Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria (CIF) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Algeria
Price for Spices; Ginger, Neither Crushed Nor Ground in Algeria (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $1,796 per ton in 2022, shrinking by -13.1% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 -20.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. The import price peaked at $2,366 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($2,926 per ton), while the price for Niger ($544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Algeria
Imports of spices; ginger, neither crushed nor ground into Algeria declined dramatically to 1.3K tons in 2022, dropping by -23.3% against the year before. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of 1.6K tons, and then contracted markedly in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground declined sharply to $2.3M in 2022. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $3.4M, and then shrank sharply in the following year.
Import of Spices; Ginger, Neither Crushed Nor Ground in Algeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,874 | 2,318 | 2,595 | 1,815 | -1.1% |
United Arab Emirates | 288 | 102 | 238 | 183 | -14.0% |
Spain | 101 | 66.1 | 286 | 104 | 1.0% |
Others | 146 | 102 | 263 | 154 | 1.8% |
Total | 2,409 | 2,588 | 3,382 | 2,256 | -2.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Algeria in 2022:
- China (1023.7 tons)
- Spain (69.0 tons)
- United Arab Emirates (62.6 tons)
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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.