Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,958 per ton, with a decrease of -2.5% against the previous year. Over the period under review, the import price recorded a slight slump. The pace of growth was the most pronounced in 2016 when the average import price increased by 19% against the previous year. The import price peaked at $4,820 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($6,954 per ton), while the price for China ($1,469 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (FOB) - 2023
In November 2023, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $6,107 per ton, jumping by 32% against the previous month. Overall, export price indicated modest growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses increased by +125.9% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 35% month-to-month. The export price peaked at $6,517 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the Netherlands ($8,434 per ton), while the average price for exports to Russia ($3,809 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.0%), 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 Belgium
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -10.2% to 17K 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 +7.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted to $65M in 2022. The total import value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 31.4 | 36.5 | 40.4 | 34.7 | 3.4% |
| Germany | 5.3 | 7.6 | 10.1 | 7.8 | 13.7% |
| France | 4.7 | 5.4 | 6.7 | 6.0 | 8.5% |
| Spain | 3.3 | 4.4 | 5.2 | 4.3 | 9.2% |
| India | 1.2 | 2.6 | 3.3 | 3.8 | 46.8% |
| China | 0.9 | 0.6 | 0.8 | 1.2 | 10.1% |
| Poland | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Others | 5.6 | 7.1 | 7.3 | 6.9 | 7.2% |
| Total | 52.5 | 64.3 | 74.6 | 65.3 | 7.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Belgium in 2022:
- Netherlands (9.2K tons)
- France (2.2K tons)
- Germany (1.5K tons)
- India (0.8K tons)
- China (0.8K tons)
- Spain (0.7K tons)
- Poland (0.3K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium
After three years of growth, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -29.4% to 5.1K tons in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 67% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell sharply to $25M in 2022. Overall, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3.7 | 4.2 | 8.8 | 7.4 | 26.0% |
| Netherlands | 3.1 | 8.0 | 10.7 | 5.4 | 20.3% |
| United Kingdom | 3.3 | 5.3 | 5.0 | 3.3 | 0.0% |
| Germany | 1.1 | 2.0 | 3.1 | 2.8 | 36.5% |
| Poland | 0.1 | N/A | 0.9 | 1.1 | 122.4% |
| Luxembourg | 0.8 | 1.2 | 1.2 | 1.1 | 11.2% |
| Ireland | 0.3 | 0.4 | 0.9 | 0.6 | 26.0% |
| Sweden | 0.5 | 0.5 | 0.2 | 0.2 | -26.3% |
| Russia | 0.2 | 0.3 | 0.2 | 0.1 | -20.6% |
| Others | 2.5 | 3.2 | 3.3 | 2.7 | 2.6% |
| Total | 15.6 | 25.1 | 34.4 | 24.7 | 16.6% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Belgium in 2022:
- Netherlands (1333.9 tons)
- France (1313.8 tons)
- United Kingdom (799.9 tons)
- Germany (428.4 tons)
- Luxembourg (237.0 tons)
- Poland (203.7 tons)
- Ireland (109.3 tons)
- Sweden (71.8 tons)
- Russia (40.6 tons)
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