Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,897 per ton in 2022, picking up by 6.3% against the previous year. Overall, import price indicated a buoyant expansion from 2014 to 2022: its price increased at an average annual rate of +8.7% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +83.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 62% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,897 per ton), while the price for China ($3,897 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,274 per ton, flattening at the previous year. In general, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 342%. The export price peaked at $3,559 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($3,478 per ton), while the average price for exports to the United Arab Emirates ($1,815 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+87.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt
In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground were finally on the rise to reach 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt slump.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4.4M in 2022. The total import value increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 1.5 | 1.3 | 1.9 | 16.6% |
| Spain | 1.8 | 1.8 | 2.2 | 1.7 | -1.9% |
| India | 0.7 | 0.3 | 0.1 | 0.7 | 0.0% |
| Others | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 3.7 | 3.7 | 3.9 | 4.4 | 5.9% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Egypt in 2022:
- China (477.9 tons)
- Spain (447.3 tons)
- India (184.5 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt
Exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Egypt skyrocketed to 246 tons in 2022, growing by 255% compared with the previous year's figure. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 725%. As a result, the exports reached the peak of 508 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $806K in 2022. Overall, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by 3,546% against the previous year. As a result, the exports reached the peak of $1.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Algeria | 30.5 | N/A | N/A | 199 | 86.9% |
| Pakistan | N/A | 1,480 | 18.1 | 141 | -69.1% |
| Libya | 6.6 | N/A | N/A | 109 | 154.7% |
| Saudi Arabia | N/A | N/A | 41.6 | 62.6 | 50.5% |
| United Arab Emirates | N/A | 1.6 | 0.1 | 54.9 | 485.8% |
| Georgia | N/A | N/A | N/A | 42.2 | 0% |
| Jordan | N/A | 29.9 | 37.2 | 33.5 | 5.8% |
| Italy | N/A | N/A | N/A | 26.2 | 0% |
| Sri Lanka | N/A | N/A | N/A | 24.7 | 0% |
| Tunisia | N/A | N/A | 30.5 | 22.5 | -26.2% |
| Germany | N/A | 1.1 | N/A | 22.4 | 351.3% |
| Russia | N/A | N/A | N/A | 20.5 | 0% |
| Morocco | N/A | 11.2 | N/A | 14.8 | 15.0% |
| Others | 4.8 | 1.5 | 97.1 | 32.0 | 88.2% |
| Total | 41.9 | 1,526 | 225 | 806 | 167.9% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Egypt in 2022:
- Algeria (57.4 tons)
- Pakistan (40.5 tons)
- Libya (31.4 tons)
- United Arab Emirates (30.2 tons)
- Saudi Arabia (18.0 tons)
- Georgia (12.1 tons)
- Jordan (9.6 tons)
- Italy (7.5 tons)
- Sri Lanka (7.1 tons)
- Tunisia (6.5 tons)
- Germany (6.4 tons)
- Russia (5.9 tons)
- Morocco (4.3 tons)
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