Price for Spices; Ginger, Neither Crushed Nor Ground in Tanzania - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Tanzania (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Tanzania (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Tanzania
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Tanzania
Price for Spices; Ginger, Neither Crushed Nor Ground in Tanzania (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $843 per ton, surging by 7.2% against the previous year. Over the period under review, the export price, however, showed a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices attained the maximum at $4,941 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burundi ($856 per ton), while the average price for exports to Uganda stood at $200 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (-12.7%), while the prices for the other major destinations experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Tanzania (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $6,901 per ton, jumping by 463% against the previous year. Overall, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Uganda amounted to +15.6% per year.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Tanzania
After two years of decline, overseas shipments of spices; ginger, neither crushed nor ground increased by 168% to 1K tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, exports of spices; ginger, neither crushed nor ground soared to $866K in 2022. Overall, exports, however, showed a relatively flat trend pattern.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Burundi | 71.1 | 86.0 | 17.9 | 862 | 129.7% |
| Uganda | 0.2 | 0.1 | N/A | 4.0 | 171.4% |
| Rwanda | 581 | 507 | 271 | N/A | -31.7% |
| United Arab Emirates | 83.3 | N/A | N/A | N/A | 0% |
| Others | 153 | 26.0 | 12.0 | N/A | -72.0% |
| Total | 888 | 619 | 301 | 866 | -0.8% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Tanzania in 2022:
- Burundi (1006.7 tons)
- Uganda (20.2 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Tanzania
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -98% to 515 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 371% against the previous year. As a result, imports attained the peak of 26 tons, and then declined notably in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground plummeted to $3.6K in 2022. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 376%. As a result, imports reached the peak of $32K, and then shrank sharply in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 0.5 | 2.4 | 3.6 | 58.7% |
| Uganda | 2.8 | 3.9 | 11.2 | N/A | 100.0% |
| China | 0.5 | 1.4 | 16.3 | N/A | 471.0% |
| United Arab Emirates | 5.5 | N/A | 1.1 | N/A | -55.3% |
| Others | 1.0 | 0.9 | 1.1 | N/A | 4.9% |
| Total | 10.6 | 6.7 | 32.1 | 3.6 | -30.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Tanzania in 2022:
- India (514.0 kg)
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