Price for Spices; Ginger, Neither Crushed Nor Ground in Sudan - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Sudan (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Sudan (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Sudan
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Sudan
Price for Spices; Ginger, Neither Crushed Nor Ground in Sudan (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,432 per ton in 2022, rising by 6.8% against the previous year. Over the period under review, the import price posted a resilient increase. The growth pace was the most rapid in 2014 when the average import price increased by 48% against the previous year. The import price peaked at $1,700 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($2,111 per ton), while the price for Nigeria ($1,325 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Sudan (FOB) - 2022
In 2021, the average export price for spices; ginger, neither crushed nor ground amounted to $4,157 per ton, approximately equating the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 68% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2015 to 2021, the rate of growth in terms of prices for Oman amounted to 0.0% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Sudan
In 2022, approx. 6.3K tons of spices; ginger, neither crushed nor ground were imported into Sudan; rising by 49% against 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of spices; ginger, neither crushed nor ground surged to $9.1M in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 121% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Spices; Ginger, Neither Crushed Nor Ground in Sudan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 1.1 | 1.1 | 3.0 | 5.8 | 74.1% |
United Arab Emirates | 0.5 | 2.1 | 2.4 | 2.9 | 79.7% |
Saudi Arabia | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
China | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 1.6 | 3.6 | 5.7 | 9.1 | 78.5% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Sudan in 2022:
- Nigeria (4.4K tons)
- United Arab Emirates (1.7K tons)
- Saudi Arabia (0.1K tons)
- China (0.1K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Sudan
In 2021, approx. 140 kg of spices; ginger, neither crushed nor ground were exported from Sudan; approximately mirroring 2020 figures. Over the period under review, exports continue to indicate a abrupt contraction. The smallest decline of 99.9% was in 2020.
In value terms, exports of spices; ginger, neither crushed nor ground totaled $582 in 2021. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the immediate term.
Export of Spices; Ginger, Neither Crushed Nor Ground in Sudan (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Canada | N/A | N/A | 582 | 0% | |
Netherlands | 125 | N/A | N/A | 0% | |
France | 58.0 | N/A | N/A | 0% | |
Others | N/A | N/A | N/A | 0% | |
Total | 183 | N/A | 582 | 78.3% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Sudan in 2022:
- Canada (140.0 kg)
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The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.