Price for Spices; Ginger, Neither Crushed Nor Ground in Iraq - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Iraq (CIF) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Iraq
Price for Spices; Ginger, Neither Crushed Nor Ground in Iraq (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,174 per ton, shrinking by -22.9% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 61%. The import price peaked at $1,751 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Turkey ($2,156 per ton), while the price for Kuwait ($424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Iraq
Imports of spices; ginger, neither crushed nor ground into Iraq was estimated at 2K tons in 2022, surging by 7.4% on the year before. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports reached the peak of 2.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; ginger, neither crushed nor ground dropped dramatically to $2.4M in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. As a result, imports reached the peak of $3.7M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 840 | 1,533 | 1,209 | 868 | 1.1% |
| United Arab Emirates | 875 | 1,956 | 1,237 | 823 | -2.0% |
| India | 59.8 | 101 | 242 | 501 | 103.1% |
| Indonesia | 20.6 | 64.8 | 44.9 | 76.1 | 54.6% |
| Others | 45.4 | 71.5 | 117 | 90.3 | 25.8% |
| Total | 1,841 | 3,726 | 2,849 | 2,359 | 8.6% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Iraq in 2022:
- China (1109.5 tons)
- United Arab Emirates (509.9 tons)
- India (272.2 tons)
- Indonesia (59.1 tons)
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