Price for Spices; Mace, Crushed or Ground in Kenya - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Kenya (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Kenya (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Kenya
- Exports of Spices; Mace, Crushed or Ground in Kenya
Price for Spices; Mace, Crushed or Ground in Kenya (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $6,036 per ton, with a decrease of -34.9% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 83% against the previous year. Over the period under review, average import prices reached the peak figure at $42,800 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 India ($22,565 per ton), while the price for the Netherlands totaled $5,991 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mace, Crushed or Ground in Kenya (FOB) - 2022
In 2021, the average export price for spices; mace, crushed or ground amounted to $2,263 per ton, reducing by -67.7% against the previous year. Over the period under review, the export price saw a sharp descent. The pace of growth was the most pronounced in 2020 when the average export price decreased by -43.3%. Over the period under review, the average export prices attained the peak figure at $12,340 per ton in 2019; however, from 2020 to 2021, 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 Bahrain.
From 2019 to 2021, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.
Imports of Spices; Mace, Crushed or Ground in Kenya
In 2022, imports of spices; mace, crushed or ground into Kenya skyrocketed to 2.4 tons, picking up by 119% compared with the previous year's figure. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 637% against the previous year. As a result, imports attained the peak of 3.8 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground imports soared to $15K in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 275% against the previous year. As a result, imports attained the peak of $19K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Mace, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.7 | 16.9 | 4.7 | 7.3 | 15.8% |
| United Arab Emirates | N/A | 1.4 | N/A | N/A | 0% |
| Others | 0.4 | 0.6 | 5.6 | 7.4 | 164.5% |
| Total | 5.1 | 19.0 | 10.3 | 14.7 | 42.3% |
Top Suppliers of Spices; Mace, Crushed or Ground to Kenya in 2022:
- Netherlands (1.2 tons)
Exports of Spices; Mace, Crushed or Ground in Kenya
In 2021, approx. 2.5 tons of spices; mace, crushed or ground were exported from Kenya; picking up by 31,150% compared with the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; mace, crushed or ground exports surged to $5.7K in 2021. Over the period under review, exports continue to indicate perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mace, Crushed or Ground in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Bahrain | N/A | N/A | 5.7 | 0% | |
| Norway | 5.2 | N/A | N/A | 0% | |
| Others | N/A | 0.1 | N/A | 0% | |
| Total | 5.2 | 0.1 | 5.7 | 4.7% | |
Top Export Markets for Spices; Mace, Crushed or Ground from Kenya in 2022:
- Bahrain (2.5 tons)
601
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Kenya.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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3799
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8476
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3916
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
