Price for Spices; Ginger, Crushed or Ground in Peru - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Peru (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in Peru (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in Peru
- Imports of Spices; Ginger, Crushed or Ground in Peru
Price for Spices; Ginger, Crushed or Ground in Peru (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $2,350 per ton in 2022, picking up by 2.7% against the previous year. Overall, the export price, however, saw a slight shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 34%. Over the period under review, the average export prices hit record highs at $3,042 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($6,781 per ton), while the average price for exports to Colombia ($698 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 Chile (+7.6%), while the prices for the other major destinations experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Peru (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $5,293 per ton, dropping by -17.6% against the previous year. In general, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 81% against the previous year. As a result, import price attained the peak level of $6,424 per ton, and then dropped remarkably in the following year.
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 United States ($23,405 per ton), while the price for Chile ($1,330 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 Arab Emirates (+246.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Ginger, Crushed or Ground in Peru
In 2022, the amount of spices; ginger, crushed or ground exported from Peru totaled 910 tons, with an increase of 15% on 2021 figures. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 96%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; ginger, crushed or ground exports soared to $2.1M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -13.1% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $2.5M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Ginger, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 101 | 539 | 310 | 1,326 | 135.9% |
| Latvia | 59.0 | 180 | 115 | 142 | 34.0% |
| Germany | 190 | 487 | 110 | 112 | -16.2% |
| Canada | 145 | 179 | 75.7 | 111 | -8.5% |
| Spain | 49.3 | 63.8 | 69.4 | 76.9 | 16.0% |
| Colombia | 9.9 | 81.5 | 60.7 | 75.0 | 96.4% |
| Netherlands | 168 | 109 | 11.5 | 44.2 | -35.9% |
| Mexico | 150 | 83.2 | 28.6 | 30.6 | -41.1% |
| Chile | 86.3 | 201 | 113 | 13.3 | -46.4% |
| Others | 275 | 540 | 921 | 208 | -8.9% |
| Total | 1,234 | 2,462 | 1,816 | 2,139 | 20.1% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Peru in 2022:
- United States (426.3 tons)
- Latvia (114.7 tons)
- Colombia (107.3 tons)
- Spain (60.7 tons)
- Germany (52.9 tons)
- Netherlands (21.7 tons)
- Mexico (18.5 tons)
- Canada (16.4 tons)
- Chile (13.9 tons)
Imports of Spices; Ginger, Crushed or Ground in Peru
Spices; ginger, crushed or ground imports into Peru expanded significantly to 12 tons in 2022, growing by 7.2% against the previous year's figure. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 193%. As a result, imports attained the peak of 15 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports fell to $61K in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 123%.
| Import of Spices; Ginger, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.1 | 31.0 | 28.7 | 20.5 | 4.2% |
| Netherlands | N/A | N/A | N/A | 19.5 | 0% |
| China | 3.9 | 11.8 | 13.1 | 9.4 | 34.1% |
| Germany | N/A | N/A | 13.9 | 4.6 | -66.9% |
| Chile | 0.7 | 1.4 | 5.6 | 4.0 | 78.8% |
| United Arab Emirates | N/A | 7.3 | 1.7 | N/A | -76.7% |
| Others | 0.9 | 1.3 | 6.0 | 2.9 | 47.7% |
| Total | 23.7 | 52.9 | 68.9 | 60.9 | 37.0% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Peru in 2022:
- Netherlands (4.9 tons)
- Chile (3.0 tons)
- China (2.3 tons)
- United States (0.9 tons)
- Germany (0.4 tons)
961
This report provides an in-depth analysis of the ginger market in Peru.
51
This report provides an in-depth analysis of the market for spices except pepper or ginger in Peru.
227
This report provides an in-depth analysis of the olive oil market in Peru.
692
This report provides an in-depth analysis of the paint and varnish market in Peru.
882
This report provides an in-depth analysis of the virgin olive oil market in Peru.
535
This report provides an in-depth analysis of the market for dog and cat food in Peru.
1029
This report provides an in-depth analysis of the apricot market in Peru.
312
This report provides an in-depth analysis of the wood fuel (coniferous) market in Peru.
322
This report provides an in-depth analysis of the market for urea and thiourea resins in Peru.
398
This report provides an in-depth analysis of the encased lead pencil market in Peru.
894
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).
1007
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.
777
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7488
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8577
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1374
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>
7872
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
11855
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
1616
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.
3378
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
