Price for Spices; Ginger, Neither Crushed Nor Ground in Sweden - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Sweden (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Sweden (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Sweden
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Sweden
Price for Spices; Ginger, Neither Crushed Nor Ground in Sweden (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,244 per ton in 2022, declining by -25% against the previous year. In general, the import price, however, recorded a notable increase. The growth pace was the most rapid in 2014 when the average import price increased by 82%. As a result, import price reached the peak level of $4,075 per ton. From 2015 to 2022, the average import prices remained at a somewhat 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 Germany ($3,400 per ton), while the price for China ($1,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Sweden (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $5,733 per ton, picking up by 96% against the previous year. Overall, the export price, however, saw a mild downturn. The export price peaked at $6,390 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($12,054 per ton), while the average price for exports to Germany ($3,562 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 the Netherlands (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Sweden
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -4.7% to 2.5K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 4.4% against the previous year. As a result, imports attained the peak of 2.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground fell rapidly to $5.6M in 2022. In general, imports showed a perceptible curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. As a result, imports reached the peak of $8.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
Import of Spices; Ginger, Neither Crushed Nor Ground in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.3 | 3.3 | 3.5 | 2.9 | 8.0% |
Denmark | 2.4 | 3.6 | 2.6 | 1.5 | -14.5% |
Germany | 0.2 | 0.5 | 0.7 | 0.6 | 44.2% |
China | 1.1 | 0.9 | 0.8 | 0.4 | -28.6% |
Others | 0.1 | 0.3 | 0.2 | 0.1 | 0.0% |
Total | 6.1 | 8.6 | 7.8 | 5.6 | -2.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Sweden in 2022:
- Netherlands (1444.9 tons)
- Denmark (640.2 tons)
- China (197.7 tons)
- Germany (181.8 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Sweden
After three years of growth, shipments abroad of spices; ginger, neither crushed nor ground decreased by -93.5% to 6.1 tons in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 153%.
In value terms, exports of spices; ginger, neither crushed nor ground plummeted to $35K in 2022. Over the period under review, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 70%. As a result, the exports reached the peak of $318K. 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 Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 12.4 | 18.7 | 15.6 | 12.6 | 0.5% |
Estonia | N/A | N/A | N/A | 9.1 | 0% |
Germany | 5.3 | 1.2 | N/A | 5.1 | -1.3% |
Denmark | 156 | 290 | 230 | 4.7 | -68.9% |
Finland | 11.1 | 7.2 | 4.9 | 2.2 | -41.7% |
United States | N/A | N/A | 0.9 | 0.5 | -44.4% |
Others | 1.9 | 0.8 | 22.6 | 0.7 | -28.3% |
Total | 186 | 318 | 275 | 34.8 | -42.8% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Sweden in 2022:
- Estonia (1749.0 kg)
- Germany (1439.0 kg)
- Denmark (1088.0 kg)
- Norway (1042.0 kg)
- Finland (499.0 kg)
- United States (125.0 kg)
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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).
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.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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>
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
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
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.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.