Price for Spices; Ginger, Neither Crushed Nor Ground in Jordan - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Jordan (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Jordan (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Jordan
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Jordan
Price for Spices; Ginger, Neither Crushed Nor Ground in Jordan (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,924 per ton, shrinking by -18.3% against the previous year. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 66%. The import price peaked at $2,355 per ton in 2021, and then fell markedly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,924 per ton), while the price for China ($1,924 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Jordan (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $1,376 per ton, shrinking by -20.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 103% against the previous year. As a result, the export price attained the peak level of $3,050 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($1,376 per ton) and India ($1,376 per ton), while the average price for exports to Free Zones ($1,376 per ton) and Kuwait ($1,376 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Jordan
In 2022, approx. 1.1K tons of spices; ginger, neither crushed nor ground were imported into Jordan; rising by 5.2% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of spices; ginger, neither crushed nor ground shrank to $2.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +45.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 69%. As a result, imports reached the peak of $2.6M, and then contracted in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,413 | 1,112 | 1,638 | 1,194 | -5.5% |
| India | N/A | 237 | 602 | 776 | 80.9% |
| Nigeria | 57.8 | 46.7 | 140 | 226 | 57.5% |
| United Arab Emirates | 81.2 | 100 | 128 | N/A | 25.6% |
| Others | 4.3 | 14.4 | 46.2 | N/A | 227.8% |
| Total | 1,557 | 1,511 | 2,554 | 2,195 | 12.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Jordan in 2022:
- China (620.3 tons)
- India (403.3 tons)
- Nigeria (117.2 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Jordan
Exports of spices; ginger, neither crushed nor ground from Jordan soared to 258 tons in 2022, with an increase of 69% against 2021. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 322%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground soared to $355K in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 141%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 176 | 42.6 | 187 | 177 | 0.2% |
| United Arab Emirates | N/A | 0.1 | N/A | 63.2 | 2414.0% |
| India | N/A | N/A | N/A | 53.5 | 0% |
| Egypt | N/A | N/A | N/A | 30.7 | 0% |
| Kuwait | N/A | N/A | N/A | 30.7 | 0% |
| Netherlands | N/A | N/A | 38.8 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 39.8 | N/A | 0% |
| Others | N/A | 67.8 | N/A | N/A | 0% |
| Total | 176 | 111 | 266 | 355 | 26.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Jordan in 2022:
- Free Zones (128.9 tons)
- United Arab Emirates (45.9 tons)
- India (38.9 tons)
- Egypt (22.3 tons)
- Kuwait (22.3 tons)
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