Price for Spices; Ginger, Crushed or Ground in Algeria - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Algeria (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Algeria (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Algeria
- Exports of Spices; Ginger, Crushed or Ground in Algeria
Price for Spices; Ginger, Crushed or Ground in Algeria (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $1,277 per ton, with a decrease of -6.6% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 121% against the previous year. As a result, import price attained the peak level of $2,479 per ton. From 2020 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 Spain ($19,715 per ton), while the price for India stood at $968 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.3%).
Price for Spices; Ginger, Crushed or Ground in Algeria (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $1,303 per ton, with an increase of 82% against the previous year. In general, the export price, however, continues to indicate a dramatic curtailment. The export price peaked at $15,708 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,220 per ton), while the average price for exports to Canada amounted to $938 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-22.5%).
Imports of Spices; Ginger, Crushed or Ground in Algeria
In 2022, approx. 341 tons of spices; ginger, crushed or ground were imported into Algeria; growing by 13% compared with the year before. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 154% against the previous year. As a result, imports attained the peak of 607 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports stood at $436K in 2022. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports reached the peak of $792K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 244 | 711 | 230 | 322 | 9.7% |
| Spain | 168 | 24.4 | 75.0 | 71.1 | -24.9% |
| Nigeria | N/A | N/A | 57.2 | N/A | 0% |
| Others | 181 | 57.3 | 50.0 | 42.1 | -38.5% |
| Total | 593 | 792 | 413 | 436 | -9.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Algeria in 2022:
- India (333.2 tons)
- Spain (3.6 tons)
Exports of Spices; Ginger, Crushed or Ground in Algeria
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -47.2% to 5.3 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 376%. As a result, the exports attained the peak of 10 tons, and then contracted markedly in the following year.
In value terms, spices; ginger, crushed or ground exports declined modestly to $6.9K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 66% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1.5 | 5.1 | 2.1 | 3.2 | 28.7% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| United Kingdom | N/A | N/A | 2.9 | N/A | 0% |
| Others | 1.6 | N/A | 2.2 | 3.6 | 31.0% |
| Total | 3.1 | 5.1 | 7.2 | 6.9 | 30.6% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Algeria in 2022:
- France (2.6 tons)
- Canada (0.1 tons)
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