Price for Spices; Ginger, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Ginger, Crushed or Ground in Greece
- Exports of Spices; Ginger, Crushed or Ground in Greece
Price for Spices; Ginger, Crushed or Ground in Greece (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $4,224 per ton, declining by -34.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. As a result, import price reached the peak level of $6,485 per ton, and then dropped notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($24,595 per ton), while the price for India ($2,296 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Greece (FOB) - 2022
The average export price for spices; ginger, crushed or ground stood at $5,848 per ton in 2022, which is down by -1.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 182%. As a result, the export price attained the peak level of $9,688 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
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 Italy ($23,237 per ton), while the average price for exports to Hungary ($2,322 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 Singapore (+125.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Greece
Spices; ginger, crushed or ground imports into Greece soared to 50 tons in 2022, increasing by 70% against the previous year. In general, imports recorded resilient growth. The growth pace was the most rapid in 2020 with an increase of 78%. As a result, imports attained the peak of 55 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; ginger, crushed or ground imports rose rapidly to $211K in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 increased by +64.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Ginger, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.9 | 77.1 | 91.3 | 50.9 | 18.1% |
| India | 40.5 | 57.2 | 25.8 | 50.5 | 7.6% |
| China | 18.9 | 53.8 | 43.5 | 43.4 | 31.9% |
| Germany | 18.1 | 9.8 | 16.8 | 20.9 | 4.9% |
| Netherlands | 0.9 | 0.1 | 0.6 | 13.4 | 146.0% |
| Spain | N/A | N/A | N/A | 11.6 | 0% |
| Bulgaria | 2.8 | 3.8 | 1.4 | 8.8 | 46.5% |
| Others | 15.7 | 6.9 | 11.4 | 11.4 | -10.1% |
| Total | 128 | 209 | 191 | 211 | 18.1% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Greece in 2022:
- India (22.0 tons)
- China (13.2 tons)
- Netherlands (3.8 tons)
- Spain (3.1 tons)
- Bulgaria (2.4 tons)
- France (2.1 tons)
- Germany (1.8 tons)
Exports of Spices; Ginger, Crushed or Ground in Greece
In 2022, the amount of spices; ginger, crushed or ground exported from Greece soared to 3.4 tons, growing by 20% compared with the previous year. In general, exports, however, continue to indicate a dramatic decline.
In value terms, spices; ginger, crushed or ground exports soared to $20K in 2022. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Spices; Ginger, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 0.2 | 1.4 | 6.9 | 7.6 | 236.2% |
| Singapore | N/A | N/A | 0.4 | 4.2 | 950.0% |
| Netherlands | 1.2 | 2.3 | 1.7 | 1.8 | 14.5% |
| Bulgaria | 11.9 | 1.2 | 1.5 | 1.6 | -48.8% |
| Germany | 10.4 | 1.8 | 1.2 | 1.5 | -47.6% |
| Malta | 0.4 | 0.6 | N/A | 0.5 | 7.7% |
| Hungary | N/A | N/A | N/A | 0.2 | 0% |
| Ireland | 0.2 | 2.6 | 1.0 | N/A | 123.6% |
| Others | 2.5 | 4.2 | 4.1 | 2.3 | -2.7% |
| Total | 26.8 | 14.1 | 16.8 | 19.7 | -9.8% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Greece in 2022:
- Cyprus (1963.0 kg)
- Bulgaria (400.0 kg)
- Netherlands (252.0 kg)
- Singapore (206.0 kg)
- Germany (132.0 kg)
- Malta (125.0 kg)
- Hungary (93.0 kg)
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