Price for Spices; Mace, Neither Crushed Nor Ground in Tanzania - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Tanzania (CIF) - 2022
  2. Price for Spices; Mace, Neither Crushed Nor Ground in Tanzania (FOB) - 2022
  3. Imports of Spices; Mace, Neither Crushed Nor Ground in Tanzania
  4. Exports of Spices; Mace, Neither Crushed Nor Ground in Tanzania

Price for Spices; Mace, Neither Crushed Nor Ground in Tanzania (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $100,600 per ton, with a decrease of -57.5% against the previous year. In general, the import price showed a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 280% against the previous year. The import price peaked at $236,629 per ton in 2021, and then fell dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +3.0% per year.

Price for Spices; Mace, Neither Crushed Nor Ground in Tanzania (FOB) - 2022

In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $36,500 per ton, jumping by 98% against the previous year. In general, the export price saw significant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 10,516% against the previous year. As a result, the export price reached the peak level of $93,340 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Switzerland.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +36.4% per year.

Imports of Spices; Mace, Neither Crushed Nor Ground in Tanzania

Imports of spices; mace, neither crushed nor ground into Tanzania contracted markedly to 5 kg in 2022, with a decrease of -85.7% on the year before. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 1,650% against the previous year. As a result, imports reached the peak of 35 kg, and then reduced remarkably in the following year.

In value terms, imports of spices; mace, neither crushed nor ground contracted notably to $503 in 2022. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 5,349% against the previous year. As a result, imports attained the peak of $8.3K, and then contracted significantly in the following year.

Import of Spices; Mace, Neither Crushed Nor Ground in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates0.50.10.70.50.0%
IndiaN/AN/A7.6N/A0%
OthersN/AN/AN/AN/A0%
Total0.50.28.30.50.0%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Tanzania in 2022:

  1. United Arab Emirates (5.0 kg)

Exports of Spices; Mace, Neither Crushed Nor Ground in Tanzania

Exports of spices; mace, neither crushed nor ground from Tanzania reduced sharply to 10 kg in 2022, declining by -37.5% against 2021 figures. Over the period under review, exports faced a precipitous shrinkage.

In value terms, exports of spices; mace, neither crushed nor ground surged to $365 in 2022. Overall, exports continue to indicate a dramatic downturn.

Export of Spices; Mace, Neither Crushed Nor Ground in Tanzania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Switzerland0.80.30.20.4-20.6%
Germany2.20.50.1N/A-78.7%
United Arab Emirates62.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total65.80.80.30.4-81.7%

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Tanzania in 2022:

  1. Switzerland (10.0 kg)

Source: IndexBox Market Intelligence Platform

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