Price for Spices; Mace, Crushed or Ground in South Africa - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in South Africa (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in South Africa (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in South Africa
- Exports of Spices; Mace, Crushed or Ground in South Africa
Price for Spices; Mace, Crushed or Ground in South Africa (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $14,941 per ton in 2022, which is down by -12.7% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 84% against the previous year. The import price peaked at $22,887 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -1.4% per year.
Price for Spices; Mace, Crushed or Ground in South Africa (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $5,661 per ton, which is down by -39.5% against the previous year. In general, the export price, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 73%. The export price peaked at $21,700 per ton in 2016; however, from 2017 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 Botswana ($30,500 per ton), while the average price for exports to Namibia stood at $4,789 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in South Africa
After three years of growth, supplies from abroad of spices; mace, crushed or ground decreased by -37% to 6.9 tons in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. As a result, imports attained the peak of 11 tons, and then fell dramatically in the following year.
In value terms, spices; mace, crushed or ground imports dropped markedly to $103K in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 196%.
| Import of Spices; Mace, Crushed or Ground in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.6 | 29.9 | 77.0 | 103 | 240.9% |
| China | N/A | N/A | 34.5 | N/A | 0% |
| Malaysia | 13.9 | 11.3 | 7.2 | N/A | -28.0% |
| Singapore | N/A | 22.3 | 64.0 | N/A | 187.0% |
| Ethiopia | 2.7 | 2.9 | 1.2 | N/A | -33.3% |
| Others | 5.6 | 7.1 | 3.1 | N/A | -25.6% |
| Total | 24.8 | 73.5 | 187 | 103 | 60.7% |
Top Suppliers of Spices; Mace, Crushed or Ground to South Africa in 2022:
- Indonesia (6.9 tons)
Exports of Spices; Mace, Crushed or Ground in South Africa
After two years of decline, overseas shipments of spices; mace, crushed or ground increased by 321% to 59 kg in 2022. Over the period under review, exports recorded a significant expansion. 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 $334 in 2022. Overall, exports, however, showed a abrupt descent.
| Export of Spices; Mace, Crushed or Ground in South Africa (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 30.0 | 28.0 | 13.0 | 273 | 108.8% |
| Botswana | 63.0 | 31.0 | 8.0 | 61.0 | -1.1% |
| Switzerland | 250 | 124 | 34.0 | N/A | -63.1% |
| Zambia | 16.0 | N/A | N/A | N/A | 0% |
| Angola | 179 | 150 | 70.0 | N/A | -37.5% |
| Others | 5.0 | 3.0 | 6.0 | N/A | 9.5% |
| Total | 543 | 336 | 131 | 334 | -15.0% |
Top Export Markets for Spices; Mace, Crushed or Ground from South Africa in 2022:
- Namibia (57.0 kg)
- Botswana (2.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in South Africa.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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.
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