Price for Spices; Ginger, Neither Crushed Nor Ground in Norway - 2024
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Norway (CIF) - 2024
- Price for Spices; Ginger, Neither Crushed Nor Ground in Norway (FOB) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Norway
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Norway
Price for Spices; Ginger, Neither Crushed Nor Ground in Norway (CIF) - 2024
In January 2024, the average import price for spices; ginger, neither crushed nor ground amounted to $4,896 per ton, dropping by -6.2% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in March 2023 an increase of 21% against the previous month. The import price peaked at $5,325 per ton in July 2023; however, from August 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Brazil ($6,719 per ton), while the price for Peru ($2,893 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Neither Crushed Nor Ground in Norway (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $216,500 per ton, increasing by 7,378% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -1.7% per year.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Norway
In 2022, supplies from abroad of spices; ginger, neither crushed nor ground decreased by -4.4% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a mild decrease. The pace of growth appeared the most rapid in 2020 with an increase of 11% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; ginger, neither crushed nor ground declined dramatically to $3M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 54%. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,275 | 1,911 | 1,412 | 1,991 | 16.0% |
| Brazil | 130 | 220 | 370 | 889 | 89.8% |
| Peru | 86.8 | 230 | 260 | 101 | 5.2% |
| Others | 1,512 | 2,281 | 2,003 | 38.8 | -70.5% |
| Total | 3,004 | 4,641 | 4,045 | 3,019 | 0.2% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Norway in 2022:
- China (775.1 tons)
- Brazil (286.6 tons)
- Peru (30.7 tons)
Exports of Spices; Ginger, Neither Crushed Nor Ground in Norway
Exports of spices; ginger, neither crushed nor ground from Norway fell remarkably to 2 kg in 2022, dropping by -99.5% compared with the previous year. In general, exports saw a significant decrease. The smallest decline of -40.2% was in 2020.
In value terms, exports of spices; ginger, neither crushed nor ground contracted rapidly to $433 in 2022. Over the period under review, exports saw a precipitous setback. The smallest decline of -38.5% was in 2021.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Norway (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | 433 | 0% |
| Spain | N/A | 73.0 | N/A | N/A | 0% |
| Sweden | 647 | 85.0 | 63.0 | N/A | -68.8% |
| Czech Republic | 1,854 | 1,449 | 1,021 | N/A | -25.8% |
| Netherlands | 694 | 91.0 | 67.0 | N/A | -68.9% |
| Others | 155 | 191 | 10.0 | N/A | -74.6% |
| Total | 3,350 | 1,889 | 1,161 | 433 | -49.4% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Norway in 2022:
- Germany (2.0 kg)
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