Price for Spices; Ginger, Neither Crushed Nor Ground in Spain - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Spain (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Spain (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Spain
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Spain
Price for Spices; Ginger, Neither Crushed Nor Ground in Spain (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,494 per ton in 2022, with a decrease of -28.2% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The pace of growth was the most pronounced in 2020 an increase of 29% against the previous year. Over the period under review, average import prices attained the peak figure at $2,504 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,892 per ton), while the price for Brazil ($1,277 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Spain (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,399 per ton, falling by -18.2% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36% against the previous year. The export price peaked at $2,934 per ton in 2021, and then contracted remarkably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3,080 per ton), while the average price for exports to Morocco ($1,489 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 Morocco (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Spain
In 2022, purchases abroad of spices; ginger, neither crushed nor ground decreased by -0.3% to 9.9K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, imports reached the peak of 10K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground contracted dramatically to $15M in 2022. Over the period under review, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 57%. As a result, imports reached the peak of $22M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 9.2 | 9.6 | 6.1 | -3.6% |
| Peru | 3.1 | 5.6 | 4.8 | 4.3 | 11.5% |
| Brazil | 0.8 | 1.2 | 2.0 | 1.7 | 28.6% |
| Netherlands | 1.1 | 3.4 | 2.1 | 1.5 | 10.9% |
| Nigeria | 0.5 | 0.3 | 0.6 | 0.2 | -26.3% |
| Others | 1.5 | 2.0 | 1.6 | 1.0 | -12.6% |
| Total | 13.9 | 21.7 | 20.8 | 14.9 | 2.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Spain in 2022:
- China (4.4K tons)
- Peru (2.7K tons)
- Brazil (1.3K tons)
- Netherlands (0.9K tons)
- Nigeria (0.1K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Spain
In 2022, the amount of spices; ginger, neither crushed nor ground exported from Spain expanded to 4K tons, growing by 3.5% on the previous year. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of 4.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground contracted dramatically to $9.5M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 43%. As a result, the exports attained the peak of $12M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.8 | 1.7 | 2.4 | 2.3 | 8.5% |
| France | 2.1 | 3.7 | 2.9 | 2.0 | -1.6% |
| Portugal | 0.9 | 1.8 | 1.6 | 1.4 | 15.9% |
| Germany | 1.0 | 1.4 | 1.0 | 1.1 | 3.2% |
| Morocco | 0.6 | 0.6 | 0.6 | 0.8 | 10.1% |
| Italy | 0.6 | 0.8 | 0.6 | 0.6 | 0.0% |
| United States | N/A | N/A | 0.3 | 0.3 | 0.0% |
| United Kingdom | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| Others | 1.1 | 1.7 | 1.5 | 1.0 | -3.1% |
| Total | 8.5 | 12.1 | 11.3 | 9.5 | 3.8% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Spain in 2022:
- France (802.3 tons)
- Netherlands (736.4 tons)
- Portugal (643.3 tons)
- Morocco (528.1 tons)
- Germany (444.0 tons)
- Italy (299.5 tons)
- United States (109.3 tons)
- United Kingdom (41.7 tons)
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