Price for Spices; Ginger, Neither Crushed Nor Ground in Peru - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Peru (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Peru (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Peru
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Peru
Price for Spices; Ginger, Neither Crushed Nor Ground in Peru (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $1,168 per ton in 2022, waning by -41% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2013 an increase of 11%. As a result, the export price reached the peak level of $2,318 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,716 per ton), while the average price for exports to Chile ($218 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 Chile (+1.4%), while the prices for the other major destinations experienced a decline.
Price for Spices; Ginger, Neither Crushed Nor Ground in Peru (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $8,701 per ton in 2022, rising by 326% against the previous year. Overall, the import price saw a significant increase. 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 Germany.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +12.0% per year.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Peru
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -31.6% to 54K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of 79K tons, and then fell remarkably in the following year.
In value terms, exports of spices; ginger, neither crushed nor ground shrank rapidly to $63M in 2022. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. As a result, the exports attained the peak of $156M, and then shrank notably in the following year.
Export of Spices; Ginger, Neither Crushed Nor Ground in Peru (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 30.8 | 40.8 | 72.2 | 30.4 | -0.4% |
Netherlands | 22.4 | 38.5 | 41.7 | 14.9 | -12.7% |
Spain | 4.4 | 5.5 | 7.6 | 3.1 | -11.0% |
Canada | 3.7 | 4.9 | 7.8 | 2.9 | -7.8% |
Germany | 1.1 | 2.7 | 6.4 | 2.6 | 33.2% |
United Kingdom | 0.2 | 0.1 | 0.1 | 2.0 | 115.4% |
Chile | 0.6 | 0.5 | 1.0 | 0.4 | -12.6% |
Others | 10.8 | 11.4 | 19.3 | 6.6 | -15.1% |
Total | 74.1 | 104 | 156 | 63.1 | -5.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Peru in 2022:
- United States (25.3K tons)
- Netherlands (14.6K tons)
- Canada (2.7K tons)
- Spain (2.6K tons)
- United Kingdom (1.9K tons)
- Chile (1.8K tons)
- Germany (1.5K tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Peru
In 2022, imports of spices; ginger, neither crushed nor ground into Peru contracted dramatically to 1.4 tons, waning by -88.2% compared with the previous year's figure. In general, imports faced a dramatic slump. The pace of growth was the most pronounced in 2021 when imports increased by 183%.
In value terms, imports of spices; ginger, neither crushed nor ground shrank dramatically to $12K in 2022. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2021 with an increase of 64%.
Import of Spices; Ginger, Neither Crushed Nor Ground in Peru (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | N/A | N/A | 2.8 | 12.2 | 335.7% |
Thailand | 13.5 | 4.9 | 5.0 | N/A | -39.1% |
Chile | 0.7 | 0.1 | 4.5 | N/A | 153.5% |
United States | 22.3 | 9.7 | 12.0 | N/A | -26.6% |
Others | 0.7 | 0.1 | N/A | N/A | -85.7% |
Total | 37.2 | 14.8 | 24.3 | 12.2 | -31.0% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Peru in 2022:
- Germany (1.4 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.