Spices; Mixtures Price in Egypt - 2023
Contents:
- Spices; Mixtures Price in Egypt (FOB) - 2022
- Spices; Mixtures Price in Egypt (CIF) - 2022
- Spices; Mixtures Exports in Egypt
- Spices; Mixtures Imports in Egypt
Spices; Mixtures Price in Egypt (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $5,924 per ton, declining by -6.1% against the previous year. In general, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 an increase of 202%. Over the period under review, the average export prices hit record highs at $6,310 per ton in 2021, and then dropped 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 Poland ($5,990 per ton) and Saudi Arabia ($5,990 per ton), while the average price for exports to Italy ($5,990 per ton) and France ($5,990 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 Pakistan (+61.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Egypt (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $6,510 per ton, with an increase of 2.6% against the previous year. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2019 an increase of 64%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($6,510 per ton) and India ($6,510 per ton), while the price for France ($6,510 per ton) and Spain ($6,510 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Egypt
In 2022, the amount of spices; mixtureses exported from Egypt fell notably to 217 tons, dropping by -51.7% against the previous year's figure. Overall, exports faced a sharp setback. The pace of growth was the most pronounced in 2021 when exports increased by 313% against the previous year. As a result, the exports attained the peak of 449 tons, and then declined dramatically in the following year.
In value terms, spices; mixtures exports fell notably to $1.3M in 2022. In general, exports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 385%. As a result, the exports attained the peak of $2.8M, and then shrank rapidly in the following year.
| Export of Spices; Mixtures in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 427 | 0% |
| Germany | 36.8 | N/A | 35.0 | 152 | 60.4% |
| Morocco | 136 | N/A | 497 | 123 | -3.3% |
| France | N/A | 18.4 | N/A | 97.8 | 130.5% |
| Poland | N/A | 4.6 | N/A | 72.4 | 296.7% |
| Turkey | N/A | 18.5 | 609 | 69.0 | 93.1% |
| Saudi Arabia | 41.6 | 163 | 202 | 65.7 | 16.5% |
| Algeria | N/A | 216 | 584 | 64.2 | -45.5% |
| Libya | 303 | 31.2 | N/A | 34.6 | -51.5% |
| Sri Lanka | 49.6 | N/A | N/A | N/A | 0% |
| Bangladesh | 71.7 | N/A | 499 | N/A | 163.8% |
| Pakistan | 42.0 | 36.1 | N/A | N/A | -14.0% |
| Others | 87.8 | 95.0 | 406 | 179 | 26.8% |
| Total | 768 | 584 | 2,832 | 1,285 | 18.7% |
Top Export Markets for Spices; Mixtures from Egypt in 2022:
- Italy (71.3 tons)
- Germany (25.5 tons)
- Morocco (20.5 tons)
- France (16.3 tons)
- Poland (12.1 tons)
- Turkey (11.5 tons)
- Saudi Arabia (11.0 tons)
- Algeria (10.7 tons)
- Libya (5.8 tons)
Spices; Mixtures Imports in Egypt
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mixtureses, when their volume decreased by -27% to 22 tons. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 323%. As a result, imports reached the peak of 30 tons, and then dropped significantly in the following year.
In value terms, spices; mixtures imports reduced notably to $144K in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 436%. As a result, imports attained the peak of $193K, and then shrank sharply in the following year.
| Import of Spices; Mixtures in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | N/A | 87.4 | 62.7 | 192.7% |
| Jordan | 3.9 | 24.5 | 11.1 | 57.4 | 145.1% |
| India | N/A | 7.2 | 28.3 | 18.4 | 59.9% |
| France | 0.3 | N/A | N/A | 3.1 | 117.8% |
| Spain | N/A | N/A | 6.8 | 2.8 | -58.8% |
| United Arab Emirates | 1.0 | 4.1 | 3.9 | N/A | 97.5% |
| Others | 3.8 | 0.2 | 55.3 | 0.1 | -70.3% |
| Total | 11.5 | 36.0 | 193 | 144 | 132.2% |
Top Suppliers of Spices; Mixtures to Egypt in 2022:
- Netherlands (9.6 tons)
- Jordan (8.8 tons)
- India (2.8 tons)
- France (0.5 tons)
- Spain (0.4 tons)
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