Price for Spices; Ginger, Crushed or Ground in the Czech Republic - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in the Czech Republic (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in the Czech Republic (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in the Czech Republic
- Exports of Spices; Ginger, Crushed or Ground in the Czech Republic
Price for Spices; Ginger, Crushed or Ground in the Czech Republic (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $6,869 per ton, picking up by 1.7% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($36,152 per ton), while the price for Poland ($4,450 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in the Czech Republic (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $9,622 per ton, with a decrease of -16.5% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 29%. Over the period under review, the average export prices hit record highs at $13,288 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($18,588 per ton), while the average price for exports to Hungary ($6,123 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 Romania (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in the Czech Republic
In 2022, imports of spices; ginger, crushed or ground into the Czech Republic rose significantly to 90 tons, picking up by 12% against the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% 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 +78.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, spices; ginger, crushed or ground imports rose rapidly to $620K in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 85%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Spices; Ginger, Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.2 | 128 | 206 | 252 | 76.0% |
| Slovakia | 4.4 | 7.5 | 139 | 244 | 281.3% |
| Poland | 14.9 | 27.7 | 60.2 | 66.2 | 64.4% |
| Austria | 1.8 | 78.3 | 91.3 | 43.8 | 189.8% |
| Netherlands | 46.0 | 13.6 | 7.6 | 1.6 | -67.4% |
| Nigeria | 111 | N/A | 3.4 | N/A | -82.5% |
| Peru | 12.0 | N/A | N/A | N/A | 0% |
| China | 28.6 | N/A | 0.7 | N/A | -84.4% |
| Others | 21.8 | 37.2 | 33.4 | 12.0 | -18.0% |
| Total | 287 | 292 | 542 | 620 | 29.3% |
Top Suppliers of Spices; Ginger, Crushed or Ground to the Czech Republic in 2022:
- China (undefined tons)
- Germany (48.2 tons)
- Slovakia (19.4 tons)
- Poland (14.9 tons)
- Austria (4.7 tons)
- Netherlands (0.6 tons)
Exports of Spices; Ginger, Crushed or Ground in the Czech Republic
In 2022, approx. 17 tons of spices; ginger, crushed or ground were exported from the Czech Republic; growing by 28% against the previous year. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +27.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 87% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, spices; ginger, crushed or ground exports rose markedly to $160K in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +95.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 92%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.5 | 50.7 | 47.6 | 49.1 | 67.2% |
| Austria | 23.7 | 39.6 | 23.9 | 27.2 | 4.7% |
| Slovakia | 16.8 | 23.5 | 22.7 | 24.1 | 12.8% |
| Spain | N/A | 0.1 | 4.7 | 12.2 | 1004.5% |
| Romania | 9.1 | 15.3 | 7.5 | 10.4 | 4.6% |
| Denmark | 11.9 | 12.2 | 16.1 | 8.8 | -9.6% |
| Norway | 1.6 | 3.2 | N/A | 8.3 | 73.1% |
| Hungary | 0.4 | 2.5 | 6.0 | 7.1 | 160.9% |
| Others | 7.8 | 10.2 | 22.0 | 13.1 | 18.9% |
| Total | 81.9 | 157 | 151 | 160 | 25.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from the Czech Republic in 2022:
- Germany (6.3 tons)
- Slovakia (2.4 tons)
- Austria (1.5 tons)
- Spain (1.4 tons)
- Hungary (1.2 tons)
- Romania (1.1 tons)
- Denmark (1.0 tons)
- Norway (0.9 tons)
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