Price for Spices; Ginger, Neither Crushed Nor Ground in Angola - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Angola (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Angola (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Angola
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Angola
Price for Spices; Ginger, Neither Crushed Nor Ground in Angola (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $766 per ton in 2022, rising by 2% against the previous year. In general, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2015 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $2,025 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($1,052 per ton), while the price for China amounted to $740 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Angola (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $1,144 per ton, reducing by -74% against the previous year. Overall, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 558% against the previous year. The export price peaked at $4,408 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bahamas ($5,541 per ton), while the average price for exports to Greece ($80 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Angola
In 2022, overseas purchases of spices; ginger, neither crushed nor ground were finally on the rise to reach 120 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep setback.
In value terms, imports of spices; ginger, neither crushed nor ground skyrocketed to $92K in 2022. Overall, imports, however, faced a deep downturn.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 103 | 95.8 | 67.9 | 81.6 | -7.5% |
| Portugal | 50.0 | 5.2 | 2.4 | 8.8 | -44.0% |
| Democratic Republic of the Congo | 8.8 | 0.8 | N/A | 0.3 | -67.6% |
| Others | 3.7 | N/A | 0.1 | 1.5 | -26.0% |
| Total | 165 | 102 | 70.3 | 92.2 | -17.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Angola in 2022:
- China (110.2 tons)
- Portugal (8.4 tons)
- Democratic Republic of the Congo (0.8 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Angola
In 2022, exports of spices; ginger, neither crushed nor ground from Angola reduced remarkably to 229 kg, falling by -52.8% compared with the previous year. Overall, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5,963%.
In value terms, exports of spices; ginger, neither crushed nor ground reduced markedly to $262 in 2022. Over the period under review, exports saw a sharp decline. The pace of growth appeared the most rapid in 2021 when exports increased by 10,081%. As a result, the exports reached the peak of $2.1K, and then fell rapidly in the following year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bahamas | N/A | N/A | 66.0 | 205 | 210.6% |
| Iceland | N/A | N/A | 7.0 | 21.0 | 200.0% |
| Marshall Islands | N/A | N/A | N/A | 12.0 | 0% |
| Greece | N/A | N/A | N/A | 10.0 | 0% |
| Liberia | N/A | N/A | N/A | 6.0 | 0% |
| Cyprus | N/A | N/A | N/A | 6.0 | 0% |
| Namibia | N/A | N/A | 2,021 | N/A | 0% |
| Congo | 41.0 | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | 1,658 | N/A | 17.0 | N/A | -89.9% |
| Others | N/A | 21.0 | 27.0 | 2.0 | -69.1% |
| Total | 1,699 | 21.0 | 2,138 | 262 | -46.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Angola in 2022:
- Greece (125.0 kg)
- Bahamas (37.0 kg)
- Iceland (25.0 kg)
- Marshall Islands (17.0 kg)
- Cyprus (15.0 kg)
- Liberia (9.0 kg)
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