Price for Spices; Ginger, Neither Crushed Nor Ground in the UK - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in the UK (CIF) - 2023
- Price for Spices; Ginger, Neither Crushed Nor Ground in the UK (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in the UK
- Exports of Spices; Ginger, Neither Crushed Nor Ground in the UK
Price for Spices; Ginger, Neither Crushed Nor Ground in the UK (CIF) - 2023
The average import price for spices; ginger, neither crushed nor ground stood at $2,679 per ton in December 2023, declining by -4.8% against the previous month. In general, import price indicated perceptible growth from December 2022 to December 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for spices; ginger, neither crushed nor ground decreased by -4.8% against November 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 27% m-o-m. Over the period under review, average import prices reached the peak figure at $3,006 per ton in May 2023; however, from June 2023 to December 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was China ($2,698 per ton), while the price for Peru ($2,612 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in the UK (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,590 per ton, dropping by -29.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. The export price peaked at $3,670 per ton in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,396 per ton), while the average price for exports to the Netherlands ($2,259 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 Poland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in the UK
In 2022, imports of spices; ginger, neither crushed nor ground into the UK expanded to 25K tons, picking up by 2.4% compared with 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 10%. 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 dropped remarkably to $38M in 2022. In general, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.8 | 35.3 | 40.5 | 29.0 | 5.4% |
| Peru | 0.1 | 1.6 | 2.3 | 3.7 | 233.2% |
| Brazil | 1.0 | 2.5 | 2.6 | 2.1 | 28.1% |
| Nigeria | 0.7 | 0.3 | 0.2 | 1.4 | 26.0% |
| Netherlands | 1.4 | 1.8 | 1.3 | 0.3 | -40.2% |
| Others | 6.3 | 8.7 | 4.3 | 1.8 | -34.1% |
| Total | 34.3 | 50.3 | 51.3 | 38.3 | 3.7% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to the UK in 2022:
- China (19.8K tons)
- Peru (2.3K tons)
- Brazil (1.5K tons)
- Nigeria (0.5K tons)
- Netherlands (0.1K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in the UK
In 2022, exports of spices; ginger, neither crushed nor ground from the UK totaled 528 tons, with an increase of 7.7% compared with the year before. Overall, exports, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. As a result, the exports attained the peak of 668 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground reduced markedly to $1.4M in 2022. Over the period under review, total exports indicated modest growth from 2019 to 2022: its value increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $1.9M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.4 | 404 | 310 | 569 | 162.7% |
| Ireland | 564 | 837 | 828 | 441 | -7.9% |
| Ghana | 189 | 185 | 302 | 200 | 1.9% |
| United States | 146 | 61.0 | 188 | 81.7 | -17.6% |
| Qatar | N/A | N/A | N/A | 34.0 | 0% |
| France | 137 | 3.9 | 41.0 | 3.1 | -71.7% |
| China | N/A | 76.5 | N/A | 1.4 | -86.5% |
| Belgium | 50.8 | 9.2 | N/A | N/A | -81.9% |
| Others | 201 | 309 | 127 | 36.7 | -43.3% |
| Total | 1,319 | 1,885 | 1,797 | 1,366 | 1.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from the UK in 2022:
- Netherlands (251.6 tons)
- Ireland (154.6 tons)
- Ghana (41.3 tons)
- United States (12.8 tons)
- Qatar (8.8 tons)
- France (1.1 tons)
- China (0.2 tons)
1099
This report provides an in-depth analysis of the ginger market in the UK.
43
This report provides an in-depth analysis of the market for spices except pepper or ginger in the UK.
409
This report provides an in-depth analysis of the market for dog and cat food in the UK.
702
This report provides an in-depth analysis of the apricot market in the UK.
1465
This report provides an in-depth analysis of the virgin olive oil market in the UK.
633
This report provides an in-depth analysis of the paint and varnish market in the UK.
329
This report provides an in-depth analysis of the olive oil market in the UK.
377
This report provides an in-depth analysis of the encased lead pencil market in the UK.
237
This report provides an in-depth analysis of the assembled clock movements market in the UK.
360
This report provides an in-depth analysis of the diphosphorus pentaoxide market in the UK.
415
In March 2023, the dog and cat food price amounted to $2,353 per ton (CIF, United Kingdom), waning by -4.9% against the previous month.
332
In December 2022, the paint and varnish price jumped 17% to $5,571 per ton (FOB, United Kingdom) compared to the previous month.
918
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).
1024
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.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7507
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8590
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
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>
7888
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
11870
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
