Price for Spices; Ginger, Crushed or Ground in Libya - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Libya (CIF) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Libya
Price for Spices; Ginger, Crushed or Ground in Libya (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $1,205 per ton in 2022, shrinking by -35.4% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $8,017 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($1,283 per ton), while the price for India stood at $964 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.9%).
Imports of Spices; Ginger, Crushed or Ground in Libya
In 2022, supplies from abroad of spices; ginger, crushed or ground decreased by -63% to 30 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 81 tons, and then shrank notably in the following year.
In value terms, spices; ginger, crushed or ground imports dropped sharply to $36K in 2022. Overall, imports faced a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, imports reached the peak of $151K, and then dropped notably in the following year.
| Import of Spices; Ginger, Crushed or Ground in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 54.6 | 78.5 | 137 | 27.5 | -20.4% |
| India | 25.8 | 14.8 | 12.2 | 7.9 | -32.6% |
| Others | 0.7 | 1.5 | 1.4 | 0.5 | -10.6% |
| Total | 81.2 | 94.7 | 151 | 36.0 | -23.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Libya in 2022:
- United Arab Emirates (21.5 tons)
- India (8.2 tons)
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