Price for Spices; Ginger, Neither Crushed Nor Ground in Belgium - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Belgium (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Belgium (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Belgium
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Belgium
Price for Spices; Ginger, Neither Crushed Nor Ground in Belgium (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,758 per ton in 2022, declining by -28.7% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -40.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 87% against the previous year. Over the period under review, average import prices reached the maximum at $2,962 per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 France ($3,191 per ton), while the price for Cameroon ($946 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Belgium (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,735 per ton in 2022, which is down by -25.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 51%. The export price peaked at $2,323 per ton in 2021, and then contracted markedly in the following year.
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 Norway ($5,360 per ton), while the average price for exports to Germany ($1,245 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 Latvia (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Belgium
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -17.9% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37%.
In value terms, imports of spices; ginger, neither crushed nor ground declined sharply to $3.4M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 82%. As a result, imports attained the peak of $6.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2,801 | 3,745 | 3,624 | 1,641 | -16.3% |
| Germany | 236 | 921 | 893 | 666 | 41.3% |
| China | N/A | 314 | 495 | 384 | 10.6% |
| France | 67.2 | 190 | 157 | 302 | 65.0% |
| Italy | 273 | 416 | 209 | 139 | -20.1% |
| Cameroon | 29.7 | 92.6 | 63.9 | 43.3 | 13.4% |
| Peru | N/A | 338 | 49.8 | 0.3 | -97.0% |
| Others | 79.2 | 330 | 322 | 225 | 41.6% |
| Total | 3,485 | 6,347 | 5,813 | 3,401 | -0.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Belgium in 2022:
- Netherlands (1176.4 tons)
- China (271.4 tons)
- Germany (211.3 tons)
- France (94.7 tons)
- Cameroon (45.8 tons)
- Italy (17.2 tons)
- Peru (0.2 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Belgium
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -44.3% to 466 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 174% against the previous year. As a result, the exports attained the peak of 1.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground dropped significantly to $808K in 2022. In general, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2020 when exports increased by 154%. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 221 | 781 | 774 | 264 | 6.1% |
| France | 128 | 793 | 538 | 204 | 16.8% |
| Luxembourg | 129 | 164 | 156 | 127 | -0.5% |
| Germany | 39.5 | 174 | 47.4 | 85.1 | 29.2% |
| Netherlands | 26.7 | 114 | 138 | 38.4 | 12.9% |
| Italy | N/A | 52.1 | 0.8 | 30.2 | -23.9% |
| Estonia | 300 | 81.8 | 179 | N/A | -22.8% |
| Others | 62.1 | 142 | 109 | 58.9 | -1.7% |
| Total | 906 | 2,301 | 1,942 | 808 | -3.7% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Belgium in 2022:
- Russia (161.7 tons)
- France (126.5 tons)
- Germany (68.4 tons)
- Luxembourg (42.7 tons)
- Netherlands (30.4 tons)
- Italy (22.2 tons)
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