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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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.