Price for Spices; Ginger, Neither Crushed Nor Ground in Germany - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Germany (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Germany (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Germany
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Germany
Price for Spices; Ginger, Neither Crushed Nor Ground in Germany (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,312 per ton in 2022, falling by -17.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 36% against the previous year. As a result, import price reached the peak level of $3,749 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Nigeria ($2,607 per ton) and Spain ($2,498 per ton), while the price for Peru ($1,833 per ton) and China ($1,896 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Germany (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,408 per ton, waning by -23.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 31%. As a result, the export price attained the peak level of $3,652 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($6,822 per ton), while the average price for exports to the Netherlands ($1,918 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 Denmark (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Germany
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Germany reached 32K tons, standing approx. at 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground contracted sharply to $73M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 7.4 | 45.7 | 52.9 | 40.6 | 76.4% |
| China | 25.5 | 9.6 | 18.1 | 15.5 | -15.3% |
| Nigeria | 2.3 | 1.7 | 5.0 | 6.0 | 37.7% |
| Peru | 8.0 | 4.9 | 5.2 | 4.5 | -17.5% |
| Spain | 0.1 | 2.9 | 2.3 | 2.2 | 180.2% |
| Others | 4.9 | 6.9 | 4.9 | 4.4 | -3.5% |
| Total | 48.3 | 71.6 | 88.3 | 73.2 | 14.9% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Germany in 2022:
- Netherlands (16.4K tons)
- China (8.2K tons)
- Peru (2.5K tons)
- Nigeria (2.3K tons)
- Spain (0.9K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Germany
For the fourth consecutive year, Germany recorded growth in shipments abroad of spices; ginger, neither crushed nor ground, which increased by 20% to 6.3K tons in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; ginger, neither crushed nor ground reduced to $15M in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 90%. As a result, the exports reached the peak of $16M, and then dropped in the following year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.7 | 1.6 | 8.8 | 7.8 | 123.4% |
| Poland | 1.2 | 1.6 | 1.4 | 1.1 | -2.9% |
| United States | 0.2 | 0.5 | 0.9 | 1.1 | 76.5% |
| Czech Republic | 0.7 | 0.9 | 1.0 | 0.8 | 4.6% |
| Austria | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Finland | 0.4 | 0.6 | 0.6 | 0.5 | 7.7% |
| Sweden | 0.5 | 0.8 | 1.0 | 0.5 | 0.0% |
| Albania | 0.4 | 0.4 | 0.3 | 0.4 | 0.0% |
| Switzerland | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Slovakia | 0.3 | 0.5 | 0.5 | 0.3 | 0.0% |
| Others | 1.3 | 1.1 | 1.2 | 1.3 | 0.0% |
| Total | 6.3 | 8.7 | 16.5 | 15.1 | 33.8% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Germany in 2022:
- Netherlands (4082.6 tons)
- Poland (356.6 tons)
- Austria (308.2 tons)
- Sweden (263.1 tons)
- Czech Republic (256.5 tons)
- United States (165.7 tons)
- Finland (161.3 tons)
- Albania (126.0 tons)
- Slovakia (123.8 tons)
- Switzerland (110.2 tons)
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