Price for Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic
- Exports of Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic
Price for Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,990 per ton in 2022, shrinking by -26.8% against the previous year. Over the period under review, the import price, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 76%. Over the period under review, average import prices attained the maximum at $2,961 per ton in 2020; however, from 2021 to 2022, import prices stood 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 ($2,916 per ton), while the price for the Netherlands ($1,739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,843 per ton, waning by -22.8% against the previous year. Overall, export price indicated a pronounced increase 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 most prominent rate of growth was recorded in 2020 when the average export price increased by 62%. Over the period under review, the average export prices reached the maximum at $3,682 per ton in 2021, and then shrank markedly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($7,541 per ton), while the average price for exports to Slovakia ($2,701 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 Poland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic
In 2022, approx. 2.4K tons of spices; ginger, neither crushed nor ground were imported into the Czech Republic; picking up by 10% on 2021 figures. Over the period under review, imports, however, saw a pronounced setback.
In value terms, imports of spices; ginger, neither crushed nor ground declined sharply to $4.7M in 2022. In general, imports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 17% against the previous year. As a result, imports reached the peak of $6.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.6 | 3.8 | 3.6 | 3.2 | 74.7% |
| Germany | N/A | 1.0 | 1.0 | 1.2 | 9.5% |
| Austria | N/A | 0.6 | 0.6 | 0.2 | -42.3% |
| Cambodia | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| China | 3.1 | N/A | N/A | N/A | 0% |
| Brazil | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 0.5 | 0.1 | -41.5% |
| Total | 5.2 | 6.1 | 5.9 | 4.7 | -3.3% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to the Czech Republic in 2022:
- Netherlands (1836.2 tons)
- Germany (400.2 tons)
- Austria (64.3 tons)
- Cambodia (42.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in the Czech Republic
In 2022, approx. 372 tons of spices; ginger, neither crushed nor ground were exported from the Czech Republic; which is down by -27.8% on the previous year. Over the period under review, exports continue to indicate a abrupt downturn. The smallest decline of -10.1% was in 2020.
In value terms, exports of spices; ginger, neither crushed nor ground dropped rapidly to $1.1M in 2022. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, the exports attained the peak of $2.1M. 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 the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 441 | 819 | 833 | 571 | 9.0% |
| Hungary | 527 | 718 | 596 | 275 | -19.5% |
| Bulgaria | 118 | 156 | 218 | 174 | 13.8% |
| Poland | 233 | 357 | 189 | 6.6 | -69.5% |
| Romania | 88.8 | N/A | N/A | N/A | 0% |
| Others | 41.1 | 62.3 | 61.1 | 30.4 | -9.6% |
| Total | 1,449 | 2,113 | 1,897 | 1,057 | -10.0% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from the Czech Republic in 2022:
- Slovakia (211.6 tons)
- Hungary (97.8 tons)
- Bulgaria (56.1 tons)
- Poland (0.9 tons)
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