Price for Spices; Cardamoms, Crushed or Ground in South Africa - 2023

Contents:

1. Price for Spices; Cardamoms, Crushed or Ground in South Africa (CIF) - 2022
2. Price for Spices; Cardamoms, Crushed or Ground in South Africa (FOB) - 2022
3. Imports of Spices; Cardamoms, Crushed or Ground in South Africa
4. Exports of Spices; Cardamoms, Crushed or Ground in South Africa

Price for Spices; Cardamoms, Crushed or Ground in South Africa (CIF) - 2022

In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $11,765 per ton, reducing by -2.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 81% against the previous year. As a result, import price reached the peak level of $17,806 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($18,853 per ton), while the price for Saudi Arabia ($1,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+57.6%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Cardamoms, Crushed or Ground in South Africa (FOB) - 2022

In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $3,040 per ton, declining by -21.8% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 379% against the previous year. The export price peaked at $40,566 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($13,857 per ton), while the average price for exports to Zambia ($2,605 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 Switzerland (+86.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cardamoms, Crushed or Ground in South Africa

In 2022, purchases abroad of spices; cardamoms, crushed or ground decreased by -21.1% to 11 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 164% against the previous year. As a result, imports reached the peak of 17 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, spices; cardamoms, crushed or ground imports fell markedly to $126K in 2022. In general, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2020 when imports increased by 95%. As a result, imports reached the peak of $216K. From 2021 to 2022, the growth of imports failed to regain momentum.

Top Suppliers of Spices; Cardamoms, Crushed or Ground to South Africa in 2022:

1. India (9.4 tons)
2. Guatemala (0.9 tons)
3. Saudi Arabia (0.2 tons)

Exports of Spices; Cardamoms, Crushed or Ground in South Africa

For the fourth consecutive year, South Africa recorded growth in overseas shipments of spices; cardamoms, crushed or ground, which increased by 372% to 7.8 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spices; cardamoms, crushed or ground exports skyrocketed to $24K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Spices; Cardamoms, Crushed or Ground from South Africa in 2022:

1. Zambia (6.5 tons)
2. Namibia (0.6 tons)
3. Botswana (0.3 tons)
4. Rwanda (0.2 tons)

Source: IndexBox Market Intelligence Platform