Price for Spices; Ginger, Crushed or Ground in Kuwait - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Kuwait (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Kuwait (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Kuwait
- Exports of Spices; Ginger, Crushed or Ground in Kuwait
Price for Spices; Ginger, Crushed or Ground in Kuwait (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $2,330 per ton in 2022, falling by -15.4% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2021 an increase of 27%. The import price peaked at $4,290 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Jordan ($4,588 per ton), while the price for Fiji ($1,036 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Kuwait (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $5,631 per ton in 2022, dropping by -29.5% against the previous year. In general, the export price, however, posted modest growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 202% against the previous year. Over the period under review, the average export prices hit record highs at $12,400 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,734 per ton), while the average price for exports to Oman stood at $5,525 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+195.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Crushed or Ground in Kuwait
Spices; ginger, crushed or ground imports into Kuwait soared to 93 tons in 2022, rising by 52% on 2021 figures. Over the period under review, imports, however, continue to indicate a pronounced setback.
In value terms, spices; ginger, crushed or ground imports soared to $217K in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -18.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports attained the peak of $266K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Spices; Ginger, Crushed or Ground in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 59.1 | 123 | 72.0 | 83.3 | 12.1% |
China | 46.0 | 53.9 | 41.4 | 47.5 | 1.1% |
Pakistan | 6.7 | 14.8 | 13.8 | 15.8 | 33.1% |
Jordan | 10.5 | 24.1 | 1.7 | 11.5 | 3.1% |
Peru | 2.7 | 5.8 | 8.5 | 9.8 | 53.7% |
United States | 7.4 | 8.9 | 7.1 | 8.1 | 3.1% |
United Arab Emirates | 18.2 | 4.6 | 0.7 | 7.8 | -24.6% |
Nigeria | 16.9 | 5.8 | 1.0 | 7.8 | -22.7% |
Lebanon | 1.8 | 3.2 | 5.9 | 6.7 | 55.0% |
Germany | 2.1 | 3.8 | 3.0 | 3.4 | 17.4% |
Myanmar | 4.9 | 4.6 | 2.8 | 2.6 | -19.0% |
Fiji | 1.3 | 1.6 | 1.2 | 1.5 | 4.9% |
Others | 12.8 | 11.8 | 10.0 | 11.5 | -3.5% |
Total | 190 | 266 | 169 | 217 | 4.5% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Kuwait in 2022:
- India (33.9 tons)
- China (31.4 tons)
- Pakistan (4.6 tons)
- Lebanon (3.6 tons)
- Peru (3.3 tons)
- Nigeria (3.3 tons)
- Jordan (2.5 tons)
- United Arab Emirates (2.0 tons)
- United States (1.8 tons)
- Germany (1.7 tons)
- Myanmar (1.4 tons)
- Fiji (1.4 tons)
Exports of Spices; Ginger, Crushed or Ground in Kuwait
Spices; ginger, crushed or ground exports from Kuwait surged to 3.1 tons in 2022, picking up by 33% on the year before. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 536% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, spices; ginger, crushed or ground exports reduced to $18K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 371% against the previous year.
Export of Spices; Ginger, Crushed or Ground in Kuwait (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 0.5 | 10.7 | 7.7 | 12.9 | 195.5% |
Oman | 2.9 | 4.7 | 2.6 | 4.3 | 14.0% |
United Arab Emirates | N/A | 0.6 | 0.5 | N/A | -16.7% |
Saudi Arabia | N/A | N/A | 7.8 | N/A | 0% |
Others | N/A | 0.3 | 0.1 | 0.3 | 0.0% |
Total | 3.5 | 16.3 | 18.7 | 17.5 | 71.0% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Kuwait in 2022:
- Qatar (2.2 tons)
- Oman (0.8 tons)
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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.