Price for Spices; Ginger, Neither Crushed Nor Ground in Lithuania - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Lithuania
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Lithuania
Price for Spices; Ginger, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,633 per ton in 2022, waning by -22.7% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. The import price peaked at $2,112 per ton in 2021, and then shrank rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($3,570 per ton), while the price for China ($1,284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,760 per ton in 2022, with a decrease of -26.5% against the previous year. Overall, the export price, however, posted a measured increase. The pace of growth appeared the most rapid in 2013 an increase of 85%. The export price peaked at $2,396 per ton in 2021, and then shrank dramatically in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belarus ($1,844 per ton) and Estonia ($1,762 per ton), while the average price for exports to the Netherlands ($1,471 per ton) and Latvia ($1,640 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Lithuania
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -21.2% to 516 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 34%. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; ginger, neither crushed nor ground contracted rapidly to $842K in 2022. Over the period under review, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 52% against the previous year. As a result, imports attained the peak of $3.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1,754 | 2,454 | 1,085 | 586 | -30.6% |
| Peru | N/A | 173 | 137 | 119 | -17.1% |
| Latvia | 37.2 | 198 | 133 | 89.9 | 34.2% |
| China | 232 | 200 | 4.2 | 31.4 | -48.7% |
| Others | 167 | 305 | 24.0 | 15.7 | -54.5% |
| Total | 2,191 | 3,330 | 1,383 | 842 | -27.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Lithuania in 2022:
- Netherlands (381.3 tons)
- Peru (80.5 tons)
- Latvia (25.2 tons)
- China (24.5 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Lithuania
For the third consecutive year, Lithuania recorded decline in overseas shipments of spices; ginger, neither crushed nor ground, which decreased by -18.6% to 305 tons in 2022. Over the period under review, exports saw a dramatic shrinkage.
In value terms, exports of spices; ginger, neither crushed nor ground contracted significantly to $536K in 2022. Overall, exports saw a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 1,255 | 1,439 | 460 | 266 | -40.4% |
| Russia | 228 | 271 | 190 | 181 | -7.4% |
| Latvia | 218 | 483 | 159 | 41.8 | -42.3% |
| Estonia | 10.6 | 58.1 | 63.4 | 27.0 | 36.6% |
| Netherlands | 22.2 | 21.6 | 5.2 | 12.9 | -16.6% |
| Others | 27.1 | 24.4 | 19.1 | 7.9 | -33.7% |
| Total | 1,762 | 2,297 | 897 | 536 | -32.7% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Lithuania in 2022:
- Belarus (144.4 tons)
- Russia (106.6 tons)
- Latvia (25.5 tons)
- Estonia (15.3 tons)
- Netherlands (8.7 tons)
154
This report provides an in-depth analysis of the ginger market in Lithuania.
130
This report provides an in-depth analysis of the market for spices except pepper or ginger in Lithuania.
177
This report provides an in-depth analysis of the market for dog and cat food in Lithuania.
239
This report provides an in-depth analysis of the apricot market in Lithuania.
260
This report provides an in-depth analysis of the virgin olive oil market in Lithuania.
463
This report provides an in-depth analysis of the paint and varnish market in Lithuania.
180
This report provides an in-depth analysis of the olive oil market in Lithuania.
93
This report provides an in-depth analysis of the encased lead pencil market in Lithuania.
98
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Lithuania.
151
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Lithuania.
1471
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1173
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
841
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
8116
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8736
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1430
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
8050
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
12261
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1738
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3532
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
