Price for Spices; Ginger, Crushed or Ground in Jordan - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Jordan (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Jordan (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Jordan
- Exports of Spices; Ginger, Crushed or Ground in Jordan
Price for Spices; Ginger, Crushed or Ground in Jordan (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $4,129 per ton, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 94% against the previous year. As a result, import price attained the peak level of $4,713 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($4,131 per ton) and China ($4,130 per ton), while the price for Germany ($4,129 per ton) and Saudi Arabia ($4,129 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Jordan (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $5,000 per ton, standing approx. at the previous year. Over the period under review, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 95%. As a result, the export price reached the peak level of $5,510 per ton. From 2021 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 Saudi Arabia ($23,042 per ton), while the average price for exports to Free Zones ($2,951 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 Qatar (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Jordan
In 2022, imports of spices; ginger, crushed or ground into Jordan skyrocketed to 14 tons, increasing by 35% against 2021 figures. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 151%. As a result, imports reached the peak of 20 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports soared to $59K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 103% against the previous year. As a result, imports reached the peak of $65K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.8 | 6.8 | 17.8 | 39.9 | 90.2% |
| Saudi Arabia | 1.5 | 5.9 | 3.2 | 14.6 | 113.5% |
| China | 14.2 | 11.5 | 5.6 | 2.7 | -42.5% |
| Netherlands | N/A | N/A | N/A | 1.8 | 0% |
| Peru | N/A | 4.4 | N/A | N/A | 0% |
| India | 1.4 | 12.6 | 6.5 | N/A | 115.5% |
| United Arab Emirates | 3.5 | 7.3 | 1.0 | N/A | -46.5% |
| Others | 5.9 | 16.9 | 9.2 | N/A | 24.9% |
| Total | 32.3 | 65.4 | 43.2 | 59.0 | 22.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Jordan in 2022:
- Germany (9.7 tons)
- Saudi Arabia (3.5 tons)
- China (0.7 tons)
- Netherlands (0.4 tons)
Exports of Spices; Ginger, Crushed or Ground in Jordan
In 2022, exports of spices; ginger, crushed or ground from Jordan surged to 54 tons, increasing by 25% on the previous year's figure. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 190%. As a result, the exports reached the peak of 71 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; ginger, crushed or ground exports soared to $272K in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 466%. As a result, the exports attained the peak of $393K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Ginger, Crushed or Ground in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 54.5 | 154 | 116 | 122 | 30.8% |
| Egypt | 3.4 | 78.5 | 3.7 | 54.1 | 151.5% |
| Saudi Arabia | 0.7 | 24.0 | 37.2 | 42.4 | 292.7% |
| Qatar | 4.8 | 105 | 42.6 | 40.6 | 103.7% |
| Others | 5.9 | 30.6 | 16.4 | 12.8 | 29.5% |
| Total | 69.4 | 393 | 216 | 272 | 57.7% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Jordan in 2022:
- Free Zones (41.5 tons)
- Egypt (7.6 tons)
- Qatar (2.7 tons)
- Saudi Arabia (1.8 tons)
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