Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $527 per ton, which is down by -4.9% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2018 an increase of 25%. Over the period under review, average import prices attained the maximum at $1,925 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,938 per ton), while the price for Peru stood at $202 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%).
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,380 per ton, rising by 19% against the previous year. Overall, the export price, however, showed a deep slump. Over the period under review, the average export prices attained the peak figure at $11,186 per ton in 2012; however, from 2013 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 Uruguay ($5,317 per ton), while the average price for exports to Peru ($1,848 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 Peru (-2.5%), while the prices for the other major destinations experienced a decline.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -6.5% to 3.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped to $2M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 37% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 639 | 927 | 819 | 709 | 3.5% |
| India | 264 | 308 | 690 | 420 | 16.7% |
| Others | 632 | 869 | 777 | 904 | 12.7% |
| Total | 1,534 | 2,104 | 2,287 | 2,034 | 9.9% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Chile in 2022:
- Peru (3.5K tons)
- India (0.2K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses exported from Chile contracted markedly to 49 tons, reducing by -48.2% compared with the previous year's figure. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 51%. As a result, the exports attained the peak of 94 tons, and then fell dramatically in the following year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined markedly to $165K in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of $268K, and then declined notably in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 241 | 174 | 249 | 141 | -16.4% |
| Peru | 0.1 | 0.8 | 8.2 | 8.9 | 346.5% |
| Uruguay | 0.3 | N/A | N/A | 6.9 | 184.4% |
| Others | 11.6 | 19.7 | 11.0 | 8.3 | -10.6% |
| Total | 253 | 195 | 268 | 165 | -13.3% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Chile in 2022:
- Argentina (42.0 tons)
- Peru (4.8 tons)
- Uruguay (1.3 tons)
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