Price for Spices; Ginger, Crushed or Ground in Romania - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Romania (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Romania (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Romania
- Exports of Spices; Ginger, Crushed or Ground in Romania
Price for Spices; Ginger, Crushed or Ground in Romania (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $5,795 per ton in 2022, surging by 13% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 +75.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 87% against the previous year. The import price peaked at $7,890 per ton in 2016; however, from 2017 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 Austria ($10,103 per ton), while the price for Latvia ($3,401 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Romania (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $14,840 per ton, rising by 24% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 91% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($20,446 per ton), while the average price for exports to Hungary ($5,892 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 Denmark (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Romania
Spices; ginger, crushed or ground imports into Romania fell significantly to 38 tons in 2022, declining by -17.4% against the year before. Overall, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 25%.
In value terms, spices; ginger, crushed or ground imports dropped to $220K in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 3.7% against the previous year.
| Import of Spices; Ginger, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 42.3 | 61.0 | 33.5 | 62.7 | 14.0% |
| Austria | 58.3 | 42.1 | 49.0 | 37.1 | -14.0% |
| Germany | 47.9 | 47.7 | 63.3 | 32.3 | -12.3% |
| Latvia | 5.0 | 22.2 | 20.4 | 24.7 | 70.3% |
| Croatia | N/A | N/A | 0.4 | 21.2 | 5200.0% |
| China | 14.9 | 12.4 | 50.2 | 21.1 | 12.3% |
| Slovakia | 2.1 | 5.0 | 4.6 | 10.0 | 68.2% |
| Netherlands | 9.6 | 6.6 | 8.3 | 1.2 | -50.0% |
| Greece | 34.5 | 18.2 | 0.6 | 0.4 | -77.4% |
| United Kingdom | 157 | 2.3 | N/A | N/A | -98.5% |
| Others | 4.2 | 8.7 | 4.1 | 8.8 | 28.0% |
| Total | 376 | 226 | 234 | 220 | -16.4% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Romania in 2022:
- Poland (10.4 tons)
- Latvia (7.3 tons)
- China (5.7 tons)
- Germany (5.4 tons)
- Austria (3.7 tons)
- Croatia (3.0 tons)
- Slovakia (1.5 tons)
- Netherlands (0.1 tons)
- Greece (0.1 tons)
Exports of Spices; Ginger, Crushed or Ground in Romania
In 2022, shipments abroad of spices; ginger, crushed or ground decreased by -70.9% to 2.8 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2020 when exports increased by 49%. As a result, the exports reached the peak of 10 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; ginger, crushed or ground exports plummeted to $42K in 2022. Overall, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. As a result, the exports attained the peak of $116K, and then contracted notably in the following year.
| Export of Spices; Ginger, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 42.1 | 10.6 | 45.2 | 24.3 | -16.7% |
| France | 11.1 | 22.5 | 32.3 | 6.5 | -16.3% |
| Moldova | 2.0 | 3.8 | 3.5 | 3.1 | 15.7% |
| Poland | 17.3 | 21.3 | 16.6 | 2.5 | -47.5% |
| Hungary | 1.7 | 14.2 | 6.7 | 1.7 | 0.0% |
| Croatia | 1.1 | 0.3 | 4.6 | 1.6 | 13.3% |
| Germany | 0.8 | 1.0 | 3.7 | 1.1 | 11.2% |
| Spain | 0.2 | 1.7 | 0.1 | N/A | -29.3% |
| Others | 1.1 | 2.8 | 3.0 | 0.7 | -14.0% |
| Total | 77.4 | 78.1 | 116 | 41.6 | -18.7% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Romania in 2022:
- Italy (1188.0 kg)
- France (414.0 kg)
- Hungary (284.0 kg)
- Poland (276.0 kg)
- Moldova (252.0 kg)
- Germany (169.0 kg)
- Croatia (158.0 kg)
- Spain (2.0 kg)
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