Price for Spices; Ginger, Neither Crushed Nor Ground in Brazil - 2024
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Brazil (FOB) - 2024
- Price for Spices; Ginger, Neither Crushed Nor Ground in Brazil (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Brazil
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Brazil
Price for Spices; Ginger, Neither Crushed Nor Ground in Brazil (FOB) - 2024
In February 2024, the average export price for spices; ginger, neither crushed nor ground amounted to $1,885 per ton, with a decrease of -18.5% against the previous month. Overall, export price indicated a noticeable expansion from February 2023 to February 2024: its price increased at an average monthly rate of +4.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for spices; ginger, neither crushed nor ground decreased by -20.3% against December 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 29% against the previous month. Over the period under review, the average export prices hit record highs at $2,367 per ton in December 2023; however, from January 2024 to February 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was France ($2,308 per ton), while the average price for exports to Argentina ($1,343 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Brazil (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,625 per ton, declining by -15.4% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44% against the previous year. The import price peaked at $2,751 per ton in 2012; however, from 2013 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 Thailand ($5,308 per ton), while the price for China ($423 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Brazil
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -17.8% to 34K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 45%.
In value terms, exports of spices; ginger, neither crushed nor ground declined notably to $33M in 2022. In general, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 127% against the previous year. As a result, the exports attained the peak of $50M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.1 | 16.5 | 21.0 | 18.2 | 21.7% |
| United States | 7.1 | 21.3 | 14.5 | 7.8 | 3.2% |
| Argentina | 0.6 | 2.3 | 2.7 | 2.2 | 54.2% |
| Spain | 0.6 | 1.2 | 1.9 | 1.2 | 26.0% |
| United Kingdom | 0.6 | 1.8 | 1.8 | 1.0 | 18.6% |
| Italy | 0.7 | 1.3 | 1.4 | 0.7 | 0.0% |
| Russia | 0.8 | 1.7 | 3.3 | 0.2 | -37.0% |
| Others | 1.7 | 4.2 | 3.2 | 1.5 | -4.1% |
| Total | 22.2 | 50.2 | 49.6 | 32.7 | 13.8% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Brazil in 2022:
- Netherlands (19.5K tons)
- United States (7.7K tons)
- Argentina (2.6K tons)
- Spain (1.2K tons)
- United Kingdom (1.0K tons)
- Italy (0.7K tons)
- Russia (0.2K tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Brazil
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -22.3% to 185 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. As a result, imports attained the peak of 639 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground contracted significantly to $300K in 2022. Over the period under review, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 122% against the previous year. As a result, imports attained the peak of $1.2M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 97.0 | 845 | 346 | 172 | 21.0% |
| India | N/A | N/A | 18.2 | 54.4 | 198.9% |
| Thailand | 53.1 | 41.7 | 10.8 | 53.2 | 0.1% |
| China | 115 | 108 | 38.1 | 20.8 | -43.4% |
| Nigeria | 238 | 163 | 27.5 | N/A | -66.0% |
| United Arab Emirates | N/A | 45.5 | 3.9 | N/A | -91.4% |
| Others | 37.5 | N/A | 11.6 | N/A | -44.4% |
| Total | 541 | 1,204 | 456 | 300 | -17.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Brazil in 2022:
- Peru (111.7 tons)
- China (49.3 tons)
- India (13.6 tons)
- Thailand (10.0 tons)
1118
This report provides an in-depth analysis of the ginger market in Brazil.
118
This report provides an in-depth analysis of the market for spices except pepper or ginger in Brazil.
514
This report provides an in-depth analysis of the market for dog and cat food in Brazil.
606
This report provides an in-depth analysis of the apricot market in Brazil.
1128
This report provides an in-depth analysis of the virgin olive oil market in Brazil.
592
This report provides an in-depth analysis of the paint and varnish market in Brazil.
289
This report provides an in-depth analysis of the olive oil market in Brazil.
340
This report provides an in-depth analysis of the encased lead pencil market in Brazil.
287
This report provides an in-depth analysis of the assembled clock movements market in Brazil.
502
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Brazil.
338
As of July 2023, the price of Ginger was $2,223 per ton (FOB, Brazil), representing a 21% increase compared to the previous month.
1044
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).
1073
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.
805
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7613
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8632
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1399
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>
7920
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
11993
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
1651
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.
