Price for Spices; Ginger, Neither Crushed Nor Ground in Bulgaria - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria
Price for Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,835 per ton, waning by -10.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $2,078 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the Czech Republic ($3,049 per ton), while the price for China ($1,582 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $1,521 per ton, dropping by -11.2% against the previous year. Over the period under review, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 an increase of 75% against the previous year. As a result, the export price attained the peak level of $4,682 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($1,289 per ton), while the average price for exports to the UK amounted to $1,107 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.5%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -9.4% to 818 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 122%. As a result, imports attained the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground fell rapidly to $1.5M in 2022. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 164% against the previous year. As a result, imports reached the peak of $3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 178 | 882 | 694 | 736 | 60.5% |
| Netherlands | 437 | 1,504 | 827 | 486 | 3.6% |
| Czech Republic | 130 | 153 | 196 | 93.1 | -10.5% |
| Italy | N/A | 20.1 | 2.5 | 76.9 | 95.6% |
| Spain | 170 | 229 | 40.1 | 39.1 | -38.7% |
| China | 39.0 | 15.4 | 20.4 | 31.0 | -7.4% |
| Thailand | N/A | 44.7 | 58.3 | N/A | 30.4% |
| Slovakia | 148 | 76.9 | N/A | N/A | -48.0% |
| Others | 19.9 | 38.1 | 15.1 | 39.1 | 25.2% |
| Total | 1,122 | 2,963 | 1,854 | 1,502 | 10.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Bulgaria in 2022:
- Greece (457.9 tons)
- Netherlands (252.2 tons)
- Czech Republic (30.5 tons)
- Italy (25.4 tons)
- China (19.6 tons)
- Spain (19.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; ginger, neither crushed nor ground, when their volume decreased by -40.7% to 25 tons. Over the period under review, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 35%.
In value terms, exports of spices; ginger, neither crushed nor ground dropped notably to $39K in 2022. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 136%. As a result, the exports attained the peak of $153K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 13.7 | 11.7 | 26.2 | 23.1 | 19.0% |
| United Kingdom | 4.2 | 5.5 | 1.6 | 7.1 | 19.1% |
| Romania | 23.4 | 34.1 | 5.1 | 1.8 | -57.5% |
| Thailand | N/A | N/A | 11.3 | N/A | 0% |
| Netherlands | 5.2 | 1.9 | 9.5 | N/A | 35.2% |
| Italy | 1.6 | 32.0 | 3.0 | N/A | 36.9% |
| Belarus | N/A | 49.0 | N/A | N/A | 0% |
| Others | 16.7 | 18.7 | 16.4 | 6.6 | -26.6% |
| Total | 64.8 | 153 | 73.2 | 38.6 | -15.9% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Bulgaria in 2022:
- Cyprus (17.9 tons)
- United Kingdom (6.4 tons)
- Romania (0.4 tons)
420
This report provides an in-depth analysis of the ginger market in Bulgaria.
37
This report provides an in-depth analysis of the market for spices except pepper or ginger in Bulgaria.
645
This report provides an in-depth analysis of the market for dog and cat food in Bulgaria.
702
This report provides an in-depth analysis of the apricot market in Bulgaria.
715
This report provides an in-depth analysis of the virgin olive oil market in Bulgaria.
918
This report provides an in-depth analysis of the paint and varnish market in Bulgaria.
384
This report provides an in-depth analysis of the olive oil market in Bulgaria.
241
This report provides an in-depth analysis of the encased lead pencil market in Bulgaria.
301
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Bulgaria.
292
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Bulgaria.
906
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1020
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7504
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8586
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7887
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11865
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1621
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3387
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
