Price for Spices; Ginger, Crushed or Ground in Israel - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Israel (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Israel (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Israel
- Exports of Spices; Ginger, Crushed or Ground in Israel
Price for Spices; Ginger, Crushed or Ground in Israel (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $4,078 per ton, remaining stable against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; ginger, crushed or ground import price increased by +34.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 67% against the previous year. As a result, import price attained the peak level of $5,678 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($4,078 per ton) and India ($4,078 per ton), while the price for China ($4,078 per ton) and Germany ($4,078 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Israel (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $4,290 per ton, reducing by -15.9% against the previous year. Over the period under review, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. As a result, the export price reached the peak level of $7,087 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -0.4% per year.
Imports of Spices; Ginger, Crushed or Ground in Israel
In 2022, the amount of spices; ginger, crushed or ground imported into Israel surged to 154 tons, picking up by 33% on the previous year. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 187% against the previous year. As a result, imports reached the peak of 203 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports skyrocketed to $629K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 207% against the previous year. As a result, imports attained the peak of $657K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 124 | 509 | 314 | 497 | 58.8% |
| India | 23.8 | 41.8 | 33.4 | 56.0 | 33.0% |
| Vietnam | 6.7 | 9.8 | 11.0 | 24.0 | 53.0% |
| Germany | 19.8 | 4.5 | 16.3 | 21.0 | 2.0% |
| Nigeria | N/A | N/A | N/A | 14.0 | 0% |
| Spain | N/A | 4.6 | N/A | 14.0 | 74.5% |
| Others | 39.3 | 87.1 | 93.9 | 3.0 | -57.6% |
| Total | 214 | 657 | 469 | 629 | 43.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Israel in 2022:
- China (121.9 tons)
- India (13.7 tons)
- Vietnam (5.9 tons)
- Germany (5.2 tons)
- Nigeria (3.4 tons)
- Spain (3.4 tons)
Exports of Spices; Ginger, Crushed or Ground in Israel
In 2022, the amount of spices; ginger, crushed or ground exported from Israel soared to 2.1 tons, growing by 257% against the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $9K in 2022. In general, exports, however, continue to indicate a abrupt curtailment.
| Export of Spices; Ginger, Crushed or Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.2 | 14.9 | 3.0 | 8.8 | -7.7% |
| Others | 0.8 | 0.1 | N/A | 0.2 | -37.0% |
| Total | 12.0 | 15.0 | 3.0 | 9.0 | -9.1% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Israel in 2022:
- United States (2.1 tons)
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