Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (FOB) - 2024
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (CIF) - 2024
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (FOB) - 2024
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2,325 per ton in February 2024, shrinking by -26.5% against the previous month. In general, export price indicated a temperate expansion from February 2023 to February 2024: its price increased at an average monthly rate of +3.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2024 figures, export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -26.5% against January 2024 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 57% month-to-month. Over the period under review, the average export prices hit record highs at $3,162 per ton in January 2024, and then dropped markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Panama ($9,310 per ton), while the average price for exports to Argentina ($1,343 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (CIF) - 2024
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,832 per ton in February 2024, which is down by -37.4% against the previous month. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in January 2024 when the average import price increased by 72% against the previous month. As a result, import price reached the peak level of $2,928 per ton, and then dropped remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($2,926 per ton), while the price for Argentina ($985 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Egypt (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil
After three years of growth, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -17.3% to 35K tons in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted rapidly to $41M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 88%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 11.7 | 17.1 | 22.0 | 19.4 | 18.4% |
| United States | 7.6 | 22.1 | 15.1 | 8.3 | 3.0% |
| Argentina | 0.6 | 2.3 | 2.8 | 2.3 | 56.5% |
| Spain | 1.0 | 1.2 | 2.4 | 1.8 | 21.6% |
| Italy | 1.4 | 1.8 | 2.1 | 1.2 | -5.0% |
| United Kingdom | 0.9 | 1.9 | 1.9 | 1.0 | 3.6% |
| Russia | 1.3 | 2.1 | 3.7 | 0.5 | -27.3% |
| Others | 6.1 | 8.9 | 8.3 | 6.3 | 1.1% |
| Total | 30.6 | 57.4 | 58.4 | 40.8 | 10.1% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Brazil in 2022:
- Netherlands (19.6K tons)
- United States (7.8K tons)
- Argentina (2.7K tons)
- Spain (1.3K tons)
- United Kingdom (1.0K tons)
- Italy (0.8K tons)
- Russia (0.2K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil
Imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses into Brazil soared to 4.9K tons in 2022, increasing by 25% on 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $9.5M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,182 | 2,766 | 2,868 | 4,724 | 29.4% |
| Turkey | 1,622 | 2,296 | 1,745 | 1,808 | 3.7% |
| China | 356 | 421 | 549 | 924 | 37.4% |
| Peru | 140 | 970 | 677 | 471 | 49.8% |
| Egypt | 223 | 428 | 692 | 277 | 7.5% |
| Argentina | 152 | 216 | 158 | 202 | 9.9% |
| Indonesia | 30.7 | N/A | 14.5 | 187 | 82.6% |
| Nigeria | 254 | 180 | 32.5 | N/A | -64.2% |
| Others | 1,379 | 1,598 | 701 | 867 | -14.3% |
| Total | 6,339 | 8,875 | 7,438 | 9,460 | 14.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Brazil in 2022:
- India (3181.4 tons)
- Turkey (643.6 tons)
- Peru (293.6 tons)
- Argentina (200.0 tons)
- China (182.0 tons)
- Egypt (156.8 tons)
- Indonesia (131.9 tons)
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