Price for Spices; Mixtures of 2 or More Products of the Same Heading in South Africa - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in South Africa (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in South Africa (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in South Africa
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in South Africa
Price for Spices; Mixtures of 2 or More Products of the Same Heading in South Africa (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,938 per ton in 2022, waning by -5.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $3,448 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Botswana ($3,402 per ton), while the average price for exports to Nigeria ($2,136 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 Botswana (+1.8%), 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 South Africa (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $2,008 per ton, surging by 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 when the average import price increased by 16% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($5,351 per ton), while the price for Nigeria ($208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), 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 South Africa
For the fourth year in a row, South Africa recorded growth in shipments abroad of spices; mixtures of 2 or more products of the same heading, which increased by 12% to 19K tons in 2022. The total export volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 expanded rapidly to $57M in 2022. The total export value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 24%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading attained the maximum in 2022 and are expected to retain growth in the near future.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Botswana | 12.9 | 12.7 | 13.5 | 14.2 | 3.3% |
Namibia | 8.0 | 7.1 | 9.5 | 9.7 | 6.6% |
Lesotho | 4.9 | 4.7 | 5.1 | 5.9 | 6.4% |
Swaziland | 5.4 | 4.4 | 6.3 | 5.8 | 2.4% |
Mozambique | 3.4 | 2.6 | 4.8 | 4.7 | 11.4% |
Zambia | 2.8 | 2.8 | 3.3 | 3.6 | 8.7% |
Nigeria | N/A | 0.5 | 1.2 | 1.6 | 78.9% |
Angola | 1.7 | 0.8 | 0.1 | 0.4 | -38.3% |
Others | 8.5 | 7.9 | 10.0 | 10.6 | 7.6% |
Total | 47.7 | 43.5 | 53.7 | 56.5 | 5.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from South Africa in 2022:
- Botswana (4.2K tons)
- Namibia (3.8K tons)
- Swaziland (2.5K tons)
- Lesotho (2.3K tons)
- Mozambique (1.6K tons)
- Zambia (1.2K tons)
- Nigeria (0.8K tons)
- Angola (0.2K tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in South Africa
In 2022, overseas purchases of spices; mixtures of 2 or more products of the same heading decreased by -3.2% to 4.9K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports attained the peak of 5.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; mixtures of 2 or more products of the same heading totaled $9.9M in 2022. The total import value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in South Africa (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 4.2 | 5.1 | 5.7 | 6.2 | 13.9% |
Turkey | 0.8 | 1.0 | 1.1 | 1.0 | 7.7% |
Pakistan | 0.8 | 1.1 | 0.8 | 0.7 | -4.4% |
Egypt | 0.1 | 0.2 | 0.7 | 0.6 | 81.7% |
Poland | 0.7 | 1.0 | 0.5 | 0.5 | -10.6% |
China | 0.4 | 0.7 | 0.3 | 0.4 | 0.0% |
Nigeria | N/A | 0.1 | 0.1 | N/A | 0.0% |
Others | 0.6 | 0.4 | 0.7 | 0.5 | -5.9% |
Total | 7.5 | 9.5 | 9.8 | 9.9 | 9.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to South Africa in 2022:
- India (3376.2 tons)
- Turkey (389.9 tons)
- China (254.5 tons)
- Egypt (226.1 tons)
- Nigeria (196.5 tons)
- Pakistan (176.3 tons)
- Poland (101.1 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in South Africa.
This report provides an in-depth analysis of the ginger market in South Africa.
This report provides an in-depth analysis of the market for dog and cat food in South Africa.
This report provides an in-depth analysis of the apricot market in South Africa.
This report provides an in-depth analysis of the virgin olive oil market in South Africa.
This report provides an in-depth analysis of the paint and varnish market in South Africa.
This report provides an in-depth analysis of the olive oil market in South Africa.
This report provides an in-depth analysis of the market for urea and thiourea resins in South Africa.
This report provides an in-depth analysis of the assembled clock movements market in South Africa.
This report provides an in-depth analysis of the diphosphorus pentaoxide market in South Africa.
During the analyzed period, there was a slight decrease in exports. The value of Apricot exports surged to $1.7M in November 2023.
In February 2023, the price of apricots dropped by 23%, settling at $1,616 per ton (FOB- South Africa) compared to the previous month.
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g