China - 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 China - 2023
Contents:
- Price for Spices Except Pepper or Ginger in China (FOB) - 2022
- Price for Spices Except Pepper or Ginger in China (CIF) - 2023
- Exports of Spices Except Pepper or Ginger in China
- Imports of Spices Except Pepper or Ginger in China
Price for Spices Except Pepper or Ginger in China (FOB) - 2022
In 2022, the average export price for spices except pepper or ginger amounted to $8,946 per ton, increasing by 2.7% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices except pepper or ginger export price increased by +66.3% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($14,904 per ton), while the average price for exports to Spain ($1,287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices Except Pepper or Ginger in China (CIF) - 2023
In September 2023, the average import price for spices except pepper or ginger amounted to $2,882 per ton, increasing by 93% against the previous month. Overall, the import price posted resilient growth. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 137% against the previous month. As a result, import price reached the peak level of $5,676 per ton. From December 2022 to September 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Myanmar ($2,578 per ton), while the price for India ($1,744 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices Except Pepper or Ginger in China
In 2022, overseas shipments of spices except pepper or ginger decreased by -61% to 8.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by 64% against the previous year. As a result, the exports reached the peak of 29K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices except pepper or ginger exports dropped dramatically to $75M in 2022. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 60%. As a result, the exports attained the peak of $210M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices Except Pepper or Ginger in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 48.8 | 116 | 75.3 | 28.9 | -16.0% |
| Japan | 14.4 | 8.5 | 11.6 | 10.3 | -10.6% |
| Taiwan (Chinese) | 8.4 | 8.1 | 11.7 | 8.5 | 0.4% |
| United States | 3.8 | 3.9 | 4.0 | 4.1 | 2.6% |
| Hong Kong SAR | 16.1 | 10.0 | 2.5 | 3.4 | -40.4% |
| Thailand | 12.0 | 18.0 | 30.0 | 3.3 | -35.0% |
| Kazakhstan | 5.2 | 3.7 | 3.2 | 2.4 | -22.7% |
| Singapore | 0.6 | 1.0 | 0.6 | 1.8 | 44.2% |
| United Kingdom | 1.4 | 1.4 | 1.8 | 1.6 | 4.6% |
| South Korea | 0.5 | 0.7 | 0.8 | 1.6 | 47.4% |
| Spain | 1.9 | 1.5 | 2.2 | 1.4 | -9.7% |
| Vietnam | 10.6 | 1.3 | 0.7 | 0.8 | -57.7% |
| Peru | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Others | 7.5 | 35.8 | 43.3 | 7.0 | -2.3% |
| Total | 131 | 210 | 188 | 75.3 | -16.9% |
Top Export Markets for Spices Except Pepper or Ginger from China in 2022:
- Malaysia (2112.6 tons)
- Spain (1108.5 tons)
- Japan (1004.7 tons)
- United States (671.1 tons)
- Taiwan (Chinese) (668.0 tons)
- Thailand (456.3 tons)
- Hong Kong SAR (382.8 tons)
- South Korea (337.2 tons)
- United Kingdom (236.9 tons)
- Kazakhstan (158.4 tons)
- Singapore (140.6 tons)
- Vietnam (136.6 tons)
- Peru (134.5 tons)
Imports of Spices Except Pepper or Ginger in China
Spices except pepper or ginger imports into China surged to 38K tons in 2022, rising by 74% on the previous year's figure. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices except pepper or ginger imports rose to $57M in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 93%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices Except Pepper or Ginger in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 6.3 | 5.9 | 4.1 | 18.9 | 44.2% |
| Iran | 2.4 | 11.1 | 31.7 | 13.0 | 75.6% |
| Georgia | 2.9 | 7.4 | 10.2 | 11.6 | 58.7% |
| India | 1.3 | 4.2 | 4.8 | 8.1 | 84.0% |
| Others | 4.3 | 4.8 | 5.6 | 5.8 | 10.5% |
| Total | 17.3 | 33.4 | 56.3 | 57.3 | 49.1% |
Top Suppliers of Spices Except Pepper or Ginger to China in 2022:
- Myanmar (18.7K tons)
- Georgia (8.7K tons)
- India (7.3K tons)
- Iran (1.7K tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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