Price for Spices; Ginger, Neither Crushed Nor Ground in Colombia - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Colombia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Colombia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Colombia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Colombia
Price for Spices; Ginger, Neither Crushed Nor Ground in Colombia (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $242 per ton in 2022, falling by -54.1% against the previous year. In general, the import price, however, posted a slight increase. The pace of growth appeared the most rapid in 2020 an increase of 62%. Over the period under review, average import prices reached the maximum at $528 per ton in 2021, and then reduced remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($527 per ton), while the price for Ecuador totaled $214 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+11.4%).
Price for Spices; Ginger, Neither Crushed Nor Ground in Colombia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $4,156 per ton in 2022, increasing by 159% against the previous year. In general, the export price recorded a prominent increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($7,000 per ton), while the average price for exports to Aruba ($2,458 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 France (+40.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Colombia
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Colombia skyrocketed to 1.1K tons, jumping by 44% against the previous year's figure. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 65%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground shrank dramatically to $272K in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 167%.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 29.1 | 42.4 | 130 | 219 | 96.0% |
| Peru | 28.2 | 192 | 267 | 51.1 | 21.9% |
| Others | 37.3 | 18.4 | 13.5 | 1.7 | -64.3% |
| Total | 94.6 | 253 | 411 | 272 | 42.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Colombia in 2022:
- Ecuador (1026.1 tons)
- Peru (97.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Colombia
For the fourth consecutive year, Colombia recorded growth in overseas shipments of spices; ginger, neither crushed nor ground, which increased by 31% to 6.5 tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 172% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground soared to $27K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.4 | 1.4 | 1.1 | 14.0 | 227.1% |
| Aruba | N/A | 0.2 | 0.3 | 6.7 | 478.8% |
| Curacao | N/A | N/A | N/A | 6.3 | 0% |
| Spain | 0.8 | 0.3 | 1.7 | N/A | 45.8% |
| Canada | 0.1 | 1.9 | 3.0 | N/A | 447.7% |
| Others | 1.2 | 1.9 | 1.8 | N/A | 22.5% |
| Total | 2.6 | 5.8 | 8.0 | 27.0 | 118.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Colombia in 2022:
- Aruba (2.7 tons)
- United States (2.0 tons)
- Curacao (1.8 tons)
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