Price for Spices; Ginger, Neither Crushed Nor Ground in Argentina - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Argentina (CIF) - 2023
- Price for Spices; Ginger, Neither Crushed Nor Ground in Argentina (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Argentina
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Argentina
Price for Spices; Ginger, Neither Crushed Nor Ground in Argentina (CIF) - 2023
In June 2023, the average import price for spices; ginger, neither crushed nor ground amounted to $1,630 per ton, with an increase of 35% against the previous month. In general, the import price enjoyed a moderate increase. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 58% month-to-month. The import price peaked in June 2023.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From June 2022 to June 2023, the rate of growth in terms of prices for Brazil amounted to +4.0% per month.
Price for Spices; Ginger, Neither Crushed Nor Ground in Argentina (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,137 per ton in 2022, which is down by -17.2% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 108% against the previous year. The export price peaked at $3,116 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($2,891 per ton), while the average price for exports to the Netherlands stood at $1,091 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+39.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Argentina
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -3.7% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 104%.
In value terms, imports of spices; ginger, neither crushed nor ground contracted rapidly to $2.7M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 278% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.6 | 2.4 | 3.1 | 2.6 | 63.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 0.6 | 2.4 | 3.2 | 2.7 | 65.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Argentina in 2022:
- Brazil (2.6K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Argentina
For the fourth year in a row, Argentina recorded growth in overseas shipments of spices; ginger, neither crushed nor ground, which increased by 154% to 23 tons in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground surged to $26K in 2022. In general, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.8 | 8.0 | 11.7 | 24.1 | 60.8% |
| Montenegro | N/A | N/A | N/A | 1.5 | 0% |
| Others | N/A | 0.4 | 0.5 | 0.2 | -29.3% |
| Total | 5.8 | 8.4 | 12.2 | 25.7 | 64.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Argentina in 2022:
- Netherlands (22.1 tons)
- Montenegro (0.5 tons)
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