Price for Spices; Ginger, Neither Crushed Nor Ground in Ireland - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ireland (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ireland (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Ireland
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Ireland
Price for Spices; Ginger, Neither Crushed Nor Ground in Ireland (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,409 per ton in 2022, picking up by 1.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -24.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. As a result, import price attained the peak level of $3,180 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,813 per ton), while the price for the Netherlands ($1,772 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Ireland (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $5,382 per ton, with an increase of 18% against the previous year. Over the period under review, the export price saw a tangible increase. The pace of growth was the most pronounced in 2021 when the average export price increased by 30%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($13,646 per ton), while the average price for exports to the UK ($4,477 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 the Netherlands (+76.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Ireland
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Ireland shrank markedly to 683 tons, waning by -33.7% against the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 62%. As a result, imports reached the peak of 1K tons, and then declined remarkably in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground reduced notably to $1.6M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 40% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 495 | 960 | 2.6 | 719 | 13.3% |
| China | 316 | 37.8 | 654 | 451 | 12.6% |
| Netherlands | 78.5 | 221 | 1,467 | 431 | 76.4% |
| United Kingdom | 493 | 797 | 192 | 23.4 | -63.8% |
| Others | 66.1 | 12.8 | 127 | 22.2 | -30.5% |
| Total | 1,449 | 2,029 | 2,443 | 1,646 | 4.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Ireland in 2022:
- Germany (262.5 tons)
- Netherlands (243.0 tons)
- China (160.3 tons)
- United Kingdom (11.3 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Ireland
Exports of spices; ginger, neither crushed nor ground from Ireland surged to 8.2 tons in 2022, picking up by 158% against the year before. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 341%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $44K in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 368%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | 3.2 | 34.4 | 975.0% |
| United Kingdom | 0.6 | 0.3 | 6.9 | 8.0 | 137.1% |
| Netherlands | 0.1 | 3.0 | 4.5 | 1.1 | 122.4% |
| Others | 0.1 | 0.1 | N/A | 0.5 | 71.0% |
| Total | 0.7 | 3.4 | 14.5 | 44.0 | 297.6% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Ireland in 2022:
- Spain (6.3 tons)
- United Kingdom (1.8 tons)
- Netherlands (0.1 tons)
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