Price for Spices; Ginger, Crushed or Ground in Finland - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Finland (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Finland (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Finland
- Exports of Spices; Ginger, Crushed or Ground in Finland
Price for Spices; Ginger, Crushed or Ground in Finland (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $4,089 per ton, dropping by -10.3% against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $6,005 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($10,439 per ton), while the price for Belgium ($2,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+19.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Finland (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $7,712 per ton, growing by 19% against the previous year. Overall, the export price, however, recorded a drastic downturn. The export price peaked at $13,271 per ton in 2012; however, from 2013 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 Russia ($31,827 per ton), while the average price for exports to Sweden ($6,108 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 Russia (+8.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Crushed or Ground in Finland
In 2022, the amount of spices; ginger, crushed or ground imported into Finland expanded remarkably to 55 tons, growing by 5.7% on 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 21% 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 reduced to $225K in 2022. In general, imports, however, recorded a noticeable reduction. The smallest decline of -0.1% was in 2020.
| Import of Spices; Ginger, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.2 | 69.8 | 101 | 50.3 | 183.8% |
| India | 33.0 | 1.2 | 14.1 | 45.4 | 11.2% |
| Sweden | 37.4 | 48.8 | 37.9 | 42.8 | 4.6% |
| Germany | 1.5 | 108 | 69.9 | 38.1 | 194.0% |
| Spain | 1.4 | 0.9 | 0.5 | 25.9 | 164.5% |
| Belgium | 0.2 | 1.1 | N/A | 9.1 | 257.0% |
| Turkey | 45.8 | N/A | 0.4 | 2.7 | -61.1% |
| Nigeria | 44.9 | N/A | N/A | N/A | 0% |
| China | 74.3 | 15.8 | 6.1 | N/A | -71.3% |
| Others | 18.9 | 13.8 | 7.8 | 11.3 | -15.8% |
| Total | 260 | 259 | 238 | 225 | -4.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Finland in 2022:
- Netherlands (14.9 tons)
- Germany (12.7 tons)
- India (11.7 tons)
- Spain (6.0 tons)
- Belgium (4.4 tons)
- Sweden (4.1 tons)
- Turkey (0.3 tons)
Exports of Spices; Ginger, Crushed or Ground in Finland
Spices; ginger, crushed or ground exports from Finland reduced notably to 708 kg in 2022, with a decrease of -47.9% compared with the previous year. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 589%. As a result, the exports attained the peak of 1.4 tons, and then dropped dramatically in the following year.
In value terms, spices; ginger, crushed or ground exports contracted sharply to $5.5K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 327% against the previous year. As a result, the exports reached the peak of $8.8K, and then shrank notably in the following year.
| Export of Spices; Ginger, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 1.5 | 3.2 | 113.3% |
| Estonia | 1.1 | 1.7 | 1.5 | 2.1 | 24.1% |
| Denmark | 1.4 | 0.3 | N/A | N/A | -78.6% |
| Netherlands | N/A | N/A | 5.6 | N/A | 0% |
| Others | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Total | 2.5 | 2.1 | 8.8 | 5.5 | 30.1% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Finland in 2022:
- Sweden (529.0 kg)
- Estonia (175.0 kg)
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