Price for Spices; Ginger, Neither Crushed Nor Ground in Costa Rica - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica
Price for Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $882 per ton, shrinking by -26.1% against the previous year. In general, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when the average export price increased by 24%. The export price peaked at $1,351 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($1,723 per ton), while the average price for exports to Canada ($440 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 (+2.0%), while the prices for the other major destinations experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $4,490 per ton, growing by 91% against the previous year. Over the period under review, the import price enjoyed a notable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -20.8% to 3.8K tons, falling for the second year in a row after two years of growth. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.0% 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 decreased by -33.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of 5.7K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; ginger, neither crushed nor ground declined rapidly to $3.3M in 2022. Overall, exports, however, continue to indicate moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of 141% against the previous year. As a result, the exports attained the peak of $7.1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.1 | 5.0 | 3.9 | 2.4 | 4.6% |
| Netherlands | 0.5 | 1.1 | 0.7 | 0.3 | -15.7% |
| France | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Canada | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.8 | 1.0 | 0.3 | 14.5% |
| Total | 2.9 | 7.1 | 5.7 | 3.3 | 4.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Costa Rica in 2022:
- United States (2924.9 tons)
- Canada (296.8 tons)
- Netherlands (188.2 tons)
- France (173.1 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica
In 2022, imports of spices; ginger, neither crushed nor ground into Costa Rica reduced rapidly to 51 kg, dropping by -99.8% against the previous year's figure. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of 28 tons, and then fell rapidly in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground contracted notably to $229 in 2022. Over the period under review, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports reached the peak of $67K, and then shrank sharply in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.8 | 9.3 | 4.1 | 0.2 | -78.4% |
| Ecuador | 4.4 | 29.1 | 19.6 | N/A | 111.1% |
| Peru | N/A | N/A | 38.0 | N/A | 0% |
| Spain | 6.1 | 3.8 | 4.2 | N/A | -17.0% |
| China | 8.1 | 4.4 | 0.5 | N/A | -75.2% |
| Guatemala | 2.1 | 1.4 | 0.2 | N/A | -69.1% |
| Others | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Total | 41.1 | 48.2 | 66.6 | 0.2 | -83.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Costa Rica in 2022:
- United States (51.0 kg)
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