Price for Spices; Ginger, Crushed or Ground in Slovenia - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Slovenia (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Slovenia (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Slovenia
- Exports of Spices; Ginger, Crushed or Ground in Slovenia
Price for Spices; Ginger, Crushed or Ground in Slovenia (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $7,380 per ton, waning by -2.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure at $9,541 per ton in 2017; however, from 2018 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 Croatia ($17,254 per ton), while the price for Nigeria ($2,505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Slovenia (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $4,087 per ton in 2022, which is down by -44.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23%. As a result, the export price reached the peak level of $19,855 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($29,625 per ton), while the average price for exports to Slovakia ($2,450 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 Hungary (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Slovenia
In 2022, imports of spices; ginger, crushed or ground into Slovenia stood at 21 tons, approximately equating 2021 figures. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.3% 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 -4.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 101% against the previous year. As a result, imports attained the peak of 22 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports shrank to $154K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. As a result, imports attained the peak of $157K, and then contracted slightly in the following year.
| Import of Spices; Ginger, Crushed or Ground in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.5 | 23.6 | 48.3 | 50.0 | 88.2% |
| Austria | 9.6 | 22.4 | 31.5 | 39.8 | 60.6% |
| Nigeria | 1.2 | 13.3 | 18.2 | 17.5 | 144.3% |
| Netherlands | 0.2 | 11.2 | 20.4 | 17.1 | 340.5% |
| Croatia | 13.1 | 16.8 | 20.4 | 14.8 | 4.2% |
| Italy | 0.3 | 2.6 | 1.1 | 4.9 | 153.7% |
| China | 29.7 | 4.0 | N/A | N/A | -86.5% |
| India | 18.5 | 12.5 | N/A | N/A | -32.4% |
| Others | 10.1 | 3.3 | 17.2 | 10.2 | 0.3% |
| Total | 90.3 | 110 | 157 | 154 | 19.5% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Slovenia in 2022:
- Nigeria (7.0 tons)
- Germany (5.7 tons)
- Austria (3.3 tons)
- Netherlands (2.6 tons)
- Croatia (0.9 tons)
- Italy (0.7 tons)
Exports of Spices; Ginger, Crushed or Ground in Slovenia
After three years of growth, shipments abroad of spices; ginger, crushed or ground decreased by -23% to 8.2 tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 158%.
In value terms, spices; ginger, crushed or ground exports shrank rapidly to $33K in 2022. In general, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 56% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | N/A | 13.3 | 18.2 | 17.1 | 13.4% |
| Italy | 2.5 | 4.3 | 0.1 | 3.4 | 10.8% |
| Austria | 25.7 | 24.0 | 47.1 | 3.0 | -51.1% |
| Hungary | N/A | 4.0 | 0.1 | 1.6 | -36.8% |
| Montenegro | N/A | N/A | N/A | 1.4 | 0% |
| Switzerland | 4.6 | 6.8 | 7.5 | 0.3 | -59.7% |
| Others | 3.3 | 3.9 | 4.4 | 6.6 | 26.0% |
| Total | 36.1 | 56.3 | 77.4 | 33.4 | -2.6% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Slovenia in 2022:
- Slovakia (7.0 tons)
- Hungary (0.3 tons)
- Italy (0.2 tons)
- Montenegro (0.2 tons)
- Austria (0.1 tons)
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