Price for Spices; Ginger, Crushed or Ground in Norway - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Norway (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Norway
- Exports of Spices; Ginger, Crushed or Ground in Norway
Price for Spices; Ginger, Crushed or Ground in Norway (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $6,573 per ton, with an increase of 4.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 32% against the previous year. As a result, import price reached the peak level of $10,199 per ton. From 2015 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 ($9,969 per ton), while the price for Belgium ($3,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Norway (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $30,687 per ton, rising by 27% against the previous year. Overall, the export price enjoyed a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($62,901 per ton), while the average price for exports to Sweden totaled $30,154 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+16.3%).
Imports of Spices; Ginger, Crushed or Ground in Norway
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; ginger, crushed or ground, when their volume decreased by -27.5% to 43 tons. Over the period under review, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year.
In value terms, spices; ginger, crushed or ground imports contracted dramatically to $284K in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of $401K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 82.1 | 97.5 | 133 | 80.7 | -0.6% |
| Nigeria | 42.2 | 57.4 | 64.1 | 74.0 | 20.6% |
| China | 68.9 | 88.2 | 91.5 | 57.1 | -6.1% |
| Netherlands | 0.1 | 2.3 | 10.4 | 16.5 | 448.5% |
| Belgium | 7.9 | 7.5 | 5.8 | 9.4 | 6.0% |
| United States | 14.6 | 41.3 | 7.3 | 6.5 | -23.6% |
| Germany | 7.8 | 4.9 | 17.6 | 4.7 | -15.5% |
| Thailand | 44.1 | 63.0 | 2.6 | 1.9 | -64.9% |
| Others | 17.3 | 39.0 | 41.2 | 33.0 | 24.0% |
| Total | 285 | 401 | 373 | 284 | -0.1% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Norway in 2022:
- India (14.1 tons)
- Nigeria (12.6 tons)
- China (6.4 tons)
- Netherlands (3.2 tons)
- Belgium (2.9 tons)
- Germany (0.5 tons)
- United States (0.4 tons)
- Thailand (0.2 tons)
Exports of Spices; Ginger, Crushed or Ground in Norway
After two years of growth, shipments abroad of spices; ginger, crushed or ground decreased by -60.8% to 676 kg in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 305% against the previous year. As a result, the exports attained the peak of 1.7 tons, and then contracted notably in the following year.
In value terms, spices; ginger, crushed or ground exports dropped sharply to $21K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 230%. As a result, the exports reached the peak of $42K, and then contracted dramatically in the following year.
| Export of Spices; Ginger, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Sweden | 12.1 | 20.9 | 20.1 | 28.9% | |
| Spain | N/A | N/A | 0.7 | 0% | |
| Luxembourg | 0.6 | 4.3 | N/A | 616.7% | |
| Netherlands | N/A | 16.7 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 12.7 | 41.8 | 20.7 | 27.7% | |
Top Export Markets for Spices; Ginger, Crushed or Ground from Norway in 2022:
- Sweden (665.0 kg)
- Spain (11.0 kg)
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