Price for Spices; Ginger, Crushed or Ground in Malaysia - 2021
Contents:
- Price for Spices; Ginger, Crushed or Ground in Malaysia (CIF) - 2021
- Price for Spices; Ginger, Crushed or Ground in Malaysia (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Malaysia
- Exports of Spices; Ginger, Crushed or Ground in Malaysia
Price for Spices; Ginger, Crushed or Ground in Malaysia (CIF) - 2021
The average import price for spices; ginger, crushed or ground stood at $722 per ton in December 2021, reducing by -14.9% against the previous month. In general, the import price showed a abrupt downturn. The pace of growth was the most pronounced in July 2021 when the average import price increased by 24% against the previous month. The import price peaked at $1,574 per ton in December 2020; however, from January 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Myanmar ($1,536 per ton), while the price for China stood at $661 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Myanmar (-2.7%).
Price for Spices; Ginger, Crushed or Ground in Malaysia (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $4,551 per ton in 2022, falling by -20.9% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth was the most pronounced in 2020 an increase of 67%. The export price peaked at $6,169 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($35,448 per ton), while the average price for exports to Brunei Darussalam ($2,890 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 Saudi Arabia (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Malaysia
Spices; ginger, crushed or ground imports into Malaysia soared to 18K tons in 2022, jumping by 20% against 2021 figures. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 8,069%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, spices; ginger, crushed or ground imports soared to $20M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8,299% against the previous year. As a result, imports reached the peak of $24M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.3 | 22.7 | 15.5 | 18.9 | 297.9% |
| Others | N/A | 1.0 | 1.3 | 1.3 | 14.0% |
| Total | 0.3 | 23.7 | 16.8 | 20.2 | 306.8% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Malaysia in 2022:
- China (17.4K tons)
Exports of Spices; Ginger, Crushed or Ground in Malaysia
In 2022, overseas shipments of spices; ginger, crushed or ground were finally on the rise to reach 34 tons after two years of decline. Over the period under review, exports, however, recorded a significant decrease.
In value terms, spices; ginger, crushed or ground exports soared to $156K in 2022. Overall, exports, however, recorded a abrupt shrinkage.
| Export of Spices; Ginger, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brunei Darussalam | 123 | 98.9 | 58.5 | 92.3 | -9.1% |
| Japan | 74.4 | 21.7 | 13.6 | 21.4 | -34.0% |
| Singapore | 8.1 | 32.2 | 5.3 | 8.3 | 0.8% |
| Others | 61.8 | 68.4 | 13.9 | 34.2 | -17.9% |
| Total | 267 | 221 | 91.2 | 156 | -16.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Malaysia in 2022:
- Brunei Darussalam (31.9 tons)
- Japan (0.6 tons)
- Singapore (0.6 tons)
3479
This report provides an in-depth analysis of the ginger market in Malaysia.
79
This report provides an in-depth analysis of the market for spices except pepper or ginger in Malaysia.
260
This report provides an in-depth analysis of the olive oil market in Malaysia.
770
This report provides an in-depth analysis of the paint and varnish market in Malaysia.
1020
This report provides an in-depth analysis of the virgin olive oil market in Malaysia.
861
This report provides an in-depth analysis of the market for dog and cat food in Malaysia.
810
This report provides an in-depth analysis of the apricot market in Malaysia.
239
This report provides an in-depth analysis of the wood fuel (coniferous) market in Malaysia.
360
This report provides an in-depth analysis of the market for urea and thiourea resins in Malaysia.
304
This report provides an in-depth analysis of the encased lead pencil market in Malaysia.
988
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).
1059
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.
802
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7568
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8622
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1395
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>
7909
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
11954
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
1637
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.
3406
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
