Price for Spices; Ginger, Crushed or Ground in Mexico - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Mexico (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Mexico (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Mexico
- Exports of Spices; Ginger, Crushed or Ground in Mexico
Price for Spices; Ginger, Crushed or Ground in Mexico (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $4,743 per ton in 2022, dropping by -5.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 28%. As a result, import price reached the peak level of $7,304 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,887 per ton), while the price for Peru ($2,164 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Mexico (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $4,490 per ton in 2022, which is down by -4.2% against the previous year. Overall, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 an increase of 69%. The export price peaked at $5,611 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,545 per ton), while the average price for exports to Germany totaled $3,297 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.4%).
Imports of Spices; Ginger, Crushed or Ground in Mexico
In 2022, supplies from abroad of spices; ginger, crushed or ground decreased by -47.8% to 60 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, imports attained the peak of 124 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports declined notably to $282K in 2022. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. As a result, imports reached the peak of $715K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 159 | 240 | 105 | 105 | -12.9% |
| India | 110 | 214 | 264 | 98.9 | -3.5% |
| China | 118 | 206 | 11.7 | 44.7 | -27.6% |
| Peru | N/A | N/A | N/A | 33.4 | 0% |
| Nigeria | 25.3 | 28.5 | 29.7 | N/A | 8.3% |
| Germany | 8.7 | 14.3 | 31.7 | N/A | 90.9% |
| Others | 2.7 | 12.1 | 128 | N/A | 588.5% |
| Total | 424 | 715 | 570 | 282 | -12.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Mexico in 2022:
- India (24.5 tons)
- Peru (15.4 tons)
- United States (10.7 tons)
- China (8.9 tons)
Exports of Spices; Ginger, Crushed or Ground in Mexico
In 2022, spices; ginger, crushed or ground exports from Mexico surged to 12 tons, rising by 169% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern.
In value terms, spices; ginger, crushed or ground exports soared to $52K in 2022. Overall, exports continue to indicate a slight expansion.
| Export of Spices; Ginger, Crushed or Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.1 | 55.4 | 17.9 | 45.3 | 2.5% |
| Germany | 6.8 | 3.0 | 1.3 | 4.7 | -11.6% |
| United Kingdom | N/A | 7.6 | N/A | N/A | 0% |
| El Salvador | N/A | 17.1 | N/A | N/A | 0% |
| Others | 0.3 | 0.5 | 1.0 | 1.9 | 85.0% |
| Total | 49.2 | 83.6 | 20.2 | 51.9 | 1.8% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Mexico in 2022:
- United States (10.0 tons)
- Germany (1.4 tons)
1107
This report provides an in-depth analysis of the ginger market in Mexico.
84
This report provides an in-depth analysis of the market for spices except pepper or ginger in Mexico.
236
This report provides an in-depth analysis of the olive oil market in Mexico.
498
This report provides an in-depth analysis of the paint and varnish market in Mexico.
1385
This report provides an in-depth analysis of the virgin olive oil market in Mexico.
474
This report provides an in-depth analysis of the market for dog and cat food in Mexico.
1147
This report provides an in-depth analysis of the apricot market in Mexico.
368
This report provides an in-depth analysis of the wood fuel (coniferous) market in Mexico.
279
This report provides an in-depth analysis of the market for urea and thiourea resins in Mexico.
352
This report provides an in-depth analysis of the encased lead pencil market in Mexico.
419
In November 2022, the virgin olive oil price amounted to $6,013 per ton (CIF, Mexico), jumping by 15% against the previous month.
982
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1056
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
800
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7566
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8620
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1395
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7908
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11949
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1635
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
