Price for Spices; Ginger, Crushed or Ground in Iran - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Iran (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Iran (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Iran
- Exports of Spices; Ginger, Crushed or Ground in Iran
Price for Spices; Ginger, Crushed or Ground in Iran (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $1,584 per ton, leveling off at the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2019 an increase of 59% against the previous year. As a result, import price attained the peak level of $2,576 per ton. From 2020 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 Turkey ($2,523 per ton), while the price for the United Arab Emirates ($1,139 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Ginger, Crushed or Ground in Iran (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $1,415 per ton, dropping by -60.7% against the previous year. In general, the export price faced a deep slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 110%. As a result, the export price attained the peak level of $10,205 per ton. From 2020 to 2022, the average 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 Canada ($10,800 per ton), while the average price for exports to Kazakhstan ($813 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 Oman (+104.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Iran
For the fourth year in a row, Iran recorded growth in purchases abroad of spices; ginger, crushed or ground, which increased by 76% to 65 tons in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 133%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; ginger, crushed or ground imports surged to $103K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 128%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Spices; Ginger, Crushed or Ground in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.4 | 45.2 | 9.8 | 44.0 | 90.1% |
| Thailand | 9.5 | 23.2 | 24.2 | 41.9 | 64.0% |
| Turkey | N/A | N/A | N/A | 15.8 | 0% |
| United Arab Emirates | 0.4 | 1.0 | 1.2 | 1.3 | 48.1% |
| China | 14.1 | N/A | 23.3 | N/A | 28.5% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 30.4 | 69.4 | 58.5 | 103 | 50.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Iran in 2022:
- Thailand (36.2 tons)
- India (21.5 tons)
- Turkey (6.2 tons)
- United Arab Emirates (1.2 tons)
Exports of Spices; Ginger, Crushed or Ground in Iran
Spices; ginger, crushed or ground exports from Iran soared to 7.5 tons in 2022, increasing by 162% against 2021 figures. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,691%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; ginger, crushed or ground exports rose to $11K in 2022. Over the period under review, exports, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1,152%.
| Export of Spices; Ginger, Crushed or Ground in Iran (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | 2.2 | 0.1 | 1.0 | 0.8 | -28.6% |
| Kuwait | 5.6 | N/A | 1.3 | 0.2 | -67.1% |
| Canada | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Netherlands | N/A | N/A | 2.1 | 0.1 | -95.2% |
| Iraq | 0.7 | N/A | 0.1 | N/A | -62.2% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Germany | 0.2 | N/A | 2.0 | N/A | 216.2% |
| Kazakhstan | N/A | N/A | N/A | N/A | 0% |
| United Arab Emirates | 8.9 | N/A | N/A | N/A | 0% |
| Australia | 7.2 | N/A | 3.1 | N/A | -34.4% |
| Pakistan | N/A | 0.6 | N/A | N/A | 0% |
| Others | 1.1 | 0.1 | 0.5 | 9.3 | 103.7% |
| Total | 26.2 | 0.8 | 10.3 | 10.5 | -26.3% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Iran in 2022:
- Azerbaijan (163.0 kg)
- Netherlands (41.0 kg)
- Kuwait (33.0 kg)
- Iraq (16.0 kg)
- Kazakhstan (16.0 kg)
- Thailand (11.0 kg)
- Canada (5.0 kg)
693
This report provides an in-depth analysis of the ginger market in Iran.
95
This report provides an in-depth analysis of the market for spices except pepper or ginger in Iran.
362
This report provides an in-depth analysis of the olive oil market in Iran.
589
This report provides an in-depth analysis of the paint and varnish market in Iran.
1118
This report provides an in-depth analysis of the virgin olive oil market in Iran.
475
This report provides an in-depth analysis of the market for dog and cat food in Iran.
613
This report provides an in-depth analysis of the apricot market in Iran.
302
This report provides an in-depth analysis of the market for urea and thiourea resins in Iran.
308
This report provides an in-depth analysis of the encased lead pencil market in Iran.
344
This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Iran.
1297
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).
1137
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.
823
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
8008
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8695
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1419
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>
8019
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
12180
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
1716
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.
3502
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
