Price for Spices; Ginger, Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Slovakia (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Slovakia (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Slovakia
- Exports of Spices; Ginger, Crushed or Ground in Slovakia
Price for Spices; Ginger, Crushed or Ground in Slovakia (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $5,069 per ton in 2022, which is down by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure at $5,167 per ton in 2021, and then shrank 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 Germany ($9,221 per ton), while the price for France ($1,680 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Slovakia (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $7,413 per ton in 2022, surging by 32% against the previous year. In general, the export price saw pronounced growth. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $7,659 per ton in 2015; however, from 2016 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 Germany ($21,114 per ton), while the average price for exports to the Czech Republic ($6,251 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 Germany (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Slovakia
In 2022, after three years of growth, there was decline in supplies from abroad of spices; ginger, crushed or ground, when their volume decreased by -2.1% to 44 tons. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 24%.
In value terms, spices; ginger, crushed or ground imports contracted slightly to $225K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
| Import of Spices; Ginger, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 51.4 | 87.3 | 94.5 | 74.2 | 13.0% |
| Netherlands | N/A | 53.6 | 24.9 | 47.6 | -5.8% |
| Poland | 3.7 | 13.3 | 57.4 | 37.0 | 115.4% |
| Slovenia | N/A | N/A | 18.1 | 19.4 | 7.2% |
| Spain | N/A | 2.6 | N/A | 18.6 | 167.5% |
| Czech Republic | 14.1 | 23.0 | 16.6 | 17.6 | 7.7% |
| Italy | 1.5 | N/A | N/A | 1.3 | -4.7% |
| France | N/A | N/A | N/A | 1.2 | 0% |
| Nigeria | 19.6 | N/A | N/A | N/A | 0% |
| Thailand | 10.5 | N/A | N/A | N/A | 0% |
| China | 32.8 | N/A | N/A | N/A | 0% |
| Vietnam | 7.4 | N/A | N/A | N/A | 0% |
| Others | 6.3 | 12.9 | 22.8 | 7.9 | 7.8% |
| Total | 147 | 193 | 234 | 225 | 15.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Slovakia in 2022:
- Poland (10.0 tons)
- Netherlands (9.2 tons)
- Germany (8.1 tons)
- Slovenia (7.0 tons)
- Spain (4.9 tons)
- Czech Republic (2.9 tons)
- Italy (0.8 tons)
- France (0.7 tons)
Exports of Spices; Ginger, Crushed or Ground in Slovakia
For the third consecutive year, Slovakia recorded decline in shipments abroad of spices; ginger, crushed or ground, which decreased by -8.9% to 9.6 tons in 2022. Overall, exports continue to indicate a dramatic decline.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $71K in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 25%. As a result, the exports reached the peak of $80K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Ginger, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 2.6 | 23.6 | 22.2 | 27.5 | 119.5% |
| Czech Republic | 21.2 | 18.2 | 20.1 | 25.5 | 6.3% |
| Romania | 3.6 | 4.5 | 4.4 | 10.4 | 42.4% |
| Germany | N/A | N/A | N/A | 7.3 | 0% |
| Austria | 31.8 | 18.1 | N/A | N/A | -43.1% |
| Poland | 4.1 | 16.0 | 12.5 | N/A | 74.6% |
| Others | 1.1 | 0.1 | 0.1 | 0.7 | -14.0% |
| Total | 64.4 | 80.5 | 59.3 | 71.3 | 3.5% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Slovakia in 2022:
- Poland (undefined tons)
- Czech Republic (4.1 tons)
- Hungary (3.7 tons)
- Romania (1.5 tons)
- Germany (0.3 tons)
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