Price for Spices; Ginger, Crushed or Ground in France - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in France (CIF) - 2023
- Price for Spices; Ginger, Crushed or Ground in France (FOB) - 2023
- Imports of Spices; Ginger, Crushed or Ground in France
- Exports of Spices; Ginger, Crushed or Ground in France
Price for Spices; Ginger, Crushed or Ground in France (CIF) - 2023
The average import price for spices; ginger, crushed or ground stood at $4,687 per ton in June 2023, waning by -1.9% against the previous month. Overall, import price indicated notable growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, spices; ginger, crushed or ground import price decreased by -39.1% against April 2023 indices. The growth pace was the most rapid in April 2023 when the average import price increased by 97% month-to-month. As a result, import price reached the peak level of $7,697 per ton. From May 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was India ($7,210 per ton), while the price for Cote d'Ivoire ($763 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in France (FOB) - 2023
In June 2023, the average export price for spices; ginger, crushed or ground amounted to $9,840 per ton, remaining stable against the previous month. In general, the export price continues to indicate a measured increase. The growth pace was the most rapid in February 2023 an increase of 35% against the previous month. Over the period under review, the average export prices hit record highs at $11,823 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United Arab Emirates ($19,218 per ton), while the average price for exports to Belgium ($6,643 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in France
In 2022, overseas purchases of spices; ginger, crushed or ground decreased by -4.7% to 674 tons, falling for the second year in a row after two years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 6.9%. As a result, imports attained the peak of 718 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; ginger, crushed or ground imports shrank to $3M in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 17%.
| Import of Spices; Ginger, Crushed or Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 502 | 1,043 | 1,146 | 942 | 23.3% |
| Germany | 293 | 457 | 650 | 534 | 22.1% |
| Netherlands | 267 | 576 | 538 | 442 | 18.3% |
| India | 528 | 222 | 387 | 318 | -15.6% |
| Belgium | 22.2 | 106 | 221 | 182 | 101.6% |
| China | 342 | 122 | 122 | 160 | -22.4% |
| Vietnam | 112 | 108 | 23.6 | 66.6 | -15.9% |
| Cote d'Ivoire | 46.7 | 83.0 | 64.8 | 52.9 | 4.2% |
| Nigeria | 163 | 10.5 | 2.2 | 48.1 | -33.4% |
| Poland | 82.5 | 61.1 | 30.7 | 47.5 | -16.8% |
| Others | 289 | 303 | 229 | 231 | -7.2% |
| Total | 2,647 | 3,091 | 3,414 | 3,025 | 4.5% |
Top Suppliers of Spices; Ginger, Crushed or Ground to France in 2022:
- Spain (190.9 tons)
- Netherlands (96.2 tons)
- Germany (75.6 tons)
- India (72.2 tons)
- China (53.3 tons)
- Cote d'Ivoire (51.9 tons)
- Belgium (42.1 tons)
- Vietnam (23.9 tons)
- Nigeria (21.3 tons)
- Poland (12.5 tons)
Exports of Spices; Ginger, Crushed or Ground in France
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -16.6% to 245 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 307 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; ginger, crushed or ground exports dropped significantly to $1.7M in 2022. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 19%. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Ginger, Crushed or Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 593 | 811 | 431 | 435 | -9.8% |
| Poland | 455 | 523 | 511 | 370 | -6.7% |
| Italy | 190 | 198 | 223 | 162 | -5.2% |
| Portugal | 169 | 265 | 206 | 152 | -3.5% |
| Belgium | 94.9 | 87.3 | 162 | 117 | 7.2% |
| Denmark | 163 | 127 | 28.1 | 75.3 | -22.7% |
| Luxembourg | 6.1 | 10.0 | 66.9 | 48.4 | 99.5% |
| Spain | 17.4 | 12.2 | 55.5 | 40.2 | 32.2% |
| United States | 114 | 0.2 | 36.4 | 35.8 | -32.0% |
| Others | 167 | 300 | 356 | 234 | 11.9% |
| Total | 1,969 | 2,334 | 2,076 | 1,670 | -5.3% |
Top Export Markets for Spices; Ginger, Crushed or Ground from France in 2022:
- Poland (80.4 tons)
- United Kingdom (47.7 tons)
- Italy (32.9 tons)
- Belgium (20.1 tons)
- Portugal (11.3 tons)
- Spain (11.3 tons)
- Luxembourg (9.8 tons)
- Denmark (7.6 tons)
- United States (3.0 tons)
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