Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,581 per ton, increasing by 34% against the previous year. Over the period under review, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Syrian Arab Republic ($4,770 per ton), while the price for Nigeria ($1,947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.1%), 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 Egypt (FOB) - 2023
In November 2023, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $5,393 per ton, with an increase of 41% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In November 2023, the highest price was recorded for prices to Libya ($6,280 per ton) and Saudi Arabia ($5,354 per ton), while the average price for exports to Turkey ($5,042 per ton) and Nigeria ($5,042 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+4.0%), 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 Egypt
For the third consecutive year, Egypt recorded decline in supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which decreased by -39.2% to 5K tons in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The smallest decline of -5.6% was in 2020.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank significantly to $13M in 2022. Overall, imports showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 5.5 | 5.8 | 5.0 | 5.2% |
| China | 3.8 | 4.2 | 2.1 | 2.4 | -14.2% |
| Syrian Arab Republic | N/A | N/A | N/A | 2.0 | 0% |
| Nigeria | 1.7 | 2.8 | 3.0 | 1.2 | -11.0% |
| Turkey | 0.9 | 0.3 | 0.5 | 0.6 | -12.6% |
| Ethiopia | 1.2 | 1.2 | 0.6 | 0.6 | -20.6% |
| Tunisia | 1.4 | 0.5 | 0.4 | 0.1 | -58.5% |
| Others | 1.2 | 2.1 | 3.4 | 0.8 | -12.6% |
| Total | 14.4 | 16.6 | 15.7 | 12.8 | -3.9% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Egypt in 2022:
- India (2156.0 tons)
- China (1169.5 tons)
- Nigeria (605.5 tons)
- Syrian Arab Republic (426.5 tons)
- Ethiopia (269.1 tons)
- Turkey (135.5 tons)
- Tunisia (16.9 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt
After three years of growth, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -21.7% to 2K tons in 2022. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +9.5% 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 +31.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell to $5.9M in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 55%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 185 | 776 | 901 | 1,345 | 93.7% |
| Germany | 175 | 626 | 393 | 589 | 49.9% |
| Poland | 12.3 | 5.2 | 290 | 582 | 261.7% |
| Italy | N/A | N/A | N/A | 500 | 0% |
| Morocco | 237 | 147 | 738 | 412 | 20.2% |
| Saudi Arabia | 930 | 1,194 | 747 | 368 | -26.6% |
| Nigeria | 10.2 | 19.1 | 215 | 315 | 213.7% |
| Australia | 61.4 | 20.9 | 1.4 | 245 | 58.6% |
| Algeria | 16.9 | 252 | 569 | 230 | 138.8% |
| Spain | 35.9 | 29.9 | N/A | 159 | 64.2% |
| Tunisia | 1.9 | 20.1 | 21.5 | 77.8 | 244.7% |
| Libya | 255 | 64.0 | N/A | 58.3 | -38.9% |
| Others | 819 | 1,102 | 2,655 | 975 | 6.0% |
| Total | 2,740 | 4,256 | 6,532 | 5,858 | 28.8% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Egypt in 2022:
- United States (628.8 tons)
- Germany (303.8 tons)
- Algeria (166.1 tons)
- Saudi Arabia (163.8 tons)
- Poland (132.3 tons)
- Morocco (88.9 tons)
- Italy (88.4 tons)
- Nigeria (74.3 tons)
- Australia (57.9 tons)
- Tunisia (47.8 tons)
- Spain (36.4 tons)
- Libya (11.4 tons)
1331
This report provides an in-depth analysis of the ginger market in Egypt.
85
This report provides an in-depth analysis of the market for spices except pepper or ginger in Egypt.
571
This report provides an in-depth analysis of the market for dog and cat food in Egypt.
1002
This report provides an in-depth analysis of the apricot market in Egypt.
1408
This report provides an in-depth analysis of the virgin olive oil market in Egypt.
1101
This report provides an in-depth analysis of the paint and varnish market in Egypt.
423
This report provides an in-depth analysis of the olive oil market in Egypt.
305
This report provides an in-depth analysis of the encased lead pencil market in Egypt.
328
This report provides an in-depth analysis of the assembled clock movements market in Egypt.
405
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Egypt.
921
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1027
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
785
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7507
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8590
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7888
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11870
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1623
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
