Price for Spices; Ginger, Crushed or Ground in Angola - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Angola (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Angola (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Angola
- Exports of Spices; Ginger, Crushed or Ground in Angola
Price for Spices; Ginger, Crushed or Ground in Angola (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $6,200 per ton, reducing by -19.8% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $8,809 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Namibia ($15,783 per ton), while the price for India ($912 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Angola (FOB) - 2022
In 2021, the average export price for spices; ginger, crushed or ground amounted to $2,667 per ton, declining by -38.5% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 204% against the previous year. The export price peaked at $4,333 per ton in 2020, and then reduced rapidly in the following year.
Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was South Africa ($2,690 per ton), while the average price for exports to the UK totaled $2,661 per ton.
From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+70.4%).
Imports of Spices; Ginger, Crushed or Ground in Angola
In 2022, approx. 9.3 tons of spices; ginger, crushed or ground were imported into Angola; jumping by 164% on the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 408% against the previous year. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports skyrocketed to $58K in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 485%. As a result, imports attained the peak of $88K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 6.5 | 39.1 | 10.1 | 17.3 | 38.6% |
| Spain | 2.0 | 23.6 | 4.2 | 7.1 | 52.5% |
| South Africa | 3.1 | 6.4 | 3.2 | 4.3 | 11.5% |
| United Arab Emirates | 1.8 | 8.8 | 1.1 | 2.8 | 15.9% |
| Democratic Republic of the Congo | 0.4 | 3.3 | 0.9 | 2.7 | 89.0% |
| India | 0.2 | 1.4 | 0.8 | 2.0 | 115.4% |
| Belgium | 0.2 | 0.4 | 0.2 | 0.5 | 35.7% |
| Lebanon | N/A | 1.8 | 0.1 | 0.4 | -52.9% |
| Others | 0.7 | 3.3 | 6.6 | 20.6 | 208.7% |
| Total | 15.1 | 88.1 | 27.2 | 57.7 | 56.3% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Angola in 2022:
- India (2.2 tons)
- Portugal (1.4 tons)
- South Africa (0.9 tons)
- United Arab Emirates (0.8 tons)
- Democratic Republic of the Congo (0.7 tons)
- Spain (0.6 tons)
- Belgium (0.3 tons)
- Lebanon (0.2 tons)
Exports of Spices; Ginger, Crushed or Ground in Angola
Spices; ginger, crushed or ground exports from Angola dropped dramatically to 6 kg in 2021, which is down by -50% on the previous year's figure. In general, exports recorded a dramatic contraction.
In value terms, spices; ginger, crushed or ground exports dropped dramatically to $16 in 2021. Overall, exports faced a dramatic downturn.
| Export of Spices; Ginger, Crushed or Ground in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| United Kingdom | N/A | 13.0 | 0% | ||
| South Africa | N/A | 3.0 | 0% | ||
| Namibia | 5.0 | N/A | 0% | ||
| United States | 47.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 52.0 | 16.0 | -69.2% | ||
Top Export Markets for Spices; Ginger, Crushed or Ground from Angola in 2022:
- United Kingdom (5.0 kg)
- South Africa (1.0 kg)
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