Price for Spices; Ginger, Crushed or Ground in Argentina - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Argentina (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Argentina (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Argentina
- Exports of Spices; Ginger, Crushed or Ground in Argentina
Price for Spices; Ginger, Crushed or Ground in Argentina (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $2,875 per ton, stabilizing at the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45%. As a result, import price attained the peak level of $4,113 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($8,010 per ton), while the price for India ($1,231 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 States (+8.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Argentina (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $7,478 per ton, falling by -3% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of 38%. The export price peaked at $12,917 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($7,485 per ton), while the average price for exports to the Netherlands amounted to $6,905 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.4%).
Imports of Spices; Ginger, Crushed or Ground in Argentina
In 2022, supplies from abroad of spices; ginger, crushed or ground decreased by -8.5% to 117 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +22.6% 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 increased by +84.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 61%.
In value terms, spices; ginger, crushed or ground imports shrank to $335K in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 74%.
| Import of Spices; Ginger, Crushed or Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.1 | 86.3 | 178 | 170 | 94.5% |
| Brazil | 5.7 | 8.6 | 47.7 | 36.0 | 84.8% |
| Germany | 16.5 | 25.4 | 20.6 | 20.3 | 7.2% |
| Nigeria | 21.0 | 45.4 | 7.3 | 14.8 | -11.0% |
| India | 39.9 | 12.1 | 15.3 | 14.5 | -28.6% |
| United States | 26.9 | 11.7 | 5.0 | 8.4 | -32.2% |
| Spain | N/A | 34.1 | 21.1 | N/A | -38.1% |
| Others | 2.8 | 12.5 | 68.4 | 71.5 | 194.5% |
| Total | 136 | 236 | 364 | 335 | 35.1% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Argentina in 2022:
- China (71.3 tons)
- India (11.8 tons)
- Brazil (4.5 tons)
- Nigeria (4.0 tons)
- Germany (3.5 tons)
- United States (1.2 tons)
Exports of Spices; Ginger, Crushed or Ground in Argentina
In 2022, exports of spices; ginger, crushed or ground from Argentina surged to 1.1 tons, growing by 57% against 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.
In value terms, spices; ginger, crushed or ground exports soared to $7.9K in 2022. In general, exports, however, recorded a noticeable shrinkage.
| Export of Spices; Ginger, Crushed or Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 7.0 | 7.4 | 5.1 | 7.9 | 4.1% |
| Netherlands | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Uruguay | 1.7 | N/A | N/A | N/A | 0% |
| Brazil | N/A | 3.1 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.9 | 10.7 | 5.2 | 7.9 | -3.9% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Argentina in 2022:
- Bolivia (1053.0 kg)
- Netherlands (9.0 kg)
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