Price for Spices; Ginger, Neither Crushed Nor Ground in Portugal - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Portugal (CIF) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Portugal (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Portugal
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Portugal
Price for Spices; Ginger, Neither Crushed Nor Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $1,802 per ton, falling by -18.4% against the previous year. In general, the import price, however, posted temperate growth. The pace of growth appeared the most rapid in 2013 an increase of 75%. Over the period under review, average import prices reached the peak figure at $2,816 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,749 per ton), while the price for Spain ($1,563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Portugal (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $2,817 per ton, jumping by 15% against the previous year. In general, the export price continues to indicate a measured increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 171% against the previous year. As a result, the export price reached the peak level of $6,162 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($4,329 per ton), while the average price for exports to Cabo Verde ($2,292 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 Lithuania (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Portugal
In 2022, the amount of spices; ginger, neither crushed nor ground imported into Portugal reached 1.6K tons, with an increase of 4.9% against 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground fell to $2.9M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -31.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 97% against the previous year. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,212 | 2,546 | 1,980 | 1,738 | 12.8% |
| Netherlands | 537 | 633 | 540 | 605 | 4.1% |
| Germany | 52.9 | 479 | 564 | 374 | 91.9% |
| Belgium | 293 | 475 | 270 | 134 | -23.0% |
| Others | 65.3 | 132 | 78.6 | 85.5 | 9.4% |
| Total | 2,159 | 4,265 | 3,433 | 2,938 | 10.8% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Portugal in 2022:
- Spain (1112.3 tons)
- Netherlands (278.2 tons)
- Germany (136.2 tons)
- Belgium (82.0 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Portugal
In 2022, overseas shipments of spices; ginger, neither crushed nor ground decreased by -34.6% to 32 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 34%. As a result, the exports attained the peak of 50 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; ginger, neither crushed nor ground dropped remarkably to $89K in 2022. In general, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $158K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 9.6 | 37.2 | 69.0 | 46.8 | 69.6% |
| Cabo Verde | 54.9 | 69.8 | 37.1 | 25.6 | -22.5% |
| Germany | 0.4 | 3.9 | 5.8 | 5.9 | 145.2% |
| Angola | 25.1 | 3.4 | 1.4 | 1.0 | -65.8% |
| Netherlands | 0.9 | 37.0 | 0.4 | 0.1 | -51.9% |
| Others | 7.7 | 6.4 | 4.0 | 9.6 | 7.6% |
| Total | 98.7 | 158 | 118 | 88.9 | -3.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Portugal in 2022:
- Spain (17.4 tons)
- Cabo Verde (11.1 tons)
- Germany (2.0 tons)
- Angola (0.2 tons)
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