Price for Spices; Ginger, Neither Crushed Nor Ground in Egypt - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Egypt (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Egypt (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Egypt
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Egypt
Price for Spices; Ginger, Neither Crushed Nor Ground in Egypt (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,865 per ton in 2022, falling by -22.9% against the previous year. Over the period under review, the import price recorded a mild downturn. The growth pace was the most rapid in 2015 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $2,770 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,865 per ton), while the price for China ($1,865 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Egypt (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,749 per ton in 2022, which is down by -34.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 a decrease of -0.1% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,557 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Seychelles.
From 2015 to 2022, the rate of growth in terms of prices for Canada amounted to +7.5% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Egypt
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; ginger, neither crushed nor ground, when their volume decreased by -36.6% to 2.1K tons. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports attained the peak of 3.4K tons, and then reduced rapidly in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground reduced dramatically to $4M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 42% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.9 | 1.9 | 2.0 | -8.4% |
| Nigeria | 1.2 | 2.1 | 2.7 | 1.1 | -2.9% |
| India | 0.1 | 0.2 | 2.7 | 0.9 | 108.0% |
| Others | 0.1 | 0.6 | 0.9 | N/A | 200.0% |
| Total | 4.1 | 5.8 | 8.2 | 4.0 | -0.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Egypt in 2022:
- China (1067.3 tons)
- Nigeria (583.1 tons)
- India (480.5 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Egypt
In 2022, after two years of growth, there was significant decline in shipments abroad of spices; ginger, neither crushed nor ground, when their volume decreased by -79.7% to 5.7 tons. In general, exports recorded a sharp decline. The growth pace was the most rapid in 2021 with an increase of 146% against the previous year. As a result, the exports attained the peak of 28 tons, and then dropped rapidly in the following year.
In value terms, exports of spices; ginger, neither crushed nor ground fell markedly to $10K in 2022. Over the period under review, exports recorded a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of 146% against the previous year. As a result, the exports reached the peak of $76K, and then dropped sharply in the following year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Seychelles | 0.2 | 1.4 | 9.9 | 603.6% | |
| Kuwait | 1.8 | 4.8 | N/A | 166.7% | |
| Palestine | N/A | 5.9 | N/A | 0% | |
| United Kingdom | N/A | 18.5 | N/A | 0% | |
| Guatemala | 5.0 | N/A | N/A | 0% | |
| United States | N/A | 7.8 | N/A | 0% | |
| Greece | 2.9 | N/A | N/A | 0% | |
| Poland | 3.4 | 3.1 | N/A | -8.8% | |
| Turkey | N/A | 24.2 | N/A | 0% | |
| Saudi Arabia | 5.2 | 1.4 | N/A | -73.1% | |
| Brazil | N/A | 4.8 | N/A | 0% | |
| Ukraine | 0.7 | N/A | N/A | 0% | |
| Others | 11.4 | 3.6 | 0.1 | -90.6% | |
| Total | 30.7 | 75.5 | 10.0 | -42.9% | |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Egypt in 2022:
- Seychelles (5.7 tons)
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