Price for Spices; Mixtures of 2 or More Products of the Same Heading in Kenya - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $3,468 per ton, declining by -18.7% against the previous year. Overall, the export price recorded a pronounced contraction. The growth pace was the most rapid in 2016 an increase of 11%. The export price peaked at $4,497 per ton in 2012; however, from 2013 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 Rwanda ($5,447 per ton), while the average price for exports to South Sudan ($422 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 Denmark (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $2,367 per ton, with an increase of 58% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +97.9% against 2020 indices. Over the period under review, average import prices attained the maximum at $2,617 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($3,753 per ton), while the price for Nigeria ($692 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya
In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -33.6% to 4K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of 6.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading declined significantly to $14M in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. As a result, the exports reached the peak of $27M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3.1 | 5.5 | 7.4 | 3.2 | 1.1% |
| Uganda | 2.1 | 2.2 | 2.2 | 2.2 | 1.6% |
| Netherlands | 8.7 | 13.7 | 9.7 | 1.8 | -40.9% |
| Denmark | 0.6 | 0.9 | 1.1 | 1.4 | 32.6% |
| Rwanda | 0.5 | 0.6 | 1.2 | 1.3 | 37.5% |
| Tanzania | 0.3 | 0.9 | 0.9 | 0.7 | 32.6% |
| Democratic Republic of the Congo | N/A | N/A | 0.3 | 0.5 | 66.7% |
| United Arab Emirates | 0.6 | 0.5 | 0.2 | 0.2 | -30.7% |
| South Sudan | 0.6 | 0.2 | 0.3 | 0.2 | -30.7% |
| Burundi | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 1.1 | 2.2 | 2.5 | 2.2 | 26.0% |
| Total | 17.6 | 26.7 | 25.9 | 14.0 | -7.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Kenya in 2022:
- United Kingdom (766.7 tons)
- South Sudan (545.7 tons)
- Uganda (536.5 tons)
- Netherlands (440.4 tons)
- Denmark (286.9 tons)
- Democratic Republic of the Congo (260.5 tons)
- Rwanda (244.9 tons)
- Burundi (239.1 tons)
- United Arab Emirates (84.4 tons)
- Tanzania (72.0 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Kenya expanded to 311 tons, picking up by 1.7% compared with the year before. In general, imports saw a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by 191%. As a result, imports reached the peak of 662 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading soared to $737K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.0% against 2020 indices.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.0 | 47.8 | 49.4 | 329 | 60.2% |
| India | 183 | 145 | 58.4 | 163 | -3.8% |
| Turkey | 21.5 | 31.0 | 9.7 | 35.6 | 18.3% |
| South Africa | 60.8 | 57.9 | 22.5 | 31.2 | -19.9% |
| United Arab Emirates | 1.8 | 3.2 | 3.1 | 17.3 | 112.6% |
| Guatemala | N/A | 0.2 | N/A | 17.1 | 824.7% |
| Nigeria | N/A | 41.6 | N/A | 6.9 | -59.3% |
| Uganda | 5.5 | 243 | 172 | 0.1 | -73.7% |
| Tanzania | 24.3 | 27.3 | 43.7 | N/A | 34.1% |
| Others | 218 | 195 | 99.9 | 136 | -14.6% |
| Total | 595 | 792 | 459 | 737 | 7.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Kenya in 2022:
- China (158.0 tons)
- India (86.8 tons)
- United Arab Emirates (21.9 tons)
- Turkey (10.6 tons)
- Nigeria (10.0 tons)
- Guatemala (9.5 tons)
- South Africa (8.3 tons)
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