Price for Spices; Ginger, Neither Crushed Nor Ground in Morocco - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Morocco (CIF) - 2023
- Price for Spices; Ginger, Neither Crushed Nor Ground in Morocco (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Morocco
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Morocco
Price for Spices; Ginger, Neither Crushed Nor Ground in Morocco (CIF) - 2023
The average import price for spices; ginger, neither crushed nor ground stood at $2,293 per ton in June 2023, waning by -10.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 19% against the previous month. Over the period under review, average import prices reached the maximum at $2,553 per ton in May 2023, and then dropped in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was India ($3,471 per ton), while the price for Peru ($1,676 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Morocco (FOB) - 2022
The average export price for spices; ginger, neither crushed nor ground stood at $657 per ton in 2022, reducing by -59.3% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2020 an increase of 55%. As a result, the export price reached the peak level of $2,474 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gambia ($984 per ton), while the average price for exports to Spain ($516 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+274.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Morocco
In 2022, approx. 10K tons of spices; ginger, neither crushed nor ground were imported into Morocco; shrinking by -7% against 2021. In general, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 92%. As a result, imports attained the peak of 11K tons, and then dropped in the following year.
In value terms, imports of spices; ginger, neither crushed nor ground shrank markedly to $21M in 2022. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2021 with an increase of 91%. As a result, imports reached the peak of $30M, and then dropped remarkably in the following year.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.8 | 9.9 | 24.5 | 16.9 | 35.5% |
| China | 5.2 | 3.4 | 2.4 | 1.8 | -29.8% |
| Myanmar | 0.9 | 0.6 | 0.5 | 1.4 | 15.9% |
| Nigeria | 1.8 | 1.2 | 2.3 | 0.9 | -20.6% |
| Others | N/A | 0.5 | 0.1 | 0.2 | -36.8% |
| Total | 14.7 | 15.6 | 29.8 | 21.3 | 13.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Morocco in 2022:
- India (7.3K tons)
- Myanmar (1.3K tons)
- China (0.9K tons)
- Nigeria (0.4K tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Morocco
In 2022, shipments abroad of spices; ginger, neither crushed nor ground was finally on the rise to reach 35 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a precipitous shrinkage.
In value terms, exports of spices; ginger, neither crushed nor ground skyrocketed to $23K in 2022. In general, exports, however, saw a significant curtailment.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 0.1 | N/A | 13.2 | 1048.9% |
| Mauritania | 7.9 | 34.7 | 15.3 | 8.2 | 1.3% |
| Gambia | N/A | N/A | N/A | 0.6 | 0% |
| Guinea | 28.0 | N/A | 0.1 | N/A | -94.0% |
| India | 91.1 | 103 | N/A | N/A | 13.1% |
| Others | 3.5 | 7.5 | 3.2 | 0.8 | -38.9% |
| Total | 131 | 146 | 18.6 | 22.8 | -44.2% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Morocco in 2022:
- Spain (25.5 tons)
- Mauritania (8.4 tons)
- Gambia (0.6 tons)
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