Price for Spices; Ginger, Neither Crushed Nor Ground in Israel - 2024
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Israel (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Israel (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Israel
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Israel
Price for Spices; Ginger, Neither Crushed Nor Ground in Israel (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,924 per ton, shrinking by -20.4% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 85%. As a result, import price reached the peak level of $2,727 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($1,924 per ton) and Greece ($1,924 per ton), while the price for Thailand ($1,924 per ton) and South Korea ($1,924 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Israel (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,376 per ton in 2022, dropping by -47% against the previous year. Overall, the export price saw a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 42% against the previous year. Over the period under review, the average export prices reached the peak figure at $4,545 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($1,376 per ton) and the UK ($1,376 per ton), while the average price for exports to Singapore ($1,376 per ton) and Italy ($1,376 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-3.4%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Israel
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; ginger, neither crushed nor ground, when their volume decreased by -12.5% to 1.9K tons. The total import volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 21%.
In value terms, imports of spices; ginger, neither crushed nor ground fell notably to $3.6M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 65%.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,047 | 2,533 | 3,544 | 1,890 | -2.6% |
| South Korea | N/A | N/A | N/A | 530 | 0% |
| Brazil | 325 | 882 | 924 | 465 | 12.7% |
| Thailand | 46.0 | 11.0 | 251 | 305 | 87.9% |
| India | 108 | 388 | 394 | 193 | 21.4% |
| Greece | N/A | N/A | N/A | 67.0 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 65.0 | 0% |
| Guatemala | N/A | 274 | N/A | N/A | 0% |
| Others | 45.0 | 162 | 87.0 | 105 | 32.6% |
| Total | 2,571 | 4,250 | 5,200 | 3,620 | 12.1% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Israel in 2022:
- China (982.3 tons)
- South Korea (275.4 tons)
- Brazil (241.7 tons)
- Thailand (158.5 tons)
- India (100.3 tons)
- Greece (34.8 tons)
- United Arab Emirates (33.8 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Israel
Exports of spices; ginger, neither crushed nor ground from Israel soared to 53 tons in 2022, with an increase of 13,683% on 2021. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $73K in 2022. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 12.0 | 6.0 | N/A | 31.0 | 37.2% |
| Singapore | N/A | N/A | N/A | 27.0 | 0% |
| Italy | N/A | 5.0 | N/A | 14.0 | 67.3% |
| United Kingdom | N/A | 6.0 | N/A | 1.0 | -59.2% |
| Others | 2.0 | N/A | 1.0 | N/A | -29.3% |
| Total | 14.0 | 17.0 | 1.0 | 73.0 | 73.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Israel in 2022:
- United States (22.5 tons)
- Singapore (19.6 tons)
- Italy (10.2 tons)
- United Kingdom (0.7 tons)
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