Price for Spices; Ginger, Neither Crushed Nor Ground in Kenya - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Kenya (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Kenya (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Kenya
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Kenya
Price for Spices; Ginger, Neither Crushed Nor Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $2,381 per ton, surging by 115% against the previous year. Over the period under review, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($4,267 per ton), while the price for Nigeria ($285 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+176.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Kenya (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $916 per ton in 2022, with a decrease of -31.1% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 580%. Over the period under review, the average export prices attained the peak figure at $2,974 per ton in 2018; however, from 2019 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 the UK ($2,065 per ton), while the average price for exports to South Sudan ($620 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 the United Arab Emirates (+56.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Kenya
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -90.3% to 165 tons, falling for the second consecutive year after two years of growth. In general, imports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of 1.9K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground reduced rapidly to $392K in 2022. Overall, imports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 52%. As a result, imports attained the peak of $2.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | N/A | 402 | 411 | 360 | -5.4% |
| Nigeria | N/A | 89.5 | 60.5 | 21.3 | -51.2% |
| United Arab Emirates | 1,407 | 1,694 | 1,263 | 9.6 | -81.0% |
| Uganda | 51.7 | 76.2 | 91.5 | N/A | 33.0% |
| Ethiopia | 33.8 | 14.5 | 1.6 | N/A | -78.2% |
| Others | 8.7 | 11.1 | 50.2 | 1.4 | -45.6% |
| Total | 1,501 | 2,287 | 1,878 | 392 | -36.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Kenya in 2022:
- Tanzania (84.3 tons)
- Nigeria (74.8 tons)
- United Arab Emirates (5.3 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Kenya
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -19.2% to 25 tons, falling for the second year in a row after two years of growth. In general, exports recorded a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. As a result, the exports attained the peak of 42 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground declined rapidly to $23K in 2022. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. As a result, the exports attained the peak of $64K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Sudan | N/A | 10.7 | 0.6 | 10.2 | -2.4% |
| Somalia | N/A | 5.3 | 1.4 | 7.5 | 19.0% |
| Oman | 0.2 | 0.4 | 0.2 | 2.3 | 125.7% |
| United Kingdom | N/A | 4.8 | 0.4 | 2.3 | -30.8% |
| Uganda | 1.1 | 1.2 | 0.3 | N/A | -47.8% |
| Slovenia | 29.7 | 13.3 | 6.4 | N/A | -53.6% |
| United Arab Emirates | 3.6 | 15.3 | 8.0 | N/A | 49.1% |
| South Africa | N/A | N/A | 1.1 | N/A | 0% |
| Seychelles | N/A | 7.2 | 0.1 | N/A | -98.6% |
| Saudi Arabia | N/A | N/A | 21.1 | N/A | 0% |
| Others | 3.4 | 6.0 | 1.3 | 0.5 | -47.2% |
| Total | 37.9 | 64.2 | 41.0 | 22.8 | -15.6% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Kenya in 2022:
- South Sudan (16.5 tons)
- Somalia (5.8 tons)
- Oman (1.3 tons)
- United Kingdom (1.1 tons)
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