Price for Spices; Ginger, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in New Zealand
- Exports of Spices; Ginger, Crushed or Ground in New Zealand
Price for Spices; Ginger, Crushed or Ground in New Zealand (CIF) - 2022
The average import price for spices; ginger, crushed or ground stood at $3,430 per ton in 2022, shrinking by -12.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 60% against the previous year. The import price peaked at $5,921 per ton in 2016; however, from 2017 to 2022, import prices stood 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 Australia ($9,374 per ton), while the price for Fiji ($1,976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in New Zealand (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $5,821 per ton in 2022, picking up by 3% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; ginger, crushed or ground export price increased by +10.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63%. As a result, the export price attained the peak level of $6,943 per ton. From 2018 to 2022, the average 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 New Caledonia ($16,343 per ton), while the average price for exports to Australia ($4,071 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 New Caledonia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in New Zealand
In 2022, the amount of spices; ginger, crushed or ground imported into New Zealand totaled 328 tons, surging by 9.5% on the previous year's figure. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 52%. As a result, imports reached the peak of 358 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports declined modestly to $1.1M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 -6.9% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 76%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Ginger, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 325 | 633 | 379 | 483 | 14.1% |
| India | 200 | 266 | 405 | 314 | 16.2% |
| Australia | 128 | 138 | 205 | 155 | 6.6% |
| Germany | 5.9 | 88.7 | 74.9 | 65.2 | 122.7% |
| Fiji | N/A | 51.0 | 74.6 | 57.8 | 6.5% |
| Others | 27.4 | 30.7 | 29.2 | 49.9 | 22.1% |
| Total | 686 | 1,207 | 1,167 | 1,124 | 17.9% |
Top Suppliers of Spices; Ginger, Crushed or Ground to New Zealand in 2022:
- China (170.0 tons)
- India (90.6 tons)
- Fiji (29.3 tons)
- Australia (16.5 tons)
- Germany (14.2 tons)
Exports of Spices; Ginger, Crushed or Ground in New Zealand
In 2022, the amount of spices; ginger, crushed or ground exported from New Zealand shrank rapidly to 4 tons, declining by -33.5% compared with 2021. Overall, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 6 tons, and then shrank notably in the following year.
In value terms, spices; ginger, crushed or ground exports dropped notably to $23K in 2022. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $34K, and then declined sharply in the following year.
| Export of Spices; Ginger, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | 12.2 | 15.0 | 3.3 | 6.9 | -17.3% |
| Cook Islands | 4.7 | 3.1 | 5.0 | 5.3 | 4.1% |
| New Caledonia | 0.1 | 0.4 | 0.4 | 3.5 | 227.1% |
| Fiji | 6.6 | 3.3 | 7.0 | 3.4 | -19.8% |
| Australia | 2.3 | 2.4 | 11.2 | 1.8 | -7.8% |
| Tonga | 3.7 | N/A | 0.7 | 0.7 | -42.6% |
| Solomon Islands | N/A | 0.4 | 0.8 | 0.5 | 11.8% |
| Others | 1.4 | 2.9 | 5.2 | 0.9 | -13.7% |
| Total | 31.0 | 27.6 | 33.7 | 23.1 | -9.3% |
Top Export Markets for Spices; Ginger, Crushed or Ground from New Zealand in 2022:
- French Polynesia (1148.0 kg)
- Cook Islands (1091.0 kg)
- Fiji (741.0 kg)
- Australia (442.0 kg)
- New Caledonia (213.0 kg)
- Tonga (102.0 kg)
- Solomon Islands (87.0 kg)
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