Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,488 per ton in 2022, which is down by -3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 25%. Over the period under review, average import prices reached the maximum at $1,653 per ton in 2015; however, from 2016 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 ($2,125 per ton), while the price for Tunisia ($1,320 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,490 per ton, with an increase of 1.6% against the previous year. Over the period under review, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $5,304 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($4,310 per ton), while the average price for exports to the United Arab Emirates ($363 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 France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria
In 2022, approx. 5.3K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Algeria; dropping by -12.8% compared with the year before. Over the period under review, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of 6.1K tons, and then reduced in the following year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted significantly to $7.9M in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $9.4M, and then declined rapidly in the following year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.5 | 2.9 | 3.9 | 5.5 | 30.1% |
| China | 1.9 | 2.3 | 1.9 | 1.2 | -14.2% |
| Tunisia | 1.3 | N/A | 1.3 | 0.4 | -32.5% |
| United Arab Emirates | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Spain | 0.5 | 0.2 | 0.2 | 0.1 | -41.5% |
| Turkey | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Others | 0.4 | 0.7 | 1.8 | 0.5 | 7.7% |
| Total | 7.4 | 6.4 | 9.4 | 7.9 | 2.2% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Algeria in 2022:
- India (4182.6 tons)
- China (560.3 tons)
- Tunisia (340.5 tons)
- United Arab Emirates (60.1 tons)
- Spain (37.7 tons)
- Turkey (13.9 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria
After three years of growth, shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -40.7% to 38 tons in 2022. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 395%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped remarkably to $57K in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 388% against the previous year. As a result, the exports reached the peak of $95K, and then dropped significantly in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | 10.4 | N/A | 27.1 | 61.4% |
| France | 1.8 | 5.6 | 47.1 | 18.1 | 115.8% |
| Canada | 0.1 | 1.5 | 2.9 | 2.8 | 203.7% |
| Luxembourg | 4.2 | 1.6 | 1.8 | 1.1 | -36.0% |
| United Arab Emirates | 0.3 | 0.2 | 1.9 | 0.1 | -30.7% |
| India | N/A | N/A | 37.4 | N/A | 0% |
| Others | 0.9 | 0.1 | 4.0 | 8.2 | 108.9% |
| Total | 7.2 | 19.5 | 95.0 | 57.2 | 99.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Algeria in 2022:
- Morocco (31.5 tons)
- France (4.9 tons)
- Canada (0.8 tons)
- United Arab Emirates (0.3 tons)
- Luxembourg (0.2 tons)
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