Price for Spices; Ginger, Crushed or Ground in Egypt - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Egypt (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Egypt (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Egypt
- Exports of Spices; Ginger, Crushed or Ground in Egypt
Price for Spices; Ginger, Crushed or Ground in Egypt (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $4,078 per ton in 2022, remaining stable against the previous year. Over the period under review, import price indicated a slight expansion from 2014 to 2022: its price increased at an average annual rate of +1.6% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; ginger, crushed or ground import price increased by +25.9% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43% against the previous year. The import price peaked at $5,465 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Jordan ($4,078 per ton) and the Netherlands ($4,078 per ton), while the price for China ($4,078 per ton) and Nigeria ($4,078 per ton) were amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Egypt (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $4,132 per ton in 2022, surging by 63% against the previous year. Overall, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 81% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,260 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($4,132 per ton), while the average price for exports to the UK ($4,132 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 Sweden (-6.0%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Crushed or Ground in Egypt
In 2022, approx. 156 tons of spices; ginger, crushed or ground were imported into Egypt; picking up by 232% against 2021 figures. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports soared to $638K in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Ginger, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 238 | 189 | 55.2 | 417 | 20.6% |
| Jordan | 15.7 | 112 | 4.9 | 97.9 | 84.1% |
| Nigeria | 44.2 | 23.8 | 35.1 | 91.1 | 27.3% |
| United Arab Emirates | 5.1 | 40.9 | 56.7 | 20.1 | 58.0% |
| Netherlands | 10.6 | 9.3 | 6.4 | 8.8 | -6.0% |
| Others | 18.7 | 19.0 | 32.1 | 3.0 | -45.7% |
| Total | 333 | 394 | 190 | 638 | 24.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Egypt in 2022:
- China (102.2 tons)
- Jordan (24.0 tons)
- Nigeria (22.3 tons)
- United Arab Emirates (4.9 tons)
- Netherlands (2.1 tons)
Exports of Spices; Ginger, Crushed or Ground in Egypt
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -98.9% to 451 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year.
In value terms, spices; ginger, crushed or ground exports contracted markedly to $1.9K in 2022. Over the period under review, exports saw a significant decrease. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 44.7 | 52.4 | 60.7 | 1.7 | -66.4% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Colombia | 2.1 | 4.5 | 7.6 | N/A | 90.2% |
| India | N/A | N/A | 2.5 | N/A | 0% |
| Indonesia | N/A | 3.3 | N/A | N/A | 0% |
| Poland | 2.0 | 2.2 | 2.3 | N/A | 7.2% |
| Seychelles | N/A | N/A | N/A | N/A | 0% |
| United States | 16.6 | 14.4 | 9.2 | N/A | -25.6% |
| Others | 7.2 | 10.3 | 22.3 | N/A | 76.0% |
| Total | 72.6 | 87.1 | 105 | 1.9 | -70.3% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Egypt in 2022:
- Saudi Arabia (412.0 kg)
- United Kingdom (30.0 kg)
- Seychelles (9.0 kg)
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