Price for Spices; Mixtures of 2 or More Products of the Same Heading in Egypt - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $4,232 per ton, waning by -13.2% against the previous year. Over the period under review, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The export price peaked at $4,876 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($4,238 per ton) and Australia ($4,238 per ton), while the average price for exports to Italy ($4,238 per ton) and Spain ($4,238 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,770 per ton in 2022, waning by -6.5% against the previous year. In general, the import price, however, posted slight growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 214%. The import price peaked at $5,102 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($4,770 per ton) and Lebanon ($4,770 per ton), while the price for Turkey ($4,770 per ton) and Tunisia ($4,770 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+27.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt
In 2022, the amount of spices; mixtures of 2 or more products of the same heading exported from Egypt skyrocketed to 1.1K tons, jumping by 44% against the year before. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading skyrocketed to $4.5M in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 84% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 175 | 799 | 806 | 1,339 | 97.1% |
| Poland | 11.7 | N/A | 262 | 509 | 251.7% |
| Germany | 136 | 644 | 327 | 437 | 47.6% |
| Nigeria | 9.6 | 19.7 | 194 | 315 | 220.1% |
| Saudi Arabia | 847 | 1,038 | 517 | 301 | -29.2% |
| Morocco | 116 | 151 | 281 | 290 | 35.7% |
| Australia | 58.1 | 21.5 | 1.2 | 245 | 61.6% |
| Algeria | N/A | 11.2 | 60.2 | 166 | 285.0% |
| Spain | 33.9 | 30.8 | N/A | 142 | 61.2% |
| Russia | N/A | 114 | 54.9 | 108 | -2.7% |
| China | N/A | N/A | N/A | 97.0 | 0% |
| Turkey | 0.6 | N/A | 100 | 73.3 | 396.2% |
| Italy | N/A | N/A | N/A | 72.7 | 0% |
| Others | 560 | 759 | 993 | 388 | -11.5% |
| Total | 1,948 | 3,589 | 3,596 | 4,483 | 32.0% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Egypt in 2022:
- United States (316.0 tons)
- Poland (120.2 tons)
- Germany (103.1 tons)
- Nigeria (74.3 tons)
- Saudi Arabia (71.0 tons)
- Morocco (68.4 tons)
- Australia (57.9 tons)
- Algeria (39.1 tons)
- Spain (33.5 tons)
- Russia (25.5 tons)
- China (22.9 tons)
- Turkey (17.3 tons)
- Italy (17.1 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt
In 2022, after two years of decline, there was growth in overseas purchases of spices; mixtures of 2 or more products of the same heading, when their volume increased by 2.4% to 789 tons. In general, imports, however, continue to indicate a sharp downturn.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped slightly to $3.8M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 2,034 | 0% |
| Turkey | 1,356 | 711 | 628 | 646 | -21.9% |
| India | 1,615 | 2,612 | 806 | 512 | -31.8% |
| Lebanon | 38.7 | 10.5 | 1,069 | 249 | 86.0% |
| Tunisia | 2,190 | 1,090 | 518 | 80.5 | -66.8% |
| Albania | 405 | 421 | 96.2 | 53.0 | -49.2% |
| Greece | 33.7 | 158 | N/A | N/A | 368.8% |
| Pakistan | 575 | 581 | N/A | N/A | 1.0% |
| Others | 229 | 487 | 812 | 186 | -6.7% |
| Total | 6,442 | 6,070 | 3,930 | 3,761 | -16.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Egypt in 2022:
- Syrian Arab Republic (426.5 tons)
- Turkey (135.5 tons)
- India (107.4 tons)
- Lebanon (52.1 tons)
- Tunisia (16.9 tons)
- Albania (11.1 tons)
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