Africa: Spice Market 2024

Spice Market Size in Africa

In 2022, after two years of growth, there was decline in the African spice market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Spice Production in Africa

In value terms, spice production amounted to $X in 2022 estimated in export price. Overall, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Nigeria (X tons), Ethiopia (X tons) and Cote d'Ivoire (X tons), together accounting for X% of total production. Benin, Ghana, Cameroon, Egypt, Burkina Faso, Madagascar, Morocco, Democratic Republic of the Congo and Mali lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Burkina Faso (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

The average spice yield reduced to X tons per ha in 2022, remaining constant against 2021. Over the period under review, the yield, however, showed a mild increase. The most prominent rate of growth was recorded in 2016 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spices production in Africa stood at X ha, therefore, remained relatively stable against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the harvested area attained the peak level of X ha; afterwards, it flattened through to 2022.

Spice Exports

Exports in Africa

In 2022, overseas shipments of spices increased by X% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, spice exports amounted to $X in 2022. Overall, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Madagascar (X tons) and Nigeria (X tons) represented the largest exporters of spices in 2022, finishing at near X% and X% of total exports, respectively. South Africa (X tons) held the next position in the ranking, followed by Tunisia (X tons), Egypt (X tons) and Morocco (X tons). All these countries together held approx. X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X) remains the largest spice supplier in Africa, comprising X% of total exports. The second position in the ranking was held by South Africa ($X), with a X% share of total exports. It was followed by Nigeria, with a X% share.

In Madagascar, spice exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Africa (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, posted a measured increase. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Madagascar ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Spice Imports

Imports in Africa

Spice imports rose sharply to X tons in 2022, increasing by X% on 2021. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, spice imports totaled $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

The countries with the highest levels of spice imports in 2022 were Morocco (X tons), South Africa (X tons), Nigeria (X tons), Egypt (X tons), Algeria (X tons), Libya (X tons), Sudan (X tons), Tunisia (X tons), Rwanda (X tons), Senegal (X tons), Somalia (X tons) and Botswana (X tons), together recording X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Rwanda (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X), Morocco ($X) and South Africa ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Nigeria, Algeria, Libya, Sudan, Botswana, Somalia, Tunisia, Rwanda and Senegal lagged somewhat behind, together accounting for a further X%.

Rwanda, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while Senegal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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