Price for Spices; Ginger, Crushed or Ground in South Africa - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in South Africa (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in South Africa (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in South Africa
- Exports of Spices; Ginger, Crushed or Ground in South Africa
Price for Spices; Ginger, Crushed or Ground in South Africa (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $2,749 per ton, with a decrease of -4.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20%. The import price peaked at $3,146 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 Germany ($6,930 per ton), while the price for Tanzania ($82 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $3,176 per ton, declining by -2.3% against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2017 an increase of 24%. The export price peaked at $3,630 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($5,416 per ton), while the average price for exports to Namibia ($2,410 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 Zimbabwe (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in South Africa
In 2022, overseas purchases of spices; ginger, crushed or ground decreased by -48.3% to 250 tons, falling for the second consecutive year after two years of growth. In general, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by 109% against the previous year. As a result, imports attained the peak of 609 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports dropped markedly to $687K in 2022. Overall, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of 118% against the previous year. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 456 | 824 | 600 | 462 | 0.4% |
| Nigeria | 142 | 405 | 456 | 80.0 | -17.4% |
| Germany | 19.8 | 55.8 | 39.9 | 47.0 | 33.4% |
| China | 127 | 217 | 231 | 44.2 | -29.7% |
| Vietnam | 27.7 | 63.8 | 2.8 | 11.8 | -24.8% |
| Mozambique | N/A | N/A | N/A | 11.2 | 0% |
| Bangladesh | N/A | N/A | 1.3 | 8.2 | 530.8% |
| Tanzania | N/A | N/A | 0.3 | 1.0 | 233.3% |
| United Arab Emirates | N/A | 111 | 29.5 | N/A | -73.4% |
| Others | 14.8 | 41.3 | 34.8 | 21.8 | 13.8% |
| Total | 787 | 1,719 | 1,396 | 687 | -4.4% |
Top Suppliers of Spices; Ginger, Crushed or Ground to South Africa in 2022:
- United Arab Emirates (undefined tons)
- India (165.2 tons)
- China (34.5 tons)
- Tanzania (12.8 tons)
- Nigeria (12.6 tons)
- Germany (6.8 tons)
- Mozambique (6.7 tons)
- Bangladesh (3.8 tons)
- Vietnam (3.2 tons)
Exports of Spices; Ginger, Crushed or Ground in South Africa
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; ginger, crushed or ground, when their volume decreased by -9.7% to 329 tons. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
In value terms, spices; ginger, crushed or ground exports dropped to $1M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 8.8 | N/A | N/A | 460 | 273.9% |
| Botswana | 366 | 469 | 709 | 220 | -15.6% |
| Namibia | 35.5 | 148 | 139 | 139 | 57.6% |
| Lesotho | 243 | 250 | 139 | 97.8 | -26.2% |
| Swaziland | 22.1 | 21.2 | 33.9 | 36.5 | 18.2% |
| Mozambique | 25.6 | 21.4 | 52.7 | 18.2 | -10.7% |
| Zimbabwe | 15.8 | 37.1 | 46.4 | 15.4 | -0.9% |
| Zambia | 62.7 | 33.8 | 45.5 | 12.5 | -41.6% |
| Others | 37.9 | 111 | 18.5 | 45.5 | 6.3% |
| Total | 817 | 1,092 | 1,184 | 1,045 | 8.6% |
Top Export Markets for Spices; Ginger, Crushed or Ground from South Africa in 2022:
- Canada (160.2 tons)
- Namibia (57.7 tons)
- Botswana (40.6 tons)
- Lesotho (31.2 tons)
- Swaziland (14.2 tons)
- Mozambique (5.7 tons)
- Zimbabwe (5.0 tons)
- Zambia (2.5 tons)
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