Price for Spices; Ginger, Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Denmark (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Denmark
- Exports of Spices; Ginger, Crushed or Ground in Denmark
Price for Spices; Ginger, Crushed or Ground in Denmark (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $7,480 per ton, picking up by 12% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; ginger, crushed or ground import price increased by +84.0% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 45% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.
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 Sweden ($30,108 per ton), while the price for China ($2,958 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Denmark (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $7,726 per ton in 2022, falling by -10.7% against the previous year. Over the period under review, the export price recorded a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 75%. Over the period under review, the average export prices reached the peak figure at $19,381 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($19,313 per ton), while the average price for exports to Norway ($6,310 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 Norway (-1.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Crushed or Ground in Denmark
In 2022, overseas purchases of spices; ginger, crushed or ground decreased by -32.8% to 79 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp decline. The pace of growth was the most pronounced in 2020 when imports increased by 5.9% against the previous year. As a result, imports attained the peak of 201 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports dropped significantly to $594K in 2022. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 272 | 237 | 205 | 202 | -9.4% |
| Sweden | 155 | 198 | 107 | 110 | -10.8% |
| China | 4.8 | 26.3 | 12.4 | 85.8 | 161.5% |
| Belgium | 0.6 | 3.1 | 23.8 | 60.8 | 366.2% |
| India | 3.6 | 9.3 | 20.3 | 48.3 | 137.6% |
| Netherlands | 20.3 | 34.4 | 37.8 | 45.1 | 30.5% |
| Spain | 306 | 521 | 281 | 10.6 | -67.4% |
| Czech Republic | 16.1 | 17.7 | 33.8 | 7.5 | -22.5% |
| Japan | 16.5 | 17.9 | 17.7 | N/A | 3.6% |
| Others | 41.1 | 85.3 | 53.7 | 24.2 | -16.2% |
| Total | 835 | 1,149 | 792 | 594 | -10.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Denmark in 2022:
- China (29.0 tons)
- Germany (15.8 tons)
- India (12.1 tons)
- Netherlands (8.0 tons)
- Belgium (4.9 tons)
- Sweden (3.7 tons)
- Spain (1.8 tons)
- Czech Republic (0.9 tons)
Exports of Spices; Ginger, Crushed or Ground in Denmark
In 2022, the amount of spices; ginger, crushed or ground exported from Denmark declined significantly to 9.3 tons, shrinking by -34.6% compared with 2021. Overall, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 25%.
In value terms, spices; ginger, crushed or ground exports shrank remarkably to $72K in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2021 with an increase of 50%.
| Export of Spices; Ginger, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 9.7 | 14.4 | 74.6 | 22.8 | 33.0% |
| France | 21.4 | 8.3 | 9.5 | 16.2 | -8.9% |
| Sweden | 8.4 | 9.6 | 17.1 | 10.0 | 6.0% |
| Finland | 0.4 | 1.3 | 3.5 | 4.8 | 128.9% |
| Greenland | 6.8 | 4.9 | 4.3 | 4.4 | -13.5% |
| Faroe Islands | 4.3 | 4.2 | 3.0 | 3.2 | -9.4% |
| Netherlands | 2.4 | 2.1 | 2.7 | 2.2 | -2.9% |
| United Kingdom | 121 | 30.9 | 0.2 | 0.9 | -80.5% |
| Others | 9.6 | 6.3 | 8.2 | 7.2 | -9.1% |
| Total | 184 | 82.0 | 123 | 71.8 | -26.9% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Denmark in 2022:
- United Kingdom (undefined tons)
- Norway (3.6 tons)
- France (2.0 tons)
- Sweden (1.4 tons)
- Finland (0.5 tons)
- Greenland (0.4 tons)
- Netherlands (0.3 tons)
- Faroe Islands (0.3 tons)
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