Price for Spices; Ginger, Neither Crushed Nor Ground in Ukraine - 2023
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ukraine (CIF) - 2023
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ukraine (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Ukraine
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Ukraine
Price for Spices; Ginger, Neither Crushed Nor Ground in Ukraine (CIF) - 2023
The average import price for spices; ginger, neither crushed nor ground stood at $2,613 per ton in December 2023, surging by 27% against the previous month. Over the period under review, import price indicated a tangible increase from December 2022 to December 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for spices; ginger, neither crushed nor ground increased by +38.2% against September 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 48% month-to-month. The import price peaked in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Peru ($3,469 per ton), while the price for China ($1,841 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Tanzania (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Ukraine (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $5,883 per ton, increasing by 62% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. Over the period under review, the average export prices hit record highs at $7,396 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($9,750 per ton), while the average price for exports to Norway ($3,429 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Ukraine
In 2022, overseas purchases of spices; ginger, neither crushed nor ground decreased by -49.1% to 1.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of 3.2K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground plummeted to $2.2M in 2022. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. As a result, imports reached the peak of $5.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 1.3 | 1.2 | 1.2 | 1.2 | -2.6% |
| China | 1.9 | 2.7 | 2.2 | 0.7 | -28.3% |
| Peru | 0.1 | 0.8 | 0.8 | 0.1 | 0.0% |
| Costa Rica | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 3.4 | 5.1 | 4.4 | 2.2 | -13.5% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Ukraine in 2022:
- Brazil (821.2 tons)
- China (548.2 tons)
- Peru (55.1 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Ukraine
In 2022, shipments abroad of spices; ginger, neither crushed nor ground decreased by -98% to 223 kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 2,404% against the previous year. As a result, the exports reached the peak of 13 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 declined significantly to $1.3K in 2022. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2020 when exports increased by 1,455% against the previous year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.2 | 0.4 | 0.4 | 0.4 | 26.0% |
| Japan | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Panama | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Greece | 0.1 | 0.3 | 0.2 | 0.1 | 0.0% |
| Germany | 0.1 | 0.1 | 0.5 | 0.1 | 0.0% |
| Cyprus | 0.2 | 0.4 | 0.5 | 0.1 | -20.6% |
| Hong Kong SAR | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| United Arab Emirates | N/A | N/A | N/A | N/A | 0% |
| China | N/A | 37.0 | 36.9 | N/A | -0.3% |
| Norway | N/A | N/A | 0.1 | N/A | 0% |
| France | N/A | N/A | N/A | N/A | 0% |
| Denmark | N/A | 0.2 | 0.2 | N/A | 0.0% |
| Liberia | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Others | 1.5 | 0.5 | 1.8 | 0.1 | -59.5% |
| Total | 2.5 | 39.5 | 40.9 | 1.3 | -19.6% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Ukraine in 2022:
- Singapore (68.0 kg)
- Japan (30.0 kg)
- Panama (20.0 kg)
- Germany (17.0 kg)
- Greece (16.0 kg)
- Hong Kong SAR (15.0 kg)
- China (10.0 kg)
- Cyprus (9.0 kg)
- Liberia (7.0 kg)
- Norway (7.0 kg)
- United Arab Emirates (5.0 kg)
- Denmark (4.0 kg)
- France (4.0 kg)
442
This report provides an in-depth analysis of the ginger market in Ukraine.
92
This report provides an in-depth analysis of the market for spices except pepper or ginger in Ukraine.
338
This report provides an in-depth analysis of the market for dog and cat food in Ukraine.
493
This report provides an in-depth analysis of the apricot market in Ukraine.
585
This report provides an in-depth analysis of the virgin olive oil market in Ukraine.
465
This report provides an in-depth analysis of the paint and varnish market in Ukraine.
280
This report provides an in-depth analysis of the olive oil market in Ukraine.
256
This report provides an in-depth analysis of the encased lead pencil market in Ukraine.
247
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Ukraine.
253
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Ukraine.
910
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).
1024
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.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7504
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8587
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
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>
7888
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
11869
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
1621
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.
3387
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
