Price for Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,096 per ton in 2022, jumping by 35% against the previous year. In general, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 71%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($13,095 per ton), while the price for Spain ($382 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,927 per ton in 2022, falling by -41.6% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when the average export price increased by 51% against the previous year. The export price peaked at $6,757 per ton in 2013; however, from 2014 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 Germany ($14,578 per ton), while the average price for exports to Zambia ($277 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 Australia (+94.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -35.3% to 245 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 57%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped to $1M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 83% against the previous year.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Kenya | 291 | 904 | 845 | 815 | 41.0% |
India | 27.1 | 19.4 | 52.9 | 61.8 | 31.6% |
United Arab Emirates | 266 | 170 | 194 | 58.7 | -39.6% |
South Africa | 0.4 | 11.2 | 6.2 | 28.9 | 316.5% |
Pakistan | N/A | 2.0 | 8.5 | 11.0 | 134.5% |
Spain | N/A | N/A | 0.4 | 1.9 | 375.0% |
Others | 26.0 | 8.3 | 36.3 | 25.1 | -1.2% |
Total | 610 | 1,114 | 1,144 | 1,003 | 18.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Tanzania in 2022:
- India (76.2 tons)
- Kenya (62.3 tons)
- United Arab Emirates (62.1 tons)
- Pakistan (19.1 tons)
- South Africa (11.4 tons)
- Spain (5.1 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Tanzania skyrocketed to 242 tons, picking up by 140% on 2021 figures. Over the period under review, exports recorded resilient growth. 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 soared to $707K in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Tanzania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | N/A | N/A | N/A | 125 | 0% |
Germany | 265 | 306 | 376 | 116 | -24.1% |
Kenya | 6.6 | 0.1 | N/A | 105 | 151.5% |
United Arab Emirates | 0.1 | 1.7 | 0.4 | 85.4 | 848.8% |
United States | 19.7 | N/A | 3.7 | 55.4 | 41.2% |
United Kingdom | N/A | N/A | 12.7 | 51.8 | 307.9% |
Saudi Arabia | N/A | N/A | N/A | 40.0 | 0% |
Bulgaria | N/A | N/A | N/A | 26.8 | 0% |
Oman | 0.3 | N/A | 2.0 | 22.6 | 322.3% |
France | 0.3 | 0.4 | 0.1 | 22.1 | 319.2% |
South Africa | N/A | N/A | 13.1 | 15.9 | 21.4% |
Australia | N/A | 3.5 | N/A | 9.2 | 62.1% |
Zambia | N/A | 1.1 | 3.3 | 1.5 | 16.8% |
Others | 78.3 | 68.8 | 92.3 | 31.1 | -26.5% |
Total | 370 | 381 | 504 | 707 | 24.1% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Tanzania in 2022:
- Kenya (51.5 tons)
- United Arab Emirates (35.8 tons)
- Oman (29.4 tons)
- United States (24.6 tons)
- India (22.3 tons)
- United Kingdom (18.2 tons)
- Saudi Arabia (9.5 tons)
- Germany (7.9 tons)
- South Africa (7.1 tons)
- Australia (6.8 tons)
- Bulgaria (5.9 tons)
- Zambia (5.3 tons)
- France (4.5 tons)
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