Price for Spices; Mace, Crushed or Ground in Tanzania - 2022
Contents:
- Price for Spices; Mace, Crushed or Ground in Tanzania (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Tanzania (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Tanzania
- Exports of Spices; Mace, Crushed or Ground in Tanzania
Price for Spices; Mace, Crushed or Ground in Tanzania (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $2,429 per ton, increasing by 39% against the previous year. In general, the import price recorded prominent growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 64% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
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 the United Arab Emirates amounted to +42.5% per year.
Price for Spices; Mace, Crushed or Ground in Tanzania (FOB) - 2022
In 2021, the average export price for spices; mace, crushed or ground amounted to $10,090 per ton, surging by 26% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of +26.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($35,919 per ton), while the average price for exports to Bahrain stood at $9,600 per ton.
From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in Tanzania
In 2022, supplies from abroad of spices; mace, crushed or ground decreased by -96.6% to 14 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2020 with an increase of 359% against the previous year. As a result, imports attained the peak of 1.3 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mace, crushed or ground imports fell dramatically to $34 in 2022. Over the period under review, imports recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 246% against the previous year. As a result, imports attained the peak of $1.4K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Mace, Crushed or Ground in Tanzania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 352 | 49.0 | 21.0 | 34.0 | -54.1% |
| United Arab Emirates | 56.0 | 1,364 | 702 | N/A | 254.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 408 | 1,413 | 723 | 34.0 | -56.3% |
Top Suppliers of Spices; Mace, Crushed or Ground to Tanzania in 2022:
- India (14.0 kg)
Exports of Spices; Mace, Crushed or Ground in Tanzania
In 2021, the amount of spices; mace, crushed or ground exported from Tanzania reduced markedly to 4.1 tons, with a decrease of -41.8% against the previous year's figure. Overall, exports saw a dramatic slump.
In value terms, spices; mace, crushed or ground exports plummeted to $41K in 2021. Over the period under review, exports saw a dramatic contraction.
| Export of Spices; Mace, Crushed or Ground in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Bahrain | N/A | 37.8 | 0% | ||
| Switzerland | N/A | 2.7 | 0% | ||
| Egypt | 56.0 | N/A | 0% | ||
| Others | N/A | 0.6 | 0% | ||
| Total | 56.0 | 41.1 | -26.6% | ||
Top Export Markets for Spices; Mace, Crushed or Ground from Tanzania in 2022:
- Bahrain (3.9 tons)
- Switzerland (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Tanzania.
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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 Tanzania.
4045
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3825
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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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,
3825
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
8507
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.
3944
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,
