Price for Spices; Ginger, Neither Crushed Nor Ground in Ecuador - 2022
Contents:
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ecuador (FOB) - 2022
- Price for Spices; Ginger, Neither Crushed Nor Ground in Ecuador (CIF) - 2022
- Exports of Spices; Ginger, Neither Crushed Nor Ground in Ecuador
- Imports of Spices; Ginger, Neither Crushed Nor Ground in Ecuador
Price for Spices; Ginger, Neither Crushed Nor Ground in Ecuador (FOB) - 2022
In 2022, the average export price for spices; ginger, neither crushed nor ground amounted to $512 per ton, falling by -45.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 107%. Over the period under review, the average export prices attained the maximum at $943 per ton in 2021, and then reduced dramatically in the following year.
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 the United States ($948 per ton), while the average price for exports to Colombia ($204 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 the Dominican Republic (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Ginger, Neither Crushed Nor Ground in Ecuador (CIF) - 2022
In 2022, the average import price for spices; ginger, neither crushed nor ground amounted to $5,802 per ton, picking up by 2.6% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2014 when the average import price increased by 99%. As a result, import price attained the peak level of $17,121 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($10,867 per ton), while the price for Peru ($2,785 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+459.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Ginger, Neither Crushed Nor Ground in Ecuador
In 2022, exports of spices; ginger, neither crushed nor ground from Ecuador surged to 1.9K tons, growing by 39% against the year before. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 177% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; ginger, neither crushed nor ground shrank rapidly to $963K in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 317% against the previous year.
| Export of Spices; Ginger, Neither Crushed Nor Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.2 | 277 | 611 | 710 | 110.4% |
| Colombia | 14.4 | 53.9 | 119 | 225 | 150.0% |
| Dominican Republic | N/A | 83.0 | 402 | N/A | 384.3% |
| Others | 83.0 | 309 | 141 | 27.4 | -30.9% |
| Total | 174 | 723 | 1,273 | 963 | 76.9% |
Top Export Markets for Spices; Ginger, Neither Crushed Nor Ground from Ecuador in 2022:
- Colombia (1102.9 tons)
- United States (748.9 tons)
Imports of Spices; Ginger, Neither Crushed Nor Ground in Ecuador
Imports of spices; ginger, neither crushed nor ground into Ecuador surged to 8.2 tons in 2022, with an increase of 306% compared with 2021. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; ginger, neither crushed nor ground skyrocketed to $47K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Ginger, Neither Crushed Nor Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 2.0 | 0.8 | 1.4 | 12.0 | 81.7% |
| Italy | 1.3 | 2.7 | 3.8 | 10.0 | 97.4% |
| Spain | N/A | N/A | 1.0 | 6.7 | 570.0% |
| United States | 0.3 | 0.3 | 0.4 | 2.1 | 91.3% |
| Others | 1.3 | 2.7 | 4.8 | 16.7 | 134.2% |
| Total | 4.8 | 6.4 | 11.4 | 47.5 | 114.7% |
Top Suppliers of Spices; Ginger, Neither Crushed Nor Ground to Ecuador in 2022:
- Peru (4.3 tons)
- Italy (2.1 tons)
- Spain (0.6 tons)
- United States (0.3 tons)
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