Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,817 per ton, reducing by -25.5% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. Over the period under review, the average export prices reached the maximum at $5,121 per ton in 2021, and then shrank significantly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($7,711 per ton), while the average price for exports to Burundi ($952 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 Tanzania (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,143 per ton in 2022, with an increase of 21% against the previous year. Overall, the import price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2018 an increase of 24%. The import price peaked at $1,932 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($2,915 per ton), while the price for the United Arab Emirates ($496 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya
In 2022, approx. 3.8K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from Kenya; picking up by 96% against the year before. Overall, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses surged to $15M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +66.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,839 | 1,784 | 2,766 | 3,168 | 19.9% |
| Uganda | 1,399 | 793 | 980 | 2,607 | 23.1% |
| Netherlands | 5,143 | 4,405 | 3,631 | 1,760 | -30.1% |
| Denmark | 339 | 299 | 400 | 1,359 | 58.9% |
| Rwanda | 282 | 183 | 439 | 1,335 | 67.9% |
| Tanzania | 204 | 318 | 366 | 860 | 61.5% |
| Democratic Republic of the Congo | 18.7 | 9.5 | 112 | 534 | 205.7% |
| United Arab Emirates | 376 | 157 | 101 | 248 | -13.0% |
| South Sudan | 369 | 78.8 | 115 | 248 | -12.4% |
| Burundi | 62.3 | 20.1 | 111 | 228 | 54.1% |
| Somalia | 27.1 | 36.9 | 71.5 | 119 | 63.8% |
| Others | 693 | 716 | 922 | 2,179 | 46.5% |
| Total | 10,751 | 8,800 | 10,016 | 14,644 | 10.9% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Kenya in 2022:
- United Kingdom (768.3 tons)
- Uganda (599.4 tons)
- Netherlands (440.4 tons)
- Denmark (286.9 tons)
- Democratic Republic of the Congo (260.5 tons)
- Rwanda (245.2 tons)
- Burundi (239.1 tons)
- South Sudan (234.3 tons)
- Tanzania (111.5 tons)
- Somalia (88.8 tons)
- United Arab Emirates (84.4 tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya
In 2022, after three years of growth, there was significant decline in overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -71.2% to 1.4K tons. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 92%.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted rapidly to $1.6M in 2022. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 726 | 747 | 624 | 398 | -18.2% |
| Tanzania | 166 | 652 | 817 | 360 | 29.4% |
| China | 152 | 126 | 235 | 331 | 29.6% |
| South Africa | 345 | 412 | 212 | 260 | -9.0% |
| United Arab Emirates | 127 | 151 | 22.7 | 50.5 | -26.5% |
| Nigeria | 395 | 303 | 248 | 46.8 | -50.9% |
| Uganda | 86.2 | 1,367 | 1,693 | 0.1 | -89.5% |
| Vietnam | 492 | 1.2 | 496 | N/A | 0.4% |
| Others | 459 | 497 | 368 | 193 | -25.1% |
| Total | 2,949 | 4,257 | 4,714 | 1,638 | -17.8% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Kenya in 2022:
- Tanzania (672.3 tons)
- India (345.2 tons)
- China (159.0 tons)
- United Arab Emirates (101.8 tons)
- South Africa (89.1 tons)
- Nigeria (37.8 tons)
- Uganda (0.1 tons)
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