Price for Spices; Ginger, Crushed or Ground in Austria - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Austria (CIF) - 2023
- Price for Spices; Ginger, Crushed or Ground in Austria (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Austria
- Exports of Spices; Ginger, Crushed or Ground in Austria
Price for Spices; Ginger, Crushed or Ground in Austria (CIF) - 2023
The average import price for spices; ginger, crushed or ground stood at $4,506 per ton in June 2023, picking up by 14% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 148% m-o-m. Over the period under review, average import prices attained the maximum at $5,852 per ton in January 2023; however, from February 2023 to June 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($6,359 per ton), while the price for Germany totaled $4,422 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.7%).
Price for Spices; Ginger, Crushed or Ground in Austria (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $13,225 per ton in 2022, growing by 3.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 13% against the previous year. The export price peaked at $13,972 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($30,133 per ton), while the average price for exports to France ($8,125 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 Bulgaria (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Austria
In 2022, spices; ginger, crushed or ground imports into Austria expanded markedly to 664 tons, with an increase of 9% against 2021. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; ginger, crushed or ground imports surged to $2.8M in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Ginger, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 283 | 1,084 | 1,170 | 1,843 | 86.7% |
| Netherlands | 20.7 | 303 | 678 | 427 | 174.3% |
| China | 451 | 93.0 | 133 | 374 | -6.0% |
| Nigeria | 326 | N/A | 12.2 | N/A | -80.7% |
| Others | 200 | 234 | 224 | 121 | -15.4% |
| Total | 1,280 | 1,715 | 2,217 | 2,765 | 29.3% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Austria in 2022:
- Germany (506.8 tons)
- Netherlands (75.4 tons)
- China (69.1 tons)
Exports of Spices; Ginger, Crushed or Ground in Austria
In 2022, after three years of growth, there was decline in overseas shipments of spices; ginger, crushed or ground, when their volume decreased by -0.8% to 83 tons. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 43% against the previous year.
In value terms, spices; ginger, crushed or ground exports totaled $1.1M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 116 | 213 | 388 | 458 | 58.1% |
| Germany | 123 | 163 | 148 | 206 | 18.8% |
| France | 0.1 | 0.4 | 27.6 | 50.2 | 694.8% |
| Slovenia | 33.5 | 45.2 | 56.0 | 45.9 | 11.1% |
| Italy | 19.9 | 30.8 | 43.7 | 43.9 | 30.2% |
| Hungary | 13.1 | 27.5 | 34.6 | 39.7 | 44.7% |
| Croatia | 27.4 | 32.9 | 37.1 | 37.1 | 10.6% |
| Bulgaria | 28.8 | 29.5 | 53.4 | 35.1 | 6.8% |
| Switzerland | 27.2 | 25.5 | 29.0 | 34.6 | 8.4% |
| Romania | 56.5 | 41.2 | 47.5 | 30.5 | -18.6% |
| Poland | 27.9 | 20.5 | 24.1 | 23.0 | -6.2% |
| Serbia | 38.7 | 51.6 | 38.7 | 22.6 | -16.4% |
| Slovakia | 21.4 | 42.1 | 36.4 | 9.2 | -24.5% |
| Others | 47.3 | 61.6 | 99.2 | 56.1 | 5.9% |
| Total | 581 | 785 | 1,064 | 1,091 | 23.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Austria in 2022:
- Russia (33.1 tons)
- Germany (15.4 tons)
- France (6.2 tons)
- Hungary (4.3 tons)
- Croatia (3.5 tons)
- Slovenia (3.4 tons)
- Romania (2.6 tons)
- Switzerland (2.5 tons)
- Poland (2.1 tons)
- Bulgaria (2.0 tons)
- Italy (1.5 tons)
- Serbia (1.4 tons)
- Slovakia (0.9 tons)
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