Spices; Mixtures Price in Colombia - 2022
Contents:
- Spices; Mixtures Price in Colombia (CIF) - 2022
- Spices; Mixtures Price in Colombia (FOB) - 2022
- Spices; Mixtures Imports in Colombia
- Spices; Mixtures Exports in Colombia
Spices; Mixtures Price in Colombia (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $7,565 per ton, with an increase of 5.9% against the previous year. Overall, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $9,306 per ton in 2013; however, from 2014 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 Switzerland ($16,686 per ton), while the price for India ($1,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.2%), while the prices for the other major suppliers experienced a decline.
Spices; Mixtures Price in Colombia (FOB) - 2022
The average spices; mixtures export price stood at $3,958 per ton in 2022, growing by 2% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 2.2%. The export price peaked at $13,155 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,214 per ton), while the average price for exports to Saudi Arabia ($628 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 the United States (-6.0%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Imports in Colombia
In 2022, purchases abroad of spices; mixtureses decreased by -17.2% to 25 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 125%.
In value terms, spices; mixtures imports reduced to $192K in 2022. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%.
Import of Spices; Mixtures in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 10.7 | 48.1 | 86.4 | 82.4 | 97.5% |
United States | 32.4 | 27.4 | 21.2 | 14.3 | -23.9% |
Germany | 4.3 | 8.3 | 8.6 | 10.0 | 32.5% |
Switzerland | 8.5 | 6.6 | 12.7 | 9.4 | 3.4% |
Poland | 2.6 | 6.0 | 7.1 | 8.8 | 50.1% |
Thailand | 4.4 | 2.4 | 5.7 | 5.5 | 7.7% |
China | 0.2 | 0.4 | 2.8 | 2.9 | 143.8% |
India | 0.3 | 2.3 | 1.1 | 1.1 | 54.2% |
Lebanon | 1.2 | 1.7 | 0.7 | 1.1 | -2.9% |
South Africa | N/A | 30.4 | N/A | 0.2 | -91.9% |
Others | 23.3 | 31.7 | 72.9 | 56.6 | 34.4% |
Total | 87.9 | 165 | 219 | 192 | 29.7% |
Top Suppliers of Spices; Mixtures to Colombia in 2022:
- United Kingdom (7.4 tons)
- United States (1.7 tons)
- China (1.0 tons)
- Germany (0.9 tons)
- India (0.8 tons)
- Lebanon (0.8 tons)
- Switzerland (0.6 tons)
- Thailand (0.4 tons)
- Poland (0.3 tons)
- South Africa (0.1 tons)
Spices; Mixtures Exports in Colombia
In 2022, spices; mixtures exports from Colombia contracted to 180 tons, falling by -2.6% on the year before. Over the period under review, exports saw a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%.
In value terms, spices; mixtures exports reduced slightly to $713K in 2022. Overall, exports recorded a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 1.3%.
Export of Spices; Mixtures in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 579 | 491 | 574 | 602 | 1.3% |
United States | 103 | 144 | 104 | 80.4 | -7.9% |
Saudi Arabia | 24.9 | 23.5 | 23.0 | 19.7 | -7.5% |
Others | 42.4 | 50.5 | 16.8 | 10.4 | -37.4% |
Total | 749 | 708 | 717 | 713 | -1.6% |
Top Export Markets for Spices; Mixtures from Colombia in 2022:
- Canada (134.5 tons)
- Saudi Arabia (31.4 tons)
- United States (12.9 tons)
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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.
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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.