Price for Spices; Ginger, Crushed or Ground in Estonia - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Estonia (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Estonia (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Estonia
- Exports of Spices; Ginger, Crushed or Ground in Estonia
Price for Spices; Ginger, Crushed or Ground in Estonia (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $4,531 per ton in 2022, with a decrease of -16% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 34% against the previous year. As a result, import price reached the peak level of $5,394 per ton, and then contracted dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($6,000 per ton), while the price for Lithuania ($3,830 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Estonia (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $8,810 per ton in 2022, reducing by -10.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum at $11,017 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($21,518 per ton), while the average price for exports to Finland ($4,130 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 Sweden (-0.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Crushed or Ground in Estonia
In 2022, approx. 72 tons of spices; ginger, crushed or ground were imported into Estonia; rising by 9% against 2021. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.7% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, spices; ginger, crushed or ground imports fell to $324K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports reached the peak of $354K, and then dropped in the following year.
| Import of Spices; Ginger, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 47.4 | 55.6 | 57.1 | 131 | 40.3% |
| Sweden | N/A | 156 | 200 | 122 | -11.6% |
| Lithuania | N/A | 3.8 | 25.7 | 52.6 | 272.0% |
| Netherlands | 2.3 | 14.5 | 9.9 | 4.8 | 27.8% |
| Nigeria | 37.9 | N/A | 46.7 | N/A | 11.0% |
| China | 138 | N/A | 0.2 | N/A | -96.2% |
| Others | 8.4 | 10.5 | 14.1 | 13.2 | 16.3% |
| Total | 234 | 240 | 354 | 324 | 11.5% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Estonia in 2022:
- Sweden (27.7 tons)
- Vietnam (26.9 tons)
- Lithuania (13.7 tons)
- Netherlands (1.2 tons)
Exports of Spices; Ginger, Crushed or Ground in Estonia
In 2022, shipments abroad of spices; ginger, crushed or ground decreased by -9.3% to 19 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 9.4% against the previous year.
In value terms, spices; ginger, crushed or ground exports fell rapidly to $167K in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $206K, and then fell dramatically in the following year.
| Export of Spices; Ginger, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 116 | 138 | 173 | 126 | 2.8% |
| Latvia | 9.9 | 15.8 | 18.2 | 17.6 | 21.1% |
| Lithuania | 7.8 | 10.7 | 10.9 | 11.2 | 12.8% |
| Belgium | N/A | N/A | N/A | 5.6 | 0% |
| Poland | 0.8 | 0.8 | 1.9 | 4.5 | 77.8% |
| Finland | 0.2 | 0.3 | 0.3 | 2.0 | 115.4% |
| Russia | 18.7 | 9.4 | 0.1 | N/A | -92.7% |
| Others | 0.5 | 0.4 | 1.2 | 0.1 | -41.5% |
| Total | 154 | 175 | 206 | 167 | 2.7% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Estonia in 2022:
- Sweden (15.9 tons)
- Latvia (1.4 tons)
- Finland (0.5 tons)
- Lithuania (0.5 tons)
- Belgium (0.4 tons)
- Poland (0.3 tons)
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