Price for Spices; Ginger, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Hungary (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Hungary (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Hungary
- Exports of Spices; Ginger, Crushed or Ground in Hungary
Price for Spices; Ginger, Crushed or Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $6,338 per ton, surging by 22% against the previous year. Overall, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($9,225 per ton), while the price for Slovenia ($3,971 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Hungary (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $5,151 per ton in 2022, picking up by 10% against the previous year. Overall, the export price, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 an increase of 55%. As a result, the export price attained the peak level of $11,281 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($14,537 per ton), while the average price for exports to Moldova ($4,037 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 the Czech Republic (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Hungary
After two years of decline, overseas purchases of spices; ginger, crushed or ground increased by 38% to 54 tons in 2022. Overall, imports, however, showed a deep slump.
In value terms, spices; ginger, crushed or ground imports skyrocketed to $342K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Ginger, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 13.2 | 27.8 | 124 | 216.8% |
| Netherlands | 130 | 103 | 60.2 | 112 | -4.8% |
| Slovakia | 3.8 | 22.1 | 21.8 | 31.7 | 102.8% |
| Austria | 18.2 | 27.2 | 28.2 | 31.0 | 19.4% |
| Belgium | N/A | 12.3 | 25.3 | 28.5 | 52.2% |
| Turkey | 1.7 | 1.6 | 1.7 | 6.4 | 55.6% |
| Slovenia | N/A | N/A | N/A | 4.0 | 0% |
| Poland | 7.8 | 1.8 | N/A | N/A | -76.9% |
| Others | 5.3 | 33.0 | 38.5 | 4.5 | -5.3% |
| Total | 170 | 214 | 204 | 342 | 26.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Hungary in 2022:
- Netherlands (22.2 tons)
- Germany (14.2 tons)
- Belgium (7.0 tons)
- Slovakia (4.1 tons)
- Austria (3.4 tons)
- Turkey (1.6 tons)
- Slovenia (1.0 tons)
Exports of Spices; Ginger, Crushed or Ground in Hungary
In 2022, the amount of spices; ginger, crushed or ground exported from Hungary surged to 11 tons, picking up by 118% compared with the previous year. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 4,552%. As a result, the exports reached the peak of 93 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground exports soared to $58K in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 5,152% against the previous year. As a result, the exports attained the peak of $393K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Ginger, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 3.0 | 10.6 | 39.0 | 260.6% |
| Romania | 1.0 | 2.4 | 3.8 | 5.2 | 73.2% |
| Czech Republic | N/A | 1.6 | 3.2 | 2.6 | 27.5% |
| Singapore | N/A | N/A | 0.8 | 1.6 | 100.0% |
| Moldova | N/A | N/A | N/A | 1.2 | 0% |
| Croatia | N/A | 1.6 | 0.4 | 1.0 | -20.9% |
| France | N/A | N/A | N/A | 0.9 | 0% |
| Bulgaria | 4.6 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 384 | 5.6 | 6.8 | 53.0% |
| Total | 7.5 | 393 | 24.3 | 58.4 | 98.2% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Hungary in 2022:
- Germany (8.8 tons)
- Czech Republic (0.5 tons)
- Romania (0.4 tons)
- Singapore (0.3 tons)
- Moldova (0.3 tons)
- France (0.2 tons)
- Croatia (0.2 tons)
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