Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $4,059 per ton in 2022, waning by -22% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 59%. As a result, import price attained the peak level of $5,201 per ton, and then fell sharply in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($12,486 per ton), while the price for the Netherlands ($2,208 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), 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 Denmark (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $9,108 per ton in November 2023, increasing by 4% against the previous month. Overall, export price indicated a moderate increase from November 2022 to November 2023: its price increased at an average monthly rate of +4.2% 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 +11.6% against September 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 63% m-o-m. Over the period under review, the average export prices attained the maximum at $10,314 per ton in August 2023; however, from September 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($16,143 per ton), while the average price for exports to Belgium ($6,449 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 the Netherlands (+11.9%), 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 Denmark
In 2022, approx. 7.5K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Denmark; dropping by -10.2% against the previous year. Overall, imports continue to indicate a significant contraction. The smallest decline of -8.6% was in 2020.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted remarkably to $30M in 2022. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 4.3%. As a result, imports reached the peak of $46M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.6 | 8.9 | 15.9 | 7.9 | -9.3% |
| Netherlands | 6.8 | 6.2 | 7.8 | 7.4 | 2.9% |
| Sweden | 8.2 | 9.1 | 8.6 | 7.0 | -5.1% |
| Poland | 0.9 | 2.0 | 4.0 | 2.1 | 32.6% |
| Italy | 0.7 | 1.0 | 0.8 | 1.2 | 19.7% |
| Austria | 0.5 | 1.5 | 1.5 | 1.0 | 26.0% |
| Spain | 0.9 | 1.2 | 0.6 | 0.6 | -12.6% |
| France | 0.8 | 0.7 | 0.8 | 0.4 | -20.6% |
| United Kingdom | 10.0 | 9.6 | 0.2 | 0.1 | -78.5% |
| China | 1.2 | 0.7 | 0.4 | 0.1 | -56.3% |
| Ireland | 2.0 | 3.4 | N/A | N/A | 70.0% |
| Others | 1.7 | 1.8 | 2.7 | 2.6 | 15.2% |
| Total | 44.2 | 46.1 | 43.3 | 30.4 | -11.7% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Denmark in 2022:
- Netherlands (3367.5 tons)
- Germany (1439.3 tons)
- Poland (899.0 tons)
- Sweden (558.9 tons)
- Austria (280.7 tons)
- Italy (180.9 tons)
- Spain (159.5 tons)
- France (57.1 tons)
- China (30.9 tons)
- United Kingdom (28.6 tons)
- Ireland (0.5 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -35.8% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 35% against the previous year. As a result, the exports reached the peak of 2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank significantly to $5.8M in 2022. Overall, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 34%. As a result, the exports attained the peak of $10M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.5 | 3.1 | 3.2 | 1.5 | 0.0% |
| Norway | 1.4 | 2.1 | 3.5 | 1.4 | 0.0% |
| Germany | 1.5 | 1.3 | 0.8 | 0.9 | -15.7% |
| Poland | 1.1 | 1.5 | 0.7 | 0.7 | -14.0% |
| Netherlands | 0.3 | 0.4 | 0.1 | 0.3 | 0.0% |
| Faroe Islands | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Iceland | 0.5 | 0.3 | 0.5 | 0.2 | -26.3% |
| Others | 1.3 | 1.4 | 1.2 | 0.7 | -18.6% |
| Total | 7.8 | 10.4 | 10.3 | 5.8 | -9.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Denmark in 2022:
- Norway (316.5 tons)
- Sweden (288.4 tons)
- Germany (156.9 tons)
- Poland (118.0 tons)
- Netherlands (102.0 tons)
- Iceland (47.0 tons)
- Faroe Islands (25.4 tons)
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