Price for Spices; Ginger, Crushed or Ground in Ecuador - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Ecuador (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Ecuador (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Ecuador
- Exports of Spices; Ginger, Crushed or Ground in Ecuador
Price for Spices; Ginger, Crushed or Ground in Ecuador (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $4,315 per ton in 2022, dropping by -4.1% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $9,350 per ton in 2012; however, from 2013 to 2022, 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 the United States ($20,202 per ton), while the price for Thailand ($1,527 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 (+7.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Ecuador (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $4,816 per ton, remaining constant against the previous year. Overall, the export price, however, recorded resilient growth. The pace of growth was the most pronounced in 2019 an increase of 117%. The export price peaked at $6,403 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($10,033 per ton), while the average price for exports to the United States totaled $4,666 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+72.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Crushed or Ground in Ecuador
Spices; ginger, crushed or ground imports into Ecuador was estimated at 8.4 tons in 2022, with an increase of 13% against 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -12.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 72%. As a result, imports attained the peak of 9.6 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports rose rapidly to $36K in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 75% against the previous year. As a result, imports attained the peak of $39K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.9 | 11.9 | 9.6 | 11.6 | 58.7% |
| Germany | 4.6 | 11.1 | 7.9 | 7.4 | 17.2% |
| Peru | 1.0 | 9.7 | 1.3 | 3.7 | 54.7% |
| Thailand | 3.3 | 3.2 | 2.0 | 2.9 | -4.2% |
| India | 1.6 | 1.4 | 1.2 | 1.4 | -4.4% |
| Costa Rica | 5.1 | N/A | N/A | N/A | 0% |
| Others | 3.8 | 1.6 | 11.7 | 9.3 | 34.8% |
| Total | 22.3 | 39.0 | 33.6 | 36.3 | 17.6% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Ecuador in 2022:
- China (2.2 tons)
- Thailand (1.9 tons)
- Peru (1.6 tons)
- Germany (1.2 tons)
- India (0.4 tons)
Exports of Spices; Ginger, Crushed or Ground in Ecuador
In 2022, approx. 1 tons of spices; ginger, crushed or ground were exported from Ecuador; shrinking by -6.6% against the previous year's figure. In general, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 54%.
In value terms, spices; ginger, crushed or ground exports contracted to $4.9K in 2022. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.2 | 0.1 | 0.5 | 4.6 | 56.5% |
| France | 4.0 | 0.3 | 3.0 | 0.3 | -57.8% |
| United Kingdom | N/A | 4.1 | N/A | N/A | 0% |
| Finland | N/A | N/A | 0.8 | N/A | 0% |
| Canada | N/A | N/A | 1.0 | N/A | 0% |
| Others | 1.1 | N/A | N/A | N/A | 0% |
| Total | 6.3 | 4.5 | 5.3 | 4.9 | -8.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Ecuador in 2022:
- United States (991.0 kg)
- France (29.0 kg)
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