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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