Price for Spices; Ginger, Neither Crushed Nor Ground in Tunisia - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Tunisia (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Tunisia (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Tunisia
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Tunisia
Price for Spices; Ginger, Neither Crushed Nor Ground in Tunisia (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,096 per ton, surging by 11% against the previous year. Overall, the import price recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($1,188 per ton) and Nigeria ($1,169 per ton), while the price for Vietnam ($818 per ton) and China ($1,077 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+18.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Tunisia (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $4,667 per ton, waning by -45.1% against the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 102%. Over the period under review, the average export prices reached the peak figure at $24,925 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($8,333 per ton), while the average price for exports to Canada ($1,000 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 Canada (-27.5%).
Imports of Spices; Ginger, Neither Crushed Nor Ground in Tunisia
After two years of decline, overseas purchases of spices; ginger, neither crushed nor ground decreased by -32.5% to 357 tons in 2022. Overall, imports continue to indicate a slight setback.
In value terms, imports of spices; ginger, neither crushed nor ground fell notably to $391K in 2022. In general, imports, however, saw significant growth.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Tunisia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | N/A | 364 | 240 | 16.7% |
| Nigeria | 10.1 | N/A | 19.8 | 81.9 | 100.9% |
| India | 2.0 | N/A | 2.8 | 55.8 | 203.3% |
| Vietnam | N/A | N/A | 11.8 | 11.5 | -2.5% |
| United Arab Emirates | 50.8 | N/A | 98.1 | N/A | 39.0% |
| Others | 1.7 | N/A | 24.8 | 1.8 | 1.9% |
| Total | 215 | N/A | 521 | 391 | 22.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Tunisia in 2022:
- China (222.7 tons)
- Nigeria (70.0 tons)
- India (47.0 tons)
- Vietnam (14.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Tunisia
Exports of spices; ginger, neither crushed nor ground from Tunisia surged to 6 kg in 2022, increasing by 50% on 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground shrank dramatically to $28 in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Tunisia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | N/A | N/A | N/A | 25.0 | 0% |
| Canada | 15.0 | 23.0 | 27.0 | 1.0 | -59.5% |
| France | N/A | N/A | N/A | 1.0 | 0% |
| Luxembourg | N/A | N/A | 7.0 | N/A | 0% |
| Others | 2.0 | 2.0 | N/A | 1.0 | -20.6% |
| Total | 17.0 | 25.0 | 34.0 | 28.0 | 18.1% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Tunisia in 2022:
- Kuwait (3.0 kg)
- Canada (1.0 kg)
- France (1.0 kg)
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