Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria (CIF) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Algeria
Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,796 per ton in 2022, shrinking by -13.1% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -20.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. The import price peaked at $2,366 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,926 per ton), while the price for Niger ($544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Algeria
Imports of spices; ginger, neither crushed nor ground into Algeria declined dramatically to 1.3K tons in 2022, dropping by -23.3% against the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of 1.6K tons, and then contracted markedly in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground declined sharply to $2.3M in 2022. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $3.4M, and then shrank sharply in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,874 | 2,318 | 2,595 | 1,815 | -1.1% |
| United Arab Emirates | 288 | 102 | 238 | 183 | -14.0% |
| Spain | 101 | 66.1 | 286 | 104 | 1.0% |
| Others | 146 | 102 | 263 | 154 | 1.8% |
| Total | 2,409 | 2,588 | 3,382 | 2,256 | -2.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Algeria in 2022:
- China (1023.7 tons)
- Spain (69.0 tons)
- United Arab Emirates (62.6 tons)
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