Price for Spices; Ginger, Neither Crushed Nor Ground in Finland - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Finland (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Finland (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Finland
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Finland
Price for Spices; Ginger, Neither Crushed Nor Ground in Finland (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,728 per ton in 2022, with a decrease of -26.1% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 2014 when the average import price increased by 61%. As a result, import price reached the peak level of $4,435 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
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 Poland ($4,692 per ton), while the price for the Netherlands ($2,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Finland (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $3,273 per ton, waning by -35.9% against the previous year. In general, the export price saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47%. The export price peaked at $8,630 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Estonia amounted to -8.0% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Finland
In 2022, imports of spices; ginger, neither crushed nor ground into Finland declined to 601 tons, shrinking by -12% against the previous year. In general, imports continue to indicate a abrupt descent. The smallest decline of -1.3% was in 2021.
In value terms, imports of spices; ginger, neither crushed nor ground shrank dramatically to $1.6M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 42% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 384 | 2,051 | 2,270 | 1,479 | 56.8% |
| Denmark | 215 | 262 | 174 | 71.3 | -30.8% |
| Poland | N/A | N/A | N/A | 44.3 | 0% |
| China | 1,006 | N/A | 0.5 | N/A | -97.8% |
| Others | 61.9 | 60.2 | 75.6 | 44.5 | -10.4% |
| Total | 1,667 | 2,374 | 2,519 | 1,639 | -0.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Finland in 2022:
- Netherlands (561.8 tons)
- Denmark (18.6 tons)
- Poland (9.5 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Finland
Exports of spices; ginger, neither crushed nor ground from Finland surged to 1 tons in 2022, rising by 57% against 2021 figures. Over the period under review, exports, however, recorded a precipitous slump.
In value terms, exports of spices; ginger, neither crushed nor ground reached $3.3K in 2022. Overall, exports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $28K. 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 Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 19.8 | 27.6 | 3.1 | 3.2 | -45.5% |
| Others | 0.1 | 0.4 | 0.3 | 0.1 | 0.0% |
| Total | 19.9 | 28.0 | 3.3 | 3.3 | -45.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Finland in 2022:
- Estonia (1011.0 kg)
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