Price for Spices; Mixtures of 2 or More Products of the Same Heading in Angola - 2022

Contents:

  1. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Angola (CIF) - 2022
  2. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Angola (FOB) - 2022
  3. Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Angola
  4. Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Angola

Price for Spices; Mixtures of 2 or More Products of the Same Heading in Angola (CIF) - 2022

The average import price for spices; mixtures of 2 or more products of the same heading stood at $1,962 per ton in 2022, growing by 16% against the previous year. In general, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. As a result, import price reached the peak level of $3,399 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($3,850 per ton), while the price for China ($657 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Mixtures of 2 or More Products of the Same Heading in Angola (FOB) - 2022

The average export price for spices; mixtures of 2 or more products of the same heading stood at $3,029 per ton in 2022, jumping by 1,549% against the previous year. Over the period under review, the export price, however, recorded a sharp curtailment. Over the period under review, the average export prices hit record highs at $26,625 per ton in 2015; however, from 2016 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 Zambia ($67,667 per ton), while the average price for exports to Italy ($400 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+1,510.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Angola

In 2022, the amount of spices; mixtures of 2 or more products of the same heading imported into Angola reduced to 238 tons, falling by -13.6% on the previous year. Over the period under review, imports showed a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 19%. As a result, imports attained the peak of 276 tons, and then contracted in the following year.

In value terms, imports of spices; mixtures of 2 or more products of the same heading amounted to $468K in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year.

Import of Spices; Mixtures of 2 or More Products of the Same Heading in Angola (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Portugal284163224275-1.1%
Turkey93.970.789.242.1-23.5%
China33.13.318.035.52.4%
South Africa48.024.734.233.7-11.1%
Spain42.718.214.730.3-10.8%
India12.835.619.721.218.3%
Lebanon27.624.613.217.4-14.3%
Others53.230.555.012.1-39.0%
Total595370468468-7.7%

Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Angola in 2022:

  1. Portugal (71.5 tons)
  2. Turkey (56.3 tons)
  3. China (54.1 tons)
  4. Spain (18.5 tons)
  5. India (11.9 tons)
  6. Lebanon (11.9 tons)
  7. South Africa (9.3 tons)

Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Angola

In 2022, exports of spices; mixtures of 2 or more products of the same heading from Angola declined significantly to 103 kg, with a decrease of -83.8% compared with the previous year. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 2,795%. As a result, the exports reached the peak of 637 kg, and then declined markedly in the following year.

In value terms, exports of spices; mixtures of 2 or more products of the same heading skyrocketed to $312 in 2022. In general, exports continue to indicate a abrupt contraction.

Export of Spices; Mixtures of 2 or More Products of the Same Heading in Angola (USD)
COUNTRY2019202020212022CAGR,
2019-2022
ZambiaN/AN/AN/A2030%
CubaN/AN/A1.038.03700.0%
United StatesN/AN/AN/A37.00%
LebanonN/AN/AN/A30.00%
ItalyN/AN/AN/A4.00%
Democratic Republic of the CongoN/AN/A50.0N/A0%
France42390.055.0N/A-63.9%
LiberiaN/AN/A1.0N/A0%
Others8.07.010.0N/A11.8%
Total43197.0117312-10.2%

Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Angola in 2022:

  1. Lebanon (40.0 kg)
  2. Cuba (40.0 kg)
  3. United States (10.0 kg)
  4. Italy (10.0 kg)
  5. Zambia (3.0 kg)

Source: IndexBox Market Intelligence Platform

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