Price for Spices; Ginger, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Portugal
- Exports of Spices; Ginger, Crushed or Ground in Portugal
Price for Spices; Ginger, Crushed or Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $7,898 per ton, growing by 16% against the previous year. In general, the import price, however, showed a noticeable setback. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $11,862 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 France ($15,770 per ton), while the price for the Netherlands ($4,454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Portugal (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $11,048 per ton, increasing by 4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 34% against the previous year. As a result, the export price attained the peak level of $15,794 per ton. From 2014 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 Spain ($15,413 per ton), while the average price for exports to Cabo Verde ($4,913 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 Spain (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Crushed or Ground in Portugal
In 2022, overseas purchases of spices; ginger, crushed or ground decreased by -15.2% to 72 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 85 tons, and then declined sharply in the following year.
In value terms, spices; ginger, crushed or ground imports reduced to $566K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year.
| Import of Spices; Ginger, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 38.4 | 64.2 | 124 | 200 | 73.3% |
| France | 167 | 251 | 237 | 163 | -0.8% |
| Spain | 116 | 119 | 121 | 122 | 1.7% |
| Netherlands | 2.9 | 16.7 | 69.9 | 59.6 | 173.9% |
| Poland | N/A | N/A | N/A | 16.8 | 0% |
| Others | 9.1 | 9.1 | 23.6 | 5.2 | -17.0% |
| Total | 334 | 459 | 575 | 566 | 19.2% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Portugal in 2022:
- Germany (23.2 tons)
- Spain (22.7 tons)
- Netherlands (13.4 tons)
- France (10.3 tons)
- Poland (1.7 tons)
Exports of Spices; Ginger, Crushed or Ground in Portugal
After three years of growth, overseas shipments of spices; ginger, crushed or ground decreased by -8.2% to 7.8 tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 49%.
In value terms, spices; ginger, crushed or ground exports shrank modestly to $87K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.5% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $93K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Ginger, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 47.2 | 75.6 | 66.1 | 62.9 | 10.0% |
| Angola | 7.1 | 6.2 | 7.3 | 10.6 | 14.3% |
| Cabo Verde | 3.9 | 5.3 | 5.0 | 5.3 | 10.8% |
| Luxembourg | 0.7 | 1.3 | 5.0 | 3.2 | 66.0% |
| Mozambique | 0.6 | 0.8 | 1.9 | 1.2 | 26.0% |
| Others | 0.8 | 3.6 | 5.5 | 3.5 | 63.6% |
| Total | 60.2 | 92.7 | 90.8 | 86.7 | 12.9% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Portugal in 2022:
- Spain (4.1 tons)
- Angola (1.5 tons)
- Cabo Verde (1.1 tons)
- Luxembourg (0.6 tons)
- Mozambique (0.2 tons)
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