Price for Spices; Ginger, Crushed or Ground in Chile - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Chile (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Chile (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Chile
- Exports of Spices; Ginger, Crushed or Ground in Chile
Price for Spices; Ginger, Crushed or Ground in Chile (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $3,329 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 63%. As a result, import price attained the peak level of $4,377 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($8,321 per ton), while the price for Peru ($1,254 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Chile (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $11,532 per ton, rising by 334% against the previous year. In general, the export price, however, showed a abrupt descent. The export price peaked at $20,610 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +0.0% per year.
Imports of Spices; Ginger, Crushed or Ground in Chile
In 2022, overseas purchases of spices; ginger, crushed or ground decreased by -26.6% to 35 tons, falling for the second consecutive year after two years of growth. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 405% against the previous year. As a result, imports reached the peak of 59 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports dropped remarkably to $115K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 276%. As a result, imports reached the peak of $193K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 48.6 | 34.9 | 32.7 | 52.6% |
| Peru | 1.8 | 5.9 | 8.6 | 14.5 | 100.5% |
| India | 4.7 | 24.2 | 13.9 | 8.3 | 20.9% |
| Germany | 26.3 | 84.4 | 41.6 | 5.2 | -41.7% |
| Thailand | 4.1 | 4.4 | 7.3 | N/A | 33.4% |
| Others | 5.2 | 25.2 | 51.5 | 54.4 | 118.7% |
| Total | 51.3 | 193 | 158 | 115 | 30.9% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Chile in 2022:
- China (11.6 tons)
- Peru (11.6 tons)
- India (5.3 tons)
- Germany (0.6 tons)
Exports of Spices; Ginger, Crushed or Ground in Chile
In 2022, the amount of spices; ginger, crushed or ground exported from Chile contracted markedly to 14 kg, waning by -99.6% on the year before. Overall, exports showed a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 353% against the previous year. As a result, the exports reached the peak of 3.2 tons, and then dropped dramatically in the following year.
In value terms, spices; ginger, crushed or ground exports contracted sharply to $165 in 2022. In general, exports faced a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 177%. As a result, the exports reached the peak of $8.4K, and then shrank rapidly in the following year.
| Export of Spices; Ginger, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 1.9 | 1.0 | 1.3 | 0.2 | -52.8% |
| Peru | 2.3 | 1.5 | 6.7 | N/A | 70.7% |
| Germany | 2.4 | 0.6 | 0.4 | N/A | -59.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.6 | 3.1 | 8.4 | 0.2 | -68.8% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Chile in 2022:
- Bolivia (14.0 kg)
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