Price for Spices; Ginger, Neither Crushed Nor Ground in Italy - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Italy (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Italy (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Italy
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Italy
Price for Spices; Ginger, Neither Crushed Nor Ground in Italy (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,704 per ton, dropping by -19.4% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -24.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 39%. As a result, import price attained the peak level of $2,265 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($3,310 per ton), while the price for Brazil ($1,364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Italy (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,030 per ton, with a decrease of -24% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; ginger, neither crushed nor ground decreased by -32.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. The export price peaked at $3,020 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($6,727 per ton), while the average price for exports to India ($1,380 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 Belgium (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Italy
In 2022, imports of spices; ginger, neither crushed nor ground into Italy contracted to 5.5K tons, declining by -13.6% against the year before. Over the period under review, imports continue to indicate a abrupt shrinkage. The smallest decline of -5.8% was in 2020.
In value terms, imports of spices; ginger, neither crushed nor ground declined significantly to $9.4M in 2022. In general, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. As a result, imports reached the peak of $16M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.5 | 4.4 | 3.5 | 2.9 | 5.1% |
| China | 6.2 | 4.9 | 4.1 | 2.3 | -28.1% |
| Germany | 1.0 | 2.4 | 1.7 | 1.3 | 9.1% |
| Brazil | 0.8 | 1.4 | 1.5 | 0.8 | 0.0% |
| Peru | 0.5 | 1.0 | 1.2 | 0.7 | 11.9% |
| France | 0.1 | 0.2 | 0.1 | 0.5 | 71.0% |
| Spain | 0.4 | 0.5 | 0.4 | 0.3 | -9.1% |
| Others | 0.6 | 1.0 | 0.9 | 0.6 | 0.0% |
| Total | 12.1 | 15.7 | 13.5 | 9.4 | -8.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Italy in 2022:
- Netherlands (2039.9 tons)
- China (1445.4 tons)
- Brazil (588.4 tons)
- Germany (463.2 tons)
- Peru (429.4 tons)
- France (143.5 tons)
- Spain (122.5 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Italy
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -17.3% to 992 tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 56%. As a result, the exports reached the peak of 2.7K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground fell rapidly to $2M in 2022. Over the period under review, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 103%. As a result, the exports attained the peak of $8.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 514 | 1,058 | 695 | 365 | -10.8% |
| Germany | 1,007 | 2,051 | 614 | 293 | -33.7% |
| Spain | 158 | 302 | 291 | 236 | 14.3% |
| Belgium | 279 | 419 | 219 | 170 | -15.2% |
| Slovenia | 230 | 662 | 385 | 163 | -10.8% |
| Malta | 59.3 | 105 | 116 | 110 | 22.9% |
| Austria | 118 | 157 | 144 | 108 | -2.9% |
| Hungary | 33.6 | 52.6 | 55.4 | 101 | 44.3% |
| Netherlands | 786 | 2,037 | 257 | 79.5 | -53.4% |
| Greece | 59.8 | 196 | 95.7 | 75.1 | 7.9% |
| Croatia | 204 | 308 | 128 | 54.2 | -35.7% |
| United Kingdom | 217 | 521 | N/A | 43.9 | -41.3% |
| India | 1.3 | N/A | N/A | 32.4 | 192.1% |
| Others | 369 | 320 | 205 | 183 | -20.8% |
| Total | 4,035 | 8,189 | 3,205 | 2,015 | -20.7% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Italy in 2022:
- France (231.5 tons)
- Spain (158.8 tons)
- Germany (111.4 tons)
- Slovenia (89.5 tons)
- Netherlands (57.4 tons)
- Austria (51.0 tons)
- Malta (45.3 tons)
- Greece (44.1 tons)
- Hungary (39.0 tons)
- Belgium (25.2 tons)
- India (23.5 tons)
- Croatia (21.8 tons)
- United Kingdom (21.1 tons)
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