Price for Spices; Ginger, Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Indonesia
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Indonesia
Price for Spices; Ginger, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,176 per ton in March 2022, jumping by 167% against the previous month. In general, the export price recorded a noticeable increase. The export price peaked at $2,230 per ton in November 2021; however, from December 2021 to March 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($7,585 per ton), while the average price for exports to Malaysia ($336 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,191 per ton in 2022, surging by 17% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of 210% against the previous year. As a result, import price reached the peak level of $1,779 per ton. From 2018 to 2022, the average 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 Vietnam ($2,040 per ton), while the price for China ($580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Indonesia
In 2022, the amount of spices; ginger, neither crushed nor ground exported from Indonesia surged to 6.4K tons, increasing by 102% compared with the year before. Over the period under review, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground soared to $4.9M in 2022. In general, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 339 | 1,500 | 455 | 1,244 | 54.2% |
| Bangladesh | 1,947 | 189 | N/A | 1,113 | -17.0% |
| Malaysia | 617 | 136 | 619 | 898 | 13.3% |
| Pakistan | 85.2 | N/A | 281 | 410 | 68.8% |
| Singapore | 384 | 278 | 170 | 199 | -19.7% |
| China | 8.6 | 106 | 51.2 | 97.8 | 124.9% |
| Vietnam | N/A | 263 | 260 | 8.5 | -82.0% |
| Others | 1,145 | 1,315 | 1,211 | 922 | -7.0% |
| Total | 4,526 | 3,788 | 3,048 | 4,891 | 2.6% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Indonesia in 2022:
- Malaysia (2348.3 tons)
- Bangladesh (2062.9 tons)
- India (805.8 tons)
- Pakistan (451.1 tons)
- Singapore (188.9 tons)
- China (180.2 tons)
- Vietnam (17.0 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Indonesia
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Indonesia declined dramatically to 565 tons, falling by -93.2% compared with 2021 figures. Overall, imports recorded a sharp setback. The smallest decline of -11.7% was in 2020.
In value terms, imports of spices; ginger, neither crushed nor ground shrank notably to $674K in 2022. In general, imports recorded a dramatic slump. The smallest decline of -2.3% was in 2020.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 1.6 | 5.2 | 0.2 | -20.6% |
| Nigeria | 0.3 | 0.6 | 0.4 | 0.2 | -12.6% |
| Vietnam | 3.7 | 5.7 | 0.9 | 0.1 | -70.0% |
| China | 3.8 | 2.7 | 0.4 | 0.1 | -70.3% |
| Thailand | 8.7 | 5.1 | 1.4 | N/A | -59.9% |
| Peru | N/A | N/A | N/A | N/A | 0% |
| Myanmar | 0.1 | 0.8 | N/A | N/A | 700.0% |
| Pakistan | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 17.0 | 16.6 | 8.5 | 0.7 | -65.5% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Indonesia in 2022:
- India (168.5 tons)
- Nigeria (151.4 tons)
- China (112.0 tons)
- Vietnam (64.0 tons)
- Thailand (38.9 tons)
- Peru (18.5 tons)
- Pakistan (12.3 tons)
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