Price for Spices; Ginger, Crushed or Ground in Kenya - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Kenya (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in Kenya (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in Kenya
- Imports of Spices; Ginger, Crushed or Ground in Kenya
Price for Spices; Ginger, Crushed or Ground in Kenya (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $4,383 per ton, declining by -16.6% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 68% against the previous year. Over the period under review, the average export prices attained the peak figure at $7,338 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($4,284 per ton), while the average price for exports to the United States amounted to $2,727 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (-6.8%).
Price for Spices; Ginger, Crushed or Ground in Kenya (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $415 per ton in 2022, rising by 34% against the previous year. Over the period under review, the import price, however, saw a sharp shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 52% against the previous year. The import price peaked at $4,871 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($4,336 per ton), while the price for the United Arab Emirates ($265 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-3.2%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Ginger, Crushed or Ground in Kenya
For the fourth consecutive year, Kenya recorded growth in overseas shipments of spices; ginger, crushed or ground, which increased by 3.2% to 34 tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, spices; ginger, crushed or ground exports shrank to $148K in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $172K, and then reduced in the following year.
| Export of Spices; Ginger, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uganda | 140 | 109 | 159 | 142 | 0.5% |
| South Sudan | N/A | N/A | 3.2 | N/A | 0% |
| Somalia | N/A | 6.5 | N/A | N/A | 0% |
| Others | 1.4 | 8.4 | 10.0 | 6.0 | 62.4% |
| Total | 142 | 124 | 172 | 148 | 1.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Kenya in 2022:
- Uganda (33.1 tons)
Imports of Spices; Ginger, Crushed or Ground in Kenya
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; ginger, crushed or ground, when their volume decreased by -34% to 175 tons. In general, total imports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of 266 tons, and then declined rapidly in the following year.
In value terms, spices; ginger, crushed or ground imports dropped to $73K in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 30%.
| Import of Spices; Ginger, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 105 | 27.2 | 16.6 | 44.4 | -24.9% |
| South Africa | 14.7 | 3.8 | 3.4 | 13.8 | -2.1% |
| India | 10.7 | 1.2 | 2.1 | 7.3 | -12.0% |
| Nigeria | N/A | 27.2 | 52.5 | N/A | 93.0% |
| Uganda | N/A | 2.9 | N/A | N/A | 0% |
| Others | 6.0 | 1.1 | 7.5 | 7.2 | 6.3% |
| Total | 136 | 63.3 | 82.1 | 72.7 | -18.8% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Kenya in 2022:
- United Arab Emirates (167.5 tons)
- South Africa (3.2 tons)
- India (2.9 tons)
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