Price for Spices; Ginger, Neither Crushed Nor Ground in Denmark - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Denmark (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Denmark (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Denmark
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Denmark
Price for Spices; Ginger, Neither Crushed Nor Ground in Denmark (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,785 per ton in 2022, declining by -22.9% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The import price peaked at $2,316 per ton in 2021, and then shrank remarkably in the following year.
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 Germany ($2,945 per ton), while the price for China ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Denmark (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $2,728 per ton in 2022, waning by -19.2% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46% against the previous year. The export price peaked at $3,655 per ton in 2014; however, from 2015 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 Greenland ($4,529 per ton), while the average price for exports to the Netherlands ($2,295 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 the Netherlands (+8.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Denmark
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Denmark surged to 2.6K tons, rising by 17% compared with 2021 figures. Overall, imports, however, showed a noticeable downturn.
In value terms, imports of spices; ginger, neither crushed nor ground dropped to $4.7M in 2022. In general, imports, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of $5.2M, and then declined in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.1 | 3.3 | 4.1 | 4.2 | 10.7% |
| Germany | 0.5 | 0.1 | 0.2 | 0.2 | -26.3% |
| Spain | 0.1 | N/A | N/A | 0.2 | 26.0% |
| China | 1.2 | 0.5 | 0.4 | N/A | -42.3% |
| Others | 0.2 | 0.6 | 0.4 | 0.1 | -20.6% |
| Total | 5.0 | 4.5 | 5.2 | 4.7 | -2.0% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Denmark in 2022:
- Netherlands (2437.9 tons)
- Spain (76.8 tons)
- Germany (74.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Denmark
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -13% to 349 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 74%. As a result, the exports attained the peak of 594 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground declined notably to $953K in 2022. In general, exports, however, posted noticeable growth. The most prominent rate of growth was recorded in 2020 when exports increased by 127%. As a result, the exports attained the peak of $1.9M. 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 Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 274 | 681 | 606 | 428 | 16.0% |
| Netherlands | 107 | N/A | 1.0 | 230 | 29.1% |
| Sweden | 201 | 1,065 | 576 | 96.0 | -21.8% |
| Iceland | 72.1 | 62.4 | 83.6 | 67.8 | -2.0% |
| Germany | 101 | 4.4 | 3.6 | 48.7 | -21.6% |
| Faroe Islands | 38.8 | 41.4 | 37.0 | 37.4 | -1.2% |
| Greenland | 43.9 | 42.8 | 44.5 | 35.3 | -7.0% |
| Others | 2.5 | 5.8 | 5.4 | 9.6 | 56.6% |
| Total | 840 | 1,903 | 1,357 | 953 | 4.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Denmark in 2022:
- Norway (158.9 tons)
- Netherlands (100.3 tons)
- Sweden (25.3 tons)
- Iceland (24.9 tons)
- Germany (19.6 tons)
- Faroe Islands (8.8 tons)
- Greenland (7.8 tons)
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