Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,254 per ton in December 2023, reducing by -14.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 17% against the previous month. The import price peaked at $4,080 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($6,375 per ton), while the price for China ($2,265 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Peru (+3.5%), 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 Canada (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,945 per ton in December 2023, with a decrease of -5.1% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 when the average export price increased by 21% month-to-month. The export price peaked at $4,156 per ton in November 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,985 per ton), while the average price for exports to Vietnam ($2,524 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada
In 2022, after three years of growth, there was decline in supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -0.7% to 33K tons. The total import volume increased at an average annual rate of +6.7% 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 13% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced to $96M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; 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 25%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.2 | 31.1 | 35.1 | 28.0 | 5.0% |
| India | 10.1 | 12.0 | 16.1 | 17.1 | 19.2% |
| Peru | 3.9 | 7.7 | 7.5 | 8.5 | 29.7% |
| United States | 4.9 | 6.1 | 7.2 | 7.0 | 12.6% |
| Pakistan | 3.6 | 4.9 | 4.7 | 5.7 | 16.6% |
| Turkey | 3.0 | 3.1 | 3.7 | 4.1 | 11.0% |
| Others | 21.5 | 23.8 | 27.1 | 25.4 | 5.7% |
| Total | 71.3 | 88.8 | 101 | 95.7 | 10.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Canada in 2022:
- China (16.1K tons)
- India (4.8K tons)
- Peru (4.4K tons)
- United States (1.0K tons)
- Turkey (0.8K tons)
- Pakistan (0.7K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -2.3% to 2.1K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4.4%. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced modestly to $7.7M in 2022. The total export value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of $7.8M, and then declined in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.4 | 3.4 | 4.9 | 4.2 | 7.3% |
| Jamaica | 0.7 | 0.7 | 1.0 | 1.1 | 16.3% |
| Trinidad and Tobago | 0.6 | 0.4 | 0.6 | 0.8 | 10.1% |
| France | 0.5 | 1.1 | 0.5 | 0.7 | 11.9% |
| Barbados | 0.7 | 0.5 | 0.4 | 0.3 | -24.6% |
| Others | 0.5 | 0.5 | 0.3 | 0.6 | 6.3% |
| Total | 6.5 | 6.7 | 7.8 | 7.7 | 5.8% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Canada in 2022:
- United States (921.3 tons)
- Jamaica (335.8 tons)
- France (281.1 tons)
- Trinidad and Tobago (243.7 tons)
- Barbados (108.0 tons)
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