Price for Spices; Ginger, Neither Crushed Nor Ground in Libya - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Libya (CIF) - 2022
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Libya
Price for Spices; Ginger, Neither Crushed Nor Ground in Libya (CIF) - 2022
The average import price for spices; ginger, neither crushed nor ground stood at $2,240 per ton in 2022, falling by -5.7% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; ginger, neither crushed nor ground decreased by -24.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $2,981 per ton in 2020; however, from 2021 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 China ($2,613 per ton), while the price for Nigeria ($1,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Ginger, Neither Crushed Nor Ground in Libya
In 2022, approx. 481 tons of spices; ginger, neither crushed nor ground were imported into Libya; increasing by 75% against the previous year. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 114% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of spices; ginger, neither crushed nor ground soared to $1.1M in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 199% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Libya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 155 | 620 | 63.5 | 494 | 47.2% |
| India | 55.3 | 119 | 457 | 404 | 94.0% |
| United Arab Emirates | 89.3 | 177 | 97.9 | 120 | 10.4% |
| Nigeria | N/A | N/A | N/A | 35.1 | 0% |
| Turkey | 25.8 | 33.0 | 33.8 | 22.0 | -5.2% |
| Others | 0.3 | 24.9 | N/A | 2.8 | 110.5% |
| Total | 326 | 974 | 653 | 1,078 | 49.0% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Libya in 2022:
- India (205.9 tons)
- China (189.0 tons)
- United Arab Emirates (52.3 tons)
- Nigeria (24.0 tons)
- Turkey (9.9 tons)
449
This report provides an in-depth analysis of the ginger market in Libya.
25
This report provides an in-depth analysis of the market for spices except pepper or ginger in Libya.
458
This report provides an in-depth analysis of the market for dog and cat food in Libya.
469
This report provides an in-depth analysis of the apricot market in Libya.
1020
This report provides an in-depth analysis of the virgin olive oil market in Libya.
419
This report provides an in-depth analysis of the paint and varnish market in Libya.
400
This report provides an in-depth analysis of the olive oil market in Libya.
189
This report provides an in-depth analysis of the encased lead pencil market in Libya.
271
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Libya.
306
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in Libya.
925
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).
1028
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.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7509
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8593
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
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>
7889
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
11872
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
1624
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.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
