Australia - Spices Except Pepper or Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Spices Except Pepper or Ginger in Australia - 2023
Contents:
- Price for Spices Except Pepper or Ginger in Australia (CIF) - 2023
- Price for Spices Except Pepper or Ginger in Australia (FOB) - 2023
- Imports of Spices Except Pepper or Ginger in Australia
- Exports of Spices Except Pepper or Ginger in Australia
Price for Spices Except Pepper or Ginger in Australia (CIF) - 2023
In July 2023, the average import price for spices except pepper or ginger amounted to $3,524 per ton, reducing by -16.5% against the previous month. Over the period under review, the import price recorded a slight slump. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 22% month-to-month. Over the period under review, average import prices reached the peak figure at $5,188 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($11,365 per ton), while the price for Vietnam ($2,391 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices Except Pepper or Ginger in Australia (FOB) - 2023
The average export price for spices except pepper or ginger stood at $7,600 per ton in July 2023, reducing by -60.6% against the previous month. Overall, the export price showed a pronounced reduction. The growth pace was the most rapid in April 2023 when the average export price increased by 142% month-to-month. The export price peaked at $19,298 per ton in June 2023, and then fell significantly in the following month.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Kiribati ($12,798 per ton), while the average price for exports to Solomon Islands ($1,684 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices Except Pepper or Ginger in Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of spices except pepper or ginger, when their volume decreased by -27.5% to 5.2K tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports reached the peak of 7.2K tons, and then reduced remarkably in the following year.
In value terms, spices except pepper or ginger imports shrank remarkably to $22M in 2022. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 97%. As a result, imports attained the peak of $36M, and then declined rapidly in the following year.
Import of Spices Except Pepper or Ginger in Australia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 5.5 | 8.3 | 8.0 | 8.6 | 16.1% |
Turkey | 0.6 | 0.6 | 0.9 | 1.2 | 26.0% |
Malaysia | 1.0 | 1.0 | 1.1 | 1.1 | 3.2% |
China | 1.3 | 1.1 | 1.6 | 0.9 | -11.5% |
Egypt | 0.3 | 0.4 | 0.7 | 0.8 | 38.7% |
Vietnam | 0.5 | 0.5 | 0.6 | 0.8 | 17.0% |
Thailand | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
Sri Lanka | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
Japan | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
Jordan | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
Greece | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
Myanmar | 0.1 | N/A | N/A | 0.1 | 0.0% |
Others | 3.8 | 4.7 | 21.1 | 5.4 | 12.4% |
Total | 15.0 | 18.5 | 36.4 | 21.7 | 13.1% |
Top Suppliers of Spices Except Pepper or Ginger to Australia in 2022:
- India (2493.4 tons)
- Vietnam (324.6 tons)
- Turkey (314.8 tons)
- Malaysia (248.2 tons)
- Myanmar (213.0 tons)
- Jordan (192.6 tons)
- China (191.4 tons)
- Japan (175.9 tons)
- Egypt (167.1 tons)
- Thailand (153.8 tons)
- Greece (107.5 tons)
- Sri Lanka (88.0 tons)
Exports of Spices Except Pepper or Ginger in Australia
In 2022, exports of spices except pepper or ginger from Australia surged to 1.3K tons, jumping by 28% on the previous year. The total export volume increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices except pepper or ginger exports skyrocketed to $13M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Export of Spices Except Pepper or Ginger in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 3.5 | 3.2 | 3.9 | 5.8 | 18.3% |
United States | 0.6 | 1.3 | 1.4 | 2.3 | 56.5% |
Singapore | 0.3 | 0.9 | 1.3 | 1.5 | 71.0% |
New Zealand | 2.5 | 1.8 | 2.0 | 1.5 | -15.7% |
Malaysia | 0.5 | 0.3 | 0.5 | 0.3 | -15.7% |
Papua New Guinea | 0.1 | N/A | N/A | 0.2 | 26.0% |
Fiji | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
Others | 1.1 | 1.0 | 1.7 | 1.0 | -3.1% |
Total | 8.6 | 8.6 | 10.6 | 12.7 | 13.9% |
Top Export Markets for Spices Except Pepper or Ginger from Australia in 2022:
- Netherlands (586.3 tons)
- New Zealand (263.1 tons)
- United States (199.8 tons)
- Singapore (46.0 tons)
- Malaysia (36.7 tons)
- Papua New Guinea (29.9 tons)
- Fiji (25.1 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 723 - Spices nes
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i