Price for Spices; Ginger, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Germany (CIF) - 2023
- Price for Spices; Ginger, Crushed or Ground in Germany (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Germany
- Exports of Spices; Ginger, Crushed or Ground in Germany
Price for Spices; Ginger, Crushed or Ground in Germany (CIF) - 2023
The average import price for spices; ginger, crushed or ground stood at $3,137 per ton in June 2023, with a decrease of -4% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 11% against the previous month. The import price peaked at $3,581 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($5,908 per ton), while the price for China ($2,154 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 Burkina Faso (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Germany (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $6,256 per ton, approximately equating the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $6,647 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 the United States ($9,776 per ton), while the average price for exports to India ($3,940 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 (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Germany
Spices; ginger, crushed or ground imports into Germany surged to 6.3K tons in 2022, rising by 50% compared with the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.0% 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 +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports surged to $22M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +66.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Ginger, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 5.5 | 2.7 | 3.5 | 6.8 | 7.3% |
| Netherlands | 0.2 | 2.6 | 5.0 | 4.1 | 173.7% |
| China | 4.7 | 1.7 | 1.8 | 2.8 | -15.9% |
| Vietnam | 0.5 | 0.2 | 0.6 | 2.4 | 68.7% |
| Nepal | 0.1 | 0.3 | 0.6 | 1.3 | 135.1% |
| India | 0.8 | 1.1 | 0.9 | 1.0 | 7.7% |
| Peru | 0.5 | 0.6 | 0.5 | 0.7 | 11.9% |
| France | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| Belgium | N/A | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 1.5 | 3.5 | 2.2 | 2.0 | 10.1% |
| Total | 13.9 | 13.1 | 15.4 | 21.8 | 16.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Germany in 2022:
- Nigeria (2379.2 tons)
- Netherlands (1190.9 tons)
- China (972.4 tons)
- Vietnam (435.8 tons)
- Nepal (246.5 tons)
- India (207.5 tons)
- Peru (154.9 tons)
- Belgium (118.0 tons)
- France (114.3 tons)
Exports of Spices; Ginger, Crushed or Ground in Germany
In 2022, overseas shipments of spices; ginger, crushed or ground decreased by -12.4% to 2K 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 +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year.
In value terms, spices; ginger, crushed or ground exports fell to $12M in 2022. The total export value increased at an average annual rate of +9.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 28%.
| Export of Spices; Ginger, Crushed or Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1,619 | 2,311 | 3,188 | 3,014 | 23.0% |
| United States | 1,434 | 1,769 | 1,537 | 1,540 | 2.4% |
| United Kingdom | 1,631 | 1,880 | 1,628 | 1,391 | -5.2% |
| Austria | 676 | 875 | 1,833 | 1,239 | 22.4% |
| Netherlands | 493 | 882 | 724 | 990 | 26.2% |
| Italy | 524 | 382 | 369 | 543 | 1.2% |
| France | 522 | 672 | 667 | 501 | -1.4% |
| Spain | 172 | 265 | 355 | 358 | 27.7% |
| Czech Republic | 165 | 267 | 271 | 257 | 15.9% |
| Canada | 161 | 170 | 317 | 250 | 15.8% |
| India | 5.6 | 14.3 | 55.5 | 194 | 226.0% |
| Others | 1,996 | 2,527 | 3,215 | 2,092 | 1.6% |
| Total | 9,398 | 12,012 | 14,159 | 12,369 | 9.6% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Germany in 2022:
- Poland (620.7 tons)
- United Kingdom (214.4 tons)
- Austria (195.4 tons)
- Netherlands (186.8 tons)
- United States (157.5 tons)
- France (68.0 tons)
- Italy (57.0 tons)
- Czech Republic (56.3 tons)
- Canada (51.5 tons)
- India (49.3 tons)
- Spain (44.8 tons)
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