Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,881 per ton in 2022, reducing by -37.6% against the previous year. Overall, the export price recorded a pronounced setback. The growth pace was the most rapid in 2015 an increase of 61% against the previous year. The export price peaked at $7,430 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($5,955 per ton), while the average price for exports to Rwanda ($953 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 France (+131.6%), while the prices for the other major destinations experienced a decline.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,618 per ton, reducing by -35.7% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average import price increased by 54%. Over the period under review, average import prices attained the peak figure at $2,516 per ton in 2021, and then dropped markedly in the following year.
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 India ($1,794 per ton), while the price for the United Arab Emirates stood at $510 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground increased by 630% to 16 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $46K in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 33.8 | 0% |
| France | N/A | N/A | N/A | 11.4 | 0% |
| Rwanda | 0.2 | 0.3 | 0.1 | 0.4 | 26.0% |
| Oman | 5.4 | N/A | N/A | 0.3 | -61.8% |
| Germany | 2.1 | 2.1 | 2.7 | N/A | 13.4% |
| India | 8.0 | 13.8 | 5.2 | N/A | -19.4% |
| United Arab Emirates | 5.7 | 1.9 | 0.1 | N/A | -86.8% |
| Others | 2.6 | 3.7 | 2.0 | 0.5 | -42.3% |
| Total | 24.0 | 21.9 | 10.2 | 46.3 | 24.5% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Tanzania in 2022:
- Spain (13.0 tons)
- France (2.5 tons)
- Rwanda (0.4 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania
In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -84% to 15 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 175%.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined notably to $24K in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 222%.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 27.5 | 93.2 | 216 | 22.8 | -6.1% |
| United Arab Emirates | 0.9 | 1.1 | 9.2 | 1.0 | 3.6% |
| Others | 3.1 | 7.4 | 7.8 | 0.1 | -68.2% |
| Total | 31.6 | 102 | 233 | 23.9 | -8.9% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Tanzania in 2022:
- India (12.7 tons)
- United Arab Emirates (2.0 tons)
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