Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $5,183 per ton in February 2022, growing by 8.4% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2021 an increase of 17% m-o-m. As a result, the export price attained the peak level of $5,317 per ton. From November 2021 to February 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In February 2022, the country with the highest price was the United States ($5,301 per ton), while the average price for exports to Canada amounted to $4,136 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.2%).
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,497 per ton in 2022, standing approx. at the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -19.7% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 69%. As a result, import price reached the peak level of $1,865 per ton. From 2020 to 2022, the average 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 the United States ($9,814 per ton), while the price for Ecuador ($566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+10.0%), 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 Colombia
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses exported from Colombia dropped to 1.4K tons, falling by -11.8% against the previous year. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of 1.6K tons, and then shrank in the following year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined to $6.7M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of $7.7M, and then fell in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 5.0 | 6.7 | 5.8 | 1.2% |
| Canada | 0.6 | 0.6 | 0.7 | 0.6 | 0.0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 6.4 | 5.8 | 7.7 | 6.7 | 1.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Colombia in 2022:
- United States (1132.8 tons)
- Canada (157.7 tons)
- Saudi Arabia (42.5 tons)
- United Kingdom (31.7 tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia
In 2022, after three years of growth, there was significant decline in supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -11.2% to 1.6K tons. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank to $2.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 36%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 441 | 405 | 599 | 567 | 8.7% |
| Peru | 81.1 | 430 | 422 | 420 | 73.0% |
| Ecuador | 28.4 | 74.4 | 132 | 316 | 123.2% |
| Egypt | 42.6 | 173 | 188 | 187 | 63.7% |
| Spain | 62.3 | 92.3 | 172 | 172 | 40.3% |
| United States | 316 | 317 | 561 | 169 | -18.8% |
| Turkey | 106 | 112 | 86.5 | 47.9 | -23.3% |
| China | 138 | 102 | 91.4 | 26.6 | -42.2% |
| Others | 286 | 345 | 344 | 417 | 13.4% |
| Total | 1,502 | 2,049 | 2,596 | 2,322 | 15.6% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Colombia in 2022:
- Ecuador (559.5 tons)
- Peru (401.2 tons)
- India (355.0 tons)
- Egypt (89.6 tons)
- Turkey (28.5 tons)
- Spain (28.4 tons)
- United States (17.2 tons)
- China (11.0 tons)
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