Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,551 per ton, reducing by -3.3% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2018 an increase of 19%. The import price peaked at $3,300 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,728 per ton), while the price for China amounted to $1,449 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uganda (+5.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,977 per ton, shrinking by -45.6% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 24%. Over the period under review, the average export prices attained the maximum at $7,176 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,088 per ton), while the average price for exports to South Sudan ($212 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 Uganda (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya
After two years of decline, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground increased by 117% to 129 tons in 2022. In general, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $200K in 2022. Over the period under review, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 79.9 | 28.2 | 29.9 | 132 | 18.2% |
| India | 79.1 | 44.1 | 50.0 | 63.6 | -7.0% |
| Others | 13.8 | 11.9 | 15.1 | 4.1 | -33.3% |
| Total | 173 | 84.1 | 95.0 | 200 | 5.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Kenya in 2022:
- China (91.1 tons)
- India (36.8 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -34.4% to 9.9 tons. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 280% against the previous year. As a result, the exports attained the peak of 15 tons, and then declined notably in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted dramatically to $30K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 310% against the previous year. As a result, the exports attained the peak of $83K, and then shrank sharply in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 3.9 | 4.1 | 25.3 | 12.3 | 46.6% |
| Germany | 0.7 | 1.6 | 21.5 | 12.2 | 159.3% |
| Oman | N/A | N/A | N/A | 2.1 | 0% |
| United Kingdom | 0.3 | 0.5 | 1.2 | 1.2 | 58.7% |
| South Sudan | N/A | N/A | N/A | 0.8 | 0% |
| Democratic Republic of the Congo | N/A | N/A | N/A | 0.7 | 0% |
| Congo | N/A | N/A | N/A | 0.2 | 0% |
| Ireland | 2.6 | 8.7 | 12.0 | N/A | 114.8% |
| United States | 0.5 | 1.0 | 3.4 | N/A | 160.8% |
| Canada | 0.9 | 0.9 | 9.2 | N/A | 219.7% |
| Others | 1.4 | 3.5 | 10.3 | 0.3 | -40.2% |
| Total | 10.2 | 20.2 | 82.9 | 29.6 | 42.6% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Kenya in 2022:
- South Sudan (3.6 tons)
- Uganda (2.0 tons)
- Democratic Republic of the Congo (1.5 tons)
- Germany (1.5 tons)
- Oman (0.6 tons)
- United Kingdom (0.4 tons)
- Congo (0.3 tons)
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