Price for Spices; Ginger, Crushed or Ground in Ghana - 2022
Contents:
- Price for Spices; Ginger, Crushed or Ground in Ghana (FOB) - 2022
- Price for Spices; Ginger, Crushed or Ground in Ghana (CIF) - 2022
- Exports of Spices; Ginger, Crushed or Ground in Ghana
- Imports of Spices; Ginger, Crushed or Ground in Ghana
Price for Spices; Ginger, Crushed or Ground in Ghana (FOB) - 2022
In 2022, the average export price for spices; ginger, crushed or ground amounted to $2,558 per ton, with an increase of 7.2% against the previous year. In general, the export price continues to indicate a notable expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 157% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($4,154 per ton), while the average price for exports to Togo ($1,074 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 Switzerland (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Crushed or Ground in Ghana (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $5,726 per ton, increasing by 103% against the previous year. In general, the import price, however, saw a perceptible downturn. The import price peaked at $7,438 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($10,241 per ton), while the price for Togo ($463 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Ginger, Crushed or Ground in Ghana
In 2022, approx. 4 tons of spices; ginger, crushed or ground were exported from Ghana; jumping by 52% against 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 230% against the previous year. As a result, the exports attained the peak of 8.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $10K in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 381%. As a result, the exports attained the peak of $13K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Ginger, Crushed or Ground in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 4.3 | 3.0 | 4.5 | 146.6% |
| United Kingdom | 0.2 | 3.8 | 1.6 | 2.4 | 128.9% |
| Togo | N/A | N/A | N/A | 0.8 | 0% |
| Canada | 0.2 | 1.8 | 0.5 | 0.6 | 44.2% |
| Sweden | 0.3 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 3.0 | 1.2 | 1.9 | 3.8% |
| Total | 2.7 | 12.9 | 6.3 | 10.3 | 56.3% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Ghana in 2022:
- United States (1407.0 kg)
- United Kingdom (1325.0 kg)
- Togo (746.0 kg)
- Canada (149.0 kg)
Imports of Spices; Ginger, Crushed or Ground in Ghana
In 2022, supplies from abroad of spices; ginger, crushed or ground decreased by -49% to 1.8 tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 1,095% against the previous year. As a result, imports reached the peak of 26 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; ginger, crushed or ground imports amounted to $10K in 2022. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 883% against the previous year. As a result, imports reached the peak of $69K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Ginger, Crushed or Ground in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | N/A | 8.2 | 0% |
| India | 1.9 | 9.7 | 1.0 | 0.6 | -31.9% |
| Nigeria | 1.5 | 5.2 | 2.4 | 0.3 | -41.5% |
| Lebanon | N/A | 7.9 | 1.5 | 0.2 | -84.1% |
| United States | 0.8 | 2.7 | 1.2 | 0.2 | -37.0% |
| Togo | 0.2 | 0.6 | 0.3 | N/A | 22.5% |
| Australia | 0.1 | 35.5 | N/A | N/A | 35400.0% |
| Others | 2.4 | 7.1 | 3.3 | 0.6 | -37.0% |
| Total | 7.0 | 68.7 | 9.7 | 10.1 | 13.0% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Ghana in 2022:
- Sri Lanka (1190.0 kg)
- Nigeria (127.0 kg)
- United States (124.0 kg)
- Lebanon (110.0 kg)
- Togo (82.0 kg)
- India (54.0 kg)
3786
This report provides an in-depth analysis of the ginger market in Ghana.
62
This report provides an in-depth analysis of the market for spices except pepper or ginger in Ghana.
287
This report provides an in-depth analysis of the olive oil market in Ghana.
1177
This report provides an in-depth analysis of the paint and varnish market in Ghana.
736
This report provides an in-depth analysis of the virgin olive oil market in Ghana.
752
This report provides an in-depth analysis of the market for dog and cat food in Ghana.
926
This report provides an in-depth analysis of the apricot market in Ghana.
335
This report provides an in-depth analysis of the market for urea and thiourea resins in Ghana.
246
This report provides an in-depth analysis of the encased lead pencil market in Ghana.
452
This report provides an in-depth analysis of the market for paints and varnishes, based on acrylic or vinyl polymers, aqueous medium in Ghana.
936
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).
1036
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.
788
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7513
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8596
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1383
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>
7890
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
11890
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
1626
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.
3391
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
