Price for Spices; Ginger, Neither Crushed Nor Ground in Austria - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Austria (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Austria (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Austria
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Austria
Price for Spices; Ginger, Neither Crushed Nor Ground in Austria (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,412 per ton in 2022, waning by -25.6% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 38% against the previous year. Over the period under review, average import prices reached the peak figure at $3,242 per ton in 2021, and then plummeted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($6,626 per ton), while the price for China ($1,621 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Austria (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $3,171 per ton in 2022, falling by -5.2% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 42%. The export price peaked at $4,169 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 the Netherlands ($18,000 per ton), while the average price for exports to Slovenia ($2,490 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 Belgium (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Austria
In 2022, imports of spices; ginger, neither crushed nor ground into Austria contracted to 1.7K tons, reducing by -12.3% on 2021 figures. Over the period under review, imports faced a deep contraction. The smallest decline of -7.4% was in 2020.
In value terms, imports of spices; ginger, neither crushed nor ground dropped markedly to $4.1M in 2022. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of $7.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 4.8 | 3.4 | 2.3 | -30.8% |
| Germany | 0.1 | 0.8 | 1.9 | 1.1 | 122.4% |
| China | 4.1 | 0.9 | 0.3 | 0.5 | -50.4% |
| Italy | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Belgium | N/A | 0.6 | 0.5 | N/A | -16.7% |
| Peru | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Total | 5.7 | 7.2 | 6.3 | 4.1 | -10.4% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Austria in 2022:
- Netherlands (1079.3 tons)
- China (307.0 tons)
- Germany (241.5 tons)
- Italy (52.8 tons)
- Belgium (0.3 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Austria
For the third consecutive year, Austria recorded decline in overseas shipments of spices; ginger, neither crushed nor ground, which decreased by -37.5% to 221 tons in 2022. Overall, exports continue to indicate a sharp decrease.
In value terms, exports of spices; ginger, neither crushed nor ground shrank notably to $700K in 2022. In general, exports continue to indicate a precipitous curtailment. The smallest decline of -35.8% was in 2020.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 978 | 996 | 1,091 | 325 | -30.7% |
| Slovenia | 73.0 | 90.2 | 3.6 | 181 | 35.3% |
| Hungary | 13.3 | 58.8 | 16.4 | 129 | 113.3% |
| Slovakia | 399 | 369 | 17.6 | 31.7 | -57.0% |
| Germany | 226 | 48.2 | 34.3 | 30.6 | -48.7% |
| Belgium | 571 | N/A | N/A | N/A | 0% |
| Netherlands | 1,283 | 685 | N/A | N/A | -46.6% |
| Others | 64.2 | 67.7 | 19.0 | 3.9 | -60.7% |
| Total | 3,608 | 2,315 | 1,181 | 700 | -42.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Austria in 2022:
- Czech Republic (115.6 tons)
- Slovenia (72.7 tons)
- Hungary (23.4 tons)
- Germany (5.7 tons)
- Slovakia (3.4 tons)
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