Price for Spices; Ginger, Crushed or Ground in Ireland - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Ireland (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Ireland (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Ireland
- Exports of Spices; Ginger, Crushed or Ground in Ireland
Price for Spices; Ginger, Crushed or Ground in Ireland (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $2,927 per ton, dropping by -14.4% against the previous year. Overall, the import price recorded a slight contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 61%. The import price peaked at $4,741 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($5,339 per ton), while the price for China ($2,321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+68.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Ireland (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $4,413 per ton, reducing by -21.6% against the previous year. In general, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure at $10,260 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($4,708 per ton), while the average price for exports to Norway amounted to $2,835 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-12.3%).
Imports of Spices; Ginger, Crushed or Ground in Ireland
In 2022, the amount of spices; ginger, crushed or ground imported into Ireland rose notably to 208 tons, surging by 9.9% compared with 2021 figures. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports shrank to $610K in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 87%. As a result, imports attained the peak of $648K, and then contracted in the following year.
| Import of Spices; Ginger, Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 112 | 25.6 | 288 | 329 | 43.2% |
| United Kingdom | 85.0 | 173 | 110 | 118 | 11.6% |
| Vietnam | 15.7 | 24.2 | 39.6 | 55.5 | 52.3% |
| Netherlands | 29.8 | 47.9 | 109 | 52.3 | 20.6% |
| Belgium | N/A | N/A | 0.7 | 25.7 | 3571.4% |
| Germany | 36.8 | 71.7 | 31.9 | 5.0 | -48.6% |
| Others | 4.4 | 4.5 | 69.5 | 24.0 | 76.0% |
| Total | 284 | 347 | 648 | 610 | 29.0% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Ireland in 2022:
- China (141.8 tons)
- United Kingdom (22.1 tons)
- Netherlands (17.2 tons)
- Vietnam (14.8 tons)
- Belgium (6.3 tons)
- Germany (0.6 tons)
Exports of Spices; Ginger, Crushed or Ground in Ireland
In 2022, approx. 16 tons of spices; ginger, crushed or ground were exported from Ireland; growing by 605% on 2021 figures. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; ginger, crushed or ground exports surged to $73K in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 9.5 | 8.8 | 12.4 | 64.2 | 89.1% |
| Norway | N/A | N/A | 0.3 | 7.9 | 2533.3% |
| Others | 1.8 | 0.8 | 0.5 | 0.6 | -30.7% |
| Total | 11.4 | 9.7 | 13.2 | 72.7 | 85.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Ireland in 2022:
- United Kingdom (13.6 tons)
- Norway (2.8 tons)
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