Price for Spices; Ginger, Neither Crushed Nor Ground in Estonia - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Estonia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Estonia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Estonia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Estonia
Price for Spices; Ginger, Neither Crushed Nor Ground in Estonia (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $2,071 per ton, waning by -28.9% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the peak figure at $2,912 per ton in 2021, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($5,026 per ton), while the price for the Netherlands ($1,604 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Estonia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $7,868 per ton in 2022, increasing by 9.9% against the previous year. Overall, the export price, however, recorded a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 113%. The export price peaked at $14,151 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($12,699 per ton), while the average price for exports to Finland ($3,221 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 Norway (-1.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Estonia
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground was finally on the rise to reach 113 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic descent.
In value terms, imports of spices; ginger, neither crushed nor ground shrank slightly to $235K in 2022. Overall, imports, however, recorded a sharp descent.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,061 | 985 | 130 | 114 | -52.5% |
| Latvia | 1.4 | 146 | 109 | 93.0 | 305.0% |
| Sweden | N/A | N/A | N/A | 8.8 | 0% |
| Poland | N/A | 0.2 | 0.7 | 6.8 | 483.1% |
| Lithuania | N/A | 8.7 | N/A | 4.4 | -28.9% |
| Spain | 127 | N/A | N/A | N/A | 0% |
| Switzerland | 481 | N/A | N/A | N/A | 0% |
| China | 180 | N/A | N/A | N/A | 0% |
| Belgium | 50.8 | 79.2 | N/A | N/A | 55.9% |
| Brazil | 690 | N/A | N/A | N/A | 0% |
| Others | 64.9 | 82.0 | 4.7 | 7.7 | -50.9% |
| Total | 2,657 | 1,301 | 245 | 235 | -55.4% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Estonia in 2022:
- Netherlands (71.3 tons)
- Latvia (32.2 tons)
- Poland (3.6 tons)
- Lithuania (2.5 tons)
- Sweden (1.8 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Estonia
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -71.3% to 2.4 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 351% against the previous year. As a result, the exports reached the peak of 8.5 tons, and then fell sharply in the following year.
In value terms, exports of spices; ginger, neither crushed nor ground shrank notably to $19K in 2022. Over the period under review, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 201% against the previous year. As a result, the exports attained the peak of $61K, and then declined sharply in the following year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 12.8 | 17.4 | 56.2 | 14.9 | 5.2% |
| Finland | 0.7 | 2.1 | 3.8 | 2.9 | 60.6% |
| Latvia | N/A | N/A | N/A | 0.5 | 0% |
| Norway | 0.2 | 0.6 | 0.3 | 0.5 | 35.7% |
| Netherlands | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Total | 13.8 | 20.1 | 60.6 | 19.1 | 11.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Estonia in 2022:
- Sweden (1171.0 kg)
- Finland (893.0 kg)
- Latvia (154.0 kg)
- Norway (107.0 kg)
- Netherlands (50.0 kg)
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