Price for Spices; Cardamoms, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Kenya (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Kenya (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Kenya
- Imports of Spices; Cardamoms, Crushed or Ground in Kenya
Price for Spices; Cardamoms, Crushed or Ground in Kenya (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $26,471 per ton, growing by 7.8% against the previous year. Overall, the export price posted a strong increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 69% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($33,667 per ton), while the average price for exports to Canada ($10,000 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 Israel (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Kenya (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $23,420 per ton in 2022, picking up by 6% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 69%. As a result, import price attained the peak level of $29,098 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
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 Sri Lanka ($74,325 per ton), while the price for India ($8,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+20.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cardamoms, Crushed or Ground in Kenya
In 2022, overseas shipments of spices; cardamoms, crushed or ground decreased by -15% to 34 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,033% against the previous year.
In value terms, spices; cardamoms, crushed or ground exports reduced to $900 in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 1,473%.
| Export of Spices; Cardamoms, Crushed or Ground in Kenya (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | N/A | N/A | 652 | 763 | 17.0% |
| Uganda | 49.0 | 360 | 70.0 | 101 | 27.3% |
| Rwanda | N/A | N/A | N/A | 26.0 | 0% |
| Canada | 3.0 | 44.0 | 7.0 | 10.0 | 49.4% |
| Australia | N/A | 392 | N/A | N/A | 0% |
| Bahrain | N/A | 22.0 | 248 | N/A | 1027.3% |
| Others | N/A | N/A | 5.0 | N/A | 0% |
| Total | 52.0 | 818 | 982 | 900 | 158.7% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Kenya in 2022:
- Israel (29.0 kg)
- Uganda (3.0 kg)
- Canada (1.0 kg)
- Rwanda (1.0 kg)
Imports of Spices; Cardamoms, Crushed or Ground in Kenya
In 2022, spices; cardamoms, crushed or ground imports into Kenya fell rapidly to 662 kg, waning by -37.9% compared with the year before. In general, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 with an increase of 316% against the previous year.
In value terms, spices; cardamoms, crushed or ground imports dropped markedly to $16K in 2022. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 216% against the previous year.
| Import of Spices; Cardamoms, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 96.3 | 5.8 | 10.7 | 9.8 | -53.3% |
| Sri Lanka | 13.4 | 1.7 | 12.8 | 5.7 | -24.8% |
| Others | 1.9 | N/A | 0.1 | N/A | -77.1% |
| Total | 112 | 7.4 | 23.6 | 15.5 | -48.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Kenya in 2022:
- United Arab Emirates (584.0 kg)
- Sri Lanka (77.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kenya.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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