Price for Spices; Ginger, Neither Crushed Nor Ground in Switzerland - 2024
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Switzerland (CIF) - 2024
- Price for Spices; Ginger, Neither Crushed Nor Ground in Switzerland (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Switzerland
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Switzerland
Price for Spices; Ginger, Neither Crushed Nor Ground in Switzerland (CIF) - 2024
In January 2024, the average import price for spices; ginger, neither crushed nor ground amounted to $4,468 per ton, falling by -4.6% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 25% month-to-month. Over the period under review, average import prices reached the peak figure at $4,685 per ton in December 2023, and then shrank in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($4,663 per ton), while the price for Spain ($3,070 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Spain (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Switzerland (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,991 per ton in 2022, which is down by -35% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 387% against the previous year. The export price peaked at $17,055 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Germany ($11,333 per ton), while the average price for exports to the Netherlands totaled $1,984 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Switzerland
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -7.7% to 2.3K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of 2.9K 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 declined notably to $6.4M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -35.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 91%. As a result, imports reached the peak of $9.9M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.3 | 5.5 | 4.5 | 3.2 | -1.0% |
| Peru | 1.3 | 3.5 | 3.4 | 2.4 | 22.7% |
| Brazil | 0.1 | 0.3 | 0.1 | 0.4 | 58.7% |
| Netherlands | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Others | 0.3 | 0.5 | 0.3 | 0.2 | -12.6% |
| Total | 5.2 | 9.9 | 8.4 | 6.4 | 7.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Switzerland in 2022:
- China (1324.8 tons)
- Peru (746.4 tons)
- Brazil (152.3 tons)
- Netherlands (28.9 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Switzerland
In 2022, approx. 12 tons of spices; ginger, neither crushed nor ground were exported from Switzerland; growing by 66% compared with 2021 figures. In general, exports, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 with an increase of 76% against the previous year. As a result, the exports attained the peak of 23 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 totaled $24K in 2022. Over the period under review, exports, however, showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, the exports reached the peak of $59K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 35.7 | 44.5 | 21.8 | 23.6 | -12.9% |
| Germany | 14.6 | 0.1 | 0.2 | 0.1 | -81.0% |
| Spain | N/A | 7.2 | N/A | N/A | 0% |
| Italy | N/A | 6.1 | N/A | N/A | 0% |
| Others | N/A | 1.2 | N/A | N/A | 0% |
| Total | 50.3 | 59.1 | 22.0 | 23.7 | -22.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Switzerland in 2022:
- Netherlands (11.9 tons)
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