Price for Spices; Ginger, Neither Crushed Nor Ground in Slovenia - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Slovenia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Slovenia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Slovenia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Slovenia
Price for Spices; Ginger, Neither Crushed Nor Ground in Slovenia (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,194 per ton in 2022, falling by -23.6% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 -34.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. The import price peaked at $3,344 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,134 per ton), while the price for China ($1,561 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Slovenia (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,707 per ton in 2022, falling by -25.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,810 per ton in 2014; however, from 2015 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 Croatia ($5,069 per ton), while the average price for exports to Italy ($1,488 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 Croatia (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Slovenia
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -19.5% to 301 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, imports attained the peak of 427 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 shrank rapidly to $660K in 2022. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of $1.4M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 20.8 | 451 | 420 | 225 | 121.2% |
| Italy | 43.0 | 699 | 329 | 207 | 68.8% |
| Austria | 93.1 | 127 | 39.4 | 65.8 | -10.9% |
| Croatia | 23.7 | 18.2 | 14.6 | 43.1 | 22.1% |
| Germany | 3.6 | 4.2 | 116 | 40.4 | 123.9% |
| Brazil | 133 | N/A | N/A | 32.1 | -37.7% |
| China | 323 | 101 | 95.8 | 17.2 | -62.4% |
| Peru | 119 | N/A | N/A | N/A | 0% |
| Others | 215 | 26.1 | 57.7 | 30.0 | -48.1% |
| Total | 974 | 1,427 | 1,073 | 660 | -12.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Slovenia in 2022:
- Italy (107.0 tons)
- Netherlands (93.7 tons)
- Austria (26.7 tons)
- Croatia (20.4 tons)
- Brazil (19.6 tons)
- Germany (12.9 tons)
- China (11.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Slovenia
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -22.3% to 345 tons, falling for the second year in a row after two years of growth. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 685% against the previous year. As a result, the exports reached the peak of 524 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground contracted remarkably to $589K in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 713% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 55.9 | 513 | 393 | 215 | 56.7% |
| Serbia | 38.7 | 255 | 248 | 177 | 66.0% |
| Montenegro | N/A | 192 | 188 | 103 | -26.8% |
| Italy | 1.7 | 69.9 | 132 | 46.5 | 201.3% |
| Croatia | 37.3 | 49.0 | 45.6 | 31.7 | -5.3% |
| Hungary | 0.2 | 35.8 | 7.8 | 14.4 | 316.0% |
| Others | 7.5 | 34.2 | 1.9 | 2.0 | -35.6% |
| Total | 141 | 1,149 | 1,016 | 589 | 61.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Slovenia in 2022:
- Bosnia and Herzegovina (144.4 tons)
- Serbia (102.2 tons)
- Montenegro (53.8 tons)
- Italy (31.3 tons)
- Croatia (6.2 tons)
- Hungary (6.1 tons)
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