Price for Spices; Ginger, Neither Crushed Nor Ground in Cameroon - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Cameroon (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Cameroon (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Cameroon
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Cameroon
Price for Spices; Ginger, Neither Crushed Nor Ground in Cameroon (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,056 per ton in 2022, reducing by -20.1% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 44%. The export price peaked at $4,326 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Central African Republic ($8,372 per ton), while the average price for exports to France ($353 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 Central African Republic (+302.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Cameroon (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $168 per ton, dropping by -39.8% against the previous year. Over the period under review, the import price recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 233% against the previous year. The import price peaked at $2,525 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($9,300 per ton), while the price for Nigeria ($148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Cameroon
For the fourth consecutive year, Cameroon recorded growth in shipments abroad of spices; ginger, neither crushed nor ground, which increased by 28% to 385 tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.6% 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 +79.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; ginger, neither crushed nor ground reached $407K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 4.2 | 2.0 | 6.1 | 117 | 203.1% |
| Central African Republic | N/A | N/A | N/A | 105 | 0% |
| Belgium | 34.4 | 27.0 | 9.1 | 13.6 | -26.6% |
| Spain | 19.9 | N/A | N/A | N/A | 0% |
| Congo | 1.5 | N/A | N/A | N/A | 0% |
| Others | 168 | 314 | 384 | 170 | 0.4% |
| Total | 228 | 343 | 399 | 407 | 21.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Cameroon in 2022:
- France (331.6 tons)
- Central African Republic (12.6 tons)
- Belgium (7.0 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Cameroon
For the fourth consecutive year, Cameroon recorded growth in overseas purchases of spices; ginger, neither crushed nor ground, which increased by 78% to 13 tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 127%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground rose sharply to $2.3K in 2022. Over the period under review, imports, however, saw a dramatic downturn.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Cameroon (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 0.8 | 2.1 | 1.9 | 2.0 | 35.7% |
| Others | 4.3 | 0.2 | 0.2 | 0.3 | -58.8% |
| Total | 5.1 | 2.3 | 2.1 | 2.3 | -23.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Cameroon in 2022:
- Nigeria (13.3 tons)
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