Colombia - 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 Colombia - 2022
Contents:
- Price for Spices Except Pepper or Ginger in Colombia (FOB) - 2022
- Price for Spices Except Pepper or Ginger in Colombia (CIF) - 2022
- Exports of Spices Except Pepper or Ginger in Colombia
- Imports of Spices Except Pepper or Ginger in Colombia
Price for Spices Except Pepper or Ginger in Colombia (FOB) - 2022
The average export price for spices except pepper or ginger stood at $5,187 per ton in February 2022, rising by 8.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2021 an increase of 17% against the previous month. The export price peaked at $5,392 per ton in February 2021; however, from March 2021 to February 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In February 2022, the country with the highest price was the United States ($5,301 per ton), while the average price for exports to Canada stood at $4,136 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%).
Price for Spices Except Pepper or Ginger in Colombia (CIF) - 2022
The average import price for spices except pepper or ginger stood at $1,974 per ton in 2022, with a decrease of -18% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of 16%. The import price peaked at $4,081 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,743 per ton), while the price for Peru ($444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Spices Except Pepper or Ginger in Colombia
In 2022, the amount of spices except pepper or ginger exported from Colombia reduced to 1.5K tons, which is down by -5% on the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, the exports attained the peak of 1.6K tons, and then fell modestly in the following year.
In value terms, spices except pepper or ginger exports skyrocketed to $8.8M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices Except Pepper or Ginger in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 5.1 | 6.7 | 7.8 | 6.8% |
| Canada | 0.7 | 0.6 | 0.7 | 0.8 | 4.6% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 7.1 | 5.8 | 7.7 | 8.8 | 7.4% |
Top Export Markets for Spices Except Pepper or Ginger from Colombia in 2022:
- United States (1336.7 tons)
- Canada (145.3 tons)
Imports of Spices Except Pepper or Ginger in Colombia
In 2022, overseas purchases of spices except pepper or ginger decreased by -17.3% to 666 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three years. 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 45% against the previous year.
In value terms, spices except pepper or ginger imports dropped markedly to $1.3M in 2022. In general, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%.
| Import of Spices Except Pepper or Ginger in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 443 | 435 | 598 | 403 | -3.1% |
| United States | 292 | 334 | 523 | 352 | 6.4% |
| Spain | 64.3 | 101 | 175 | 118 | 22.4% |
| Egypt | 37.6 | 177 | 173 | 116 | 45.6% |
| Turkey | 109 | 123 | 88.1 | 70.9 | -13.4% |
| Peru | 45.1 | 53.8 | 51.0 | 34.3 | -8.7% |
| Others | 263 | 351 | 330 | 221 | -5.6% |
| Total | 1,254 | 1,575 | 1,938 | 1,315 | 1.6% |
Top Suppliers of Spices Except Pepper or Ginger to Colombia in 2022:
- India (331.2 tons)
- Egypt (92.6 tons)
- Peru (77.3 tons)
- Turkey (53.0 tons)
- United States (45.5 tons)
- Spain (29.3 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in Colombia. 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:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- 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 is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
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In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
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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...
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Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8586
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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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>
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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
11865
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1621
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3387
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
