Price for Spices; Mace, Neither Crushed Nor Ground in South Africa - 2023

Contents:

1. Price for Spices; Mace, Neither Crushed Nor Ground in South Africa (CIF) - 2022
2. Price for Spices; Mace, Neither Crushed Nor Ground in South Africa (FOB) - 2022
3. Imports of Spices; Mace, Neither Crushed Nor Ground in South Africa
4. Exports of Spices; Mace, Neither Crushed Nor Ground in South Africa

Price for Spices; Mace, Neither Crushed Nor Ground in South Africa (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $22,180 per ton, growing by 14% against the previous year. In general, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 61% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($22,864 per ton), while the price for India amounted to $21,435 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Mace, Neither Crushed Nor Ground in South Africa (FOB) - 2022

The average export price for spices; mace, neither crushed nor ground stood at $12,538 per ton in 2022, growing by 945% against the previous year. In general, the export price continues to indicate a significant expansion. Over the period under review, the average export prices hit record highs at $18,000 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($56,778 per ton), while the average price for exports to Malaysia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Namibia (+17.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spices; Mace, Neither Crushed Nor Ground in South Africa

Imports of spices; mace, neither crushed nor ground into South Africa shrank dramatically to 1.9 tons in 2022, dropping by -61.3% on 2021. Over the period under review, imports showed a sharp decline. The smallest decline of -11% was in 2020.

In value terms, imports of spices; mace, neither crushed nor ground contracted rapidly to $43K in 2022. In general, imports saw a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 18%. As a result, imports reached the peak of $135K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to South Africa in 2022:

1. Indonesia (1000.0 kg)
2. India (928.0 kg)

Exports of Spices; Mace, Neither Crushed Nor Ground in South Africa

In 2022, approx. 65 kg of spices; mace, neither crushed nor ground were exported from South Africa; surging by 8.3% compared with 2021. Over the period under review, exports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 216%. As a result, the exports attained the peak of 183 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of spices; mace, neither crushed nor ground surged to $815 in 2022. Overall, exports saw a noticeable expansion.

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from South Africa in 2022:

1. Botswana (55.0 kg)
2. Netherlands (9.0 kg)
3. Malaysia (1.0 kg)

Source: IndexBox Market Intelligence Platform