Price for Spices; Ginger, Neither Crushed Nor Ground in Mexico - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Mexico (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Mexico (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Mexico
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Mexico
Price for Spices; Ginger, Neither Crushed Nor Ground in Mexico (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $1,683 per ton, waning by -25% against the previous year. Overall, the export price, however, posted tangible growth. The growth pace was the most rapid in 2013 when the average export price increased by 78%. As a result, the export price attained the peak level of $2,430 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +2.1% per year.
Price for Spices; Ginger, Neither Crushed Nor Ground in Mexico (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,419 per ton, dropping by -38.7% against the previous year. In general, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 30%. The import price peaked at $4,130 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.8% per year.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Mexico
In 2022, overseas shipments of spices; ginger, neither crushed nor ground were finally on the rise to reach 922 tons after two years of decline. Over the period under review, exports, however, showed a abrupt decline.
In value terms, exports of spices; ginger, neither crushed nor ground expanded notably to $1.6M in 2022. In general, exports, however, showed a abrupt shrinkage.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.3 | 2.1 | 1.4 | 1.6 | -11.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.3 | 2.1 | 1.4 | 1.6 | -11.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Mexico in 2022:
- United States (922.3 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Mexico
Imports of spices; ginger, neither crushed nor ground into Mexico fell remarkably to 142 tons in 2022, reducing by -41% compared with the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports reached the peak of 241 tons, and then dropped notably in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground dropped markedly to $202K in 2022. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, imports reached the peak of $558K, and then shrank markedly in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | N/A | N/A | 419 | 202 | -51.8% |
| Nigeria | N/A | N/A | 139 | N/A | 0% |
| China | 79.7 | 63.9 | N/A | N/A | -19.8% |
| United States | 82.3 | 223 | N/A | N/A | 171.0% |
| India | 91.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 253 | 287 | 558 | 202 | -7.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Mexico in 2022:
- Peru (142.2 tons)
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