma) were exported from Kenya; waning by -17.5% against the previous year's figure. Over the period under review, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 119%. As a result, the exports reached the peak of 30 tons, and then declined markedly in the following year.
In value terms, spices; turmeric (curcuma) exports dropped rapidly to $98K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.3% 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 +30.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports attained the peak of $121K, and then shrank notably in the following year.
| Export of Spices; Turmeric (Curcuma) in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Uganda | 71.2 | 64.3 | 117 | 28.2% | |
| United Kingdom | N/A | N/A | 2.8 | 0% | |
| Somalia | 0.6 | 0.5 | 1.1 | 35.4% | |
| Democratic Republic of the Congo | N/A | 3.7 | N/A | 0% | |
| Egypt | 3.2 | 2.8 | N/A | -12.5% | |
| Others | 2.2 | 3.6 | 0.1 | -78.7% | |
| Total | 77.2 | 74.9 | 121 | 25.2% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Kenya in 2022:
- Uganda (24.5 tons)
- Somalia (2.5 tons)
- United Kingdom (0.5 tons)
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