Price for Spices; Ginger, Crushed or Ground in Brazil - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Brazil (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Brazil (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Brazil
- Exports of Spices; Ginger, Crushed or Ground in Brazil
Price for Spices; Ginger, Crushed or Ground in Brazil (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $3,494 per ton in 2022, shrinking by -25% against the previous year. Overall, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. As a result, import price attained the peak level of $6,244 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 India ($9,040 per ton), while the price for Peru ($1,633 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Brazil (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $8,431 per ton in 2022, which is down by -15.9% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 86% against the previous year. The export price peaked at $22,286 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($16,221 per ton), while the average price for exports to Belgium ($3,777 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 Belgium (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Brazil
Spices; ginger, crushed or ground imports into Brazil surged to 219 tons in 2022, picking up by 50% against the previous year's figure. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 53% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports stood at $765K in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 73%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Spices; Ginger, Crushed or Ground in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 116 | 133 | 65.4 | 276 | 33.5% |
Peru | 30.6 | 95.0 | 324 | 267 | 105.9% |
Vietnam | 9.9 | 37.2 | 16.9 | 13.6 | 11.2% |
India | 28.4 | 16.2 | 8.0 | 12.3 | -24.3% |
Nigeria | 13.4 | 11.6 | 4.7 | N/A | -40.8% |
Germany | 29.3 | 25.7 | N/A | N/A | -12.3% |
Others | 93.5 | 238 | 261 | 196 | 28.0% |
Total | 321 | 556 | 679 | 765 | 33.6% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Brazil in 2022:
- Peru (163.4 tons)
- China (46.3 tons)
- Vietnam (4.0 tons)
- India (1.4 tons)
Exports of Spices; Ginger, Crushed or Ground in Brazil
For the fourth consecutive year, Brazil recorded growth in shipments abroad of spices; ginger, crushed or ground, which increased by 240% to 30 tons in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 744%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, spices; ginger, crushed or ground exports surged to $253K in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 989% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Spices; Ginger, Crushed or Ground in Brazil (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | 2.5 | 52.0 | 167 | 717.3% |
Belgium | N/A | N/A | N/A | 27.2 | 0% |
Argentina | N/A | 3.7 | 32.7 | 26.1 | 165.6% |
Germany | N/A | N/A | N/A | 20.5 | 0% |
Others | 2.7 | 1.9 | 3.8 | 12.3 | 65.8% |
Total | 2.7 | 8.1 | 88.5 | 253 | 354.2% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Brazil in 2022:
- United States (17.6 tons)
- Belgium (7.2 tons)
- Argentina (1.9 tons)
- Germany (1.9 tons)
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As of July 2023, the price of Ginger was $2,223 per ton (FOB, Brazil), representing a 21% increase compared to the previous month.
The imports of Olive Oil reached a peak of 91K tons in 2020, but failed to regain momentum from 2021 to 2023. In terms of value, the imports of Olive Oil surged to $517M in 2023.
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