Spices; Turmeric (Curcuma) Price in the Dominican Republic - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in the Dominican Republic (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in the Dominican Republic (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in the Dominican Republic
- Spices; Turmeric (Curcuma) Exports in the Dominican Republic
Spices; Turmeric (Curcuma) Price in the Dominican Republic (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $2,724 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of 24% against the previous year. As a result, import price attained the peak level of $4,227 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Colombia ($50,453 per ton), while the price for India ($1,391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+31.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in the Dominican Republic (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $1,032 per ton in 2022, declining by -16.7% against the previous year. In general, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2019 when the average export price decreased by -6.6% against the previous year. Over the period under review, the average export prices hit record highs at $8,207 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Haiti.
From 2012 to 2022, the rate of growth in terms of prices for Haiti amounted to -18.5% per year.
Spices; Turmeric (Curcuma) Imports in the Dominican Republic
In 2022, overseas purchases of spices; turmeric (curcuma) decreased by -1.4% to 137 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year.
In value terms, spices; turmeric (curcuma) imports contracted slightly to $372K in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports reached the peak of $385K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Turmeric (Curcuma) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 77.8 | 102 | 136 | 150 | 24.5% |
| India | 83.8 | 96.9 | 125 | 62.8 | -9.2% |
| United States | 70.5 | 107 | 50.3 | 57.8 | -6.4% |
| Guatemala | 44.9 | 29.3 | 33.7 | 55.3 | 7.2% |
| Spain | 19.5 | 31.6 | 15.6 | 10.4 | -18.9% |
| Uruguay | 20.7 | N/A | N/A | N/A | 0% |
| Others | 18.3 | 18.6 | 18.5 | 36.1 | 25.4% |
| Total | 336 | 385 | 379 | 372 | 3.5% |
Top Suppliers of Spices; Turmeric (Curcuma) to the Dominican Republic in 2022:
- Peru (52.5 tons)
- India (45.1 tons)
- Guatemala (17.9 tons)
- United States (16.8 tons)
- Spain (0.9 tons)
Spices; Turmeric (Curcuma) Exports in the Dominican Republic
For the fourth year in a row, the Dominican Republic recorded growth in shipments abroad of spices; turmeric (curcuma), which increased by 206% to 31 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) exports skyrocketed to $32K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 4.7 | 7.7 | 12.3 | 31.5 | 88.5% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 4.9 | 7.8 | 12.4 | 31.7 | 86.3% |
Top Export Markets for Spices; Turmeric (Curcuma) from the Dominican Republic in 2022:
- Haiti (30.5 tons)
844
This report provides an in-depth analysis of the ginger market in the Dominican Republic.
60
This report provides an in-depth analysis of the market for spices except pepper or ginger in the Dominican Republic.
305
This report provides an in-depth analysis of the market for dog and cat food in the Dominican Republic.
588
This report provides an in-depth analysis of the apricot market in the Dominican Republic.
477
This report provides an in-depth analysis of the virgin olive oil market in the Dominican Republic.
483
This report provides an in-depth analysis of the paint and varnish market in the Dominican Republic.
240
This report provides an in-depth analysis of the olive oil market in the Dominican Republic.
281
This report provides an in-depth analysis of the encased lead pencil market in the Dominican Republic.
249
This report provides an in-depth analysis of the diphosphorus pentaoxide market in the Dominican Republic.
288
This report provides an in-depth analysis of the market for glass rear-view vehicle mirror in the Dominican Republic.
894
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).
1007
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.
777
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7488
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8577
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1374
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>
7872
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
11855
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
1616
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.
3378
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
