Price for Spices; Ginger, Crushed or Ground in Belgium - 2023
Contents:
- Price for Spices; Ginger, Crushed or Ground in Belgium (CIF) - 2022
- Price for Spices; Ginger, Crushed or Ground in Belgium (FOB) - 2023
- Imports of Spices; Ginger, Crushed or Ground in Belgium
- Exports of Spices; Ginger, Crushed or Ground in Belgium
Price for Spices; Ginger, Crushed or Ground in Belgium (CIF) - 2022
In 2022, the average import price for spices; ginger, crushed or ground amounted to $2,232 per ton, with an increase of 25% against the previous year. Overall, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. The import price peaked at $3,382 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($5,917 per ton), while the price for Cameroon ($180 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Ginger, Crushed or Ground in Belgium (FOB) - 2023
The average export price for spices; ginger, crushed or ground stood at $1,974 per ton in June 2023, declining by -15.1% against the previous month. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 44% m-o-m. Over the period under review, the average export prices reached the maximum at $2,901 per ton in November 2022; however, from December 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($5,094 per ton), while the average price for exports to France ($1,103 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Ginger, Crushed or Ground in Belgium
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; ginger, crushed or ground, when their volume decreased by -14.5% to 1.1K tons. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of 1.3K tons, and then shrank in the following year.
In value terms, spices; ginger, crushed or ground imports rose notably to $2.5M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices; Ginger, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 700 | 476 | 674 | 1,045 | 14.3% |
| Netherlands | 518 | 347 | 602 | 658 | 8.3% |
| India | 45.6 | 111 | 342 | 363 | 99.7% |
| Germany | 30.1 | 56.4 | 362 | 81.4 | 39.3% |
| Spain | 51.1 | 72.9 | 116 | 51.8 | 0.5% |
| Cote d'Ivoire | N/A | 107 | 70.7 | 38.2 | -40.2% |
| Cameroon | 0.2 | 2.8 | 3.6 | 4.5 | 182.3% |
| Others | 84.3 | 177 | 183 | 270 | 47.4% |
| Total | 1,429 | 1,350 | 2,354 | 2,512 | 20.7% |
Top Suppliers of Spices; Ginger, Crushed or Ground to Belgium in 2022:
- China (691.6 tons)
- Cote d'Ivoire (147.3 tons)
- Netherlands (111.2 tons)
- India (66.4 tons)
- Cameroon (25.0 tons)
- Germany (21.0 tons)
- Spain (10.0 tons)
Exports of Spices; Ginger, Crushed or Ground in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of spices; ginger, crushed or ground, which increased by 41% to 770 tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 69%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; ginger, crushed or ground exports skyrocketed to $2.1M in 2022. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Ginger, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 83.7 | 279 | 369 | 635 | 96.5% |
| Netherlands | 128 | 291 | 367 | 376 | 43.2% |
| Germany | 60.2 | 132 | 196 | 220 | 54.0% |
| United Kingdom | 175 | 170 | 197 | 153 | -4.4% |
| Sweden | 207 | 30.4 | 44.4 | 123 | -15.9% |
| Ireland | 2.4 | 9.8 | 61.2 | 90.4 | 235.2% |
| Poland | 1.2 | 12.3 | 35.1 | 84.4 | 312.8% |
| Denmark | 2.8 | 11.3 | 42.0 | 79.9 | 205.6% |
| Italy | 21.7 | 1.2 | 13.1 | 54.7 | 36.1% |
| China | N/A | N/A | N/A | 53.3 | 0% |
| Spain | 2.0 | 14.1 | 16.8 | 42.1 | 176.1% |
| Finland | 2.6 | 1.1 | 16.2 | 28.1 | 121.1% |
| Others | 29.9 | 64.0 | 86.3 | 132 | 64.0% |
| Total | 717 | 1,017 | 1,445 | 2,071 | 42.4% |
Top Export Markets for Spices; Ginger, Crushed or Ground from Belgium in 2022:
- France (297.9 tons)
- Netherlands (126.6 tons)
- Germany (53.9 tons)
- China (48.2 tons)
- Sweden (46.1 tons)
- United Kingdom (39.4 tons)
- Poland (30.7 tons)
- Ireland (26.2 tons)
- Denmark (23.5 tons)
- Spain (16.6 tons)
- Italy (16.2 tons)
- Finland (11.9 tons)
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