Spices; Mixtures Price in Ethiopia - 2022
Contents:
- Spices; Mixtures Price in Ethiopia (CIF) - 2022
- Spices; Mixtures Price in Ethiopia (FOB) - 2022
- Spices; Mixtures Imports in Ethiopia
- Spices; Mixtures Exports in Ethiopia
Spices; Mixtures Price in Ethiopia (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $2,097 per ton, dropping by -51.1% against the previous year. In general, the import price showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 215% against the previous year. As a result, import price attained the peak level of $6,192 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.1% per year.
Spices; Mixtures Price in Ethiopia (FOB) - 2022
The average spices; mixtures export price stood at $3,645 per ton in 2022, shrinking by -12% against the previous year. Overall, the export price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 77%. Over the period under review, the average export prices hit record highs at $7,566 per ton in 2017; however, from 2018 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 Canada ($5,259 per ton), while the average price for exports to Switzerland ($1,978 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 Saudi Arabia (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Ethiopia
Spices; mixtures imports into Ethiopia surged to 12 tons in 2022, rising by 438% compared with the year before. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 583%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; mixtures imports skyrocketed to $26K in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 400%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Spices; Mixtures in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.4 | 2.8 | 25.6 | 404.0% |
| India | 0.3 | N/A | 6.0 | N/A | 347.2% |
| United Arab Emirates | 0.3 | 0.8 | 0.7 | N/A | 52.8% |
| Others | 0.4 | 0.7 | 0.3 | N/A | -13.4% |
| Total | 1.2 | 1.9 | 9.7 | 25.6 | 177.3% |
Top Suppliers of Spices; Mixtures to Ethiopia in 2022:
- China (12.2 tons)
Spices; Mixtures Exports in Ethiopia
In 2022, overseas shipments of spices; mixtureses decreased by -86.2% to 2.3 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 9.4% against the previous year. As a result, the exports attained the peak of 42 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; mixtures exports dropped rapidly to $8.3K in 2022. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -12.3% was in 2020.
| Export of Spices; Mixtures in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 87.8 | 44.7 | 39.9 | 4.1 | -64.0% |
| Canada | 55.5 | 42.2 | 14.4 | 2.9 | -62.6% |
| Australia | 18.1 | 0.3 | 0.3 | 0.8 | -64.6% |
| Switzerland | N/A | 2.0 | 0.3 | 0.4 | -55.3% |
| United Kingdom | N/A | N/A | 6.2 | 0.1 | -98.4% |
| Yemen | N/A | 43.0 | N/A | N/A | 0% |
| Germany | 20.8 | N/A | N/A | N/A | 0% |
| South Africa | N/A | 24.8 | N/A | N/A | 0% |
| Others | N/A | 2.9 | 7.6 | 0.1 | -81.4% |
| Total | 182 | 160 | 68.7 | 8.3 | -64.3% |
Top Export Markets for Spices; Mixtures from Ethiopia in 2022:
- United States (1236.0 kg)
- Canada (552.0 kg)
- Australia (252.0 kg)
- Switzerland (180.0 kg)
- United Kingdom (40.0 kg)
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