Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,012 per ton, waning by -10.8% against the previous year. Over the period under review, the export price saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 67%. As a result, the export price reached the peak level of $1,533 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +7.5% per year.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,289 per ton in 2022, with an increase of 8.5% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 increased by +46.0% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 59%. The import price peaked at $1,528 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +15.1% per year.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia
For the fourth consecutive year, Indonesia recorded growth in shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which increased by 21% to 19K tons in 2022. The total export volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses rose sharply to $19M in 2022. Overall, exports showed a relatively flat trend pattern.
Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 0.1 | N/A | 18.8 | 1271.1% |
Malaysia | 1.9 | 1.5 | 2.0 | N/A | 2.6% |
United States | 1.0 | 0.5 | 0.6 | N/A | -22.5% |
India | 6.9 | 10.5 | 7.8 | N/A | 6.3% |
Singapore | 1.2 | 0.9 | 1.0 | N/A | -8.7% |
Bangladesh | 1.9 | 0.3 | N/A | N/A | -84.2% |
Others | 5.6 | 6.1 | 5.9 | N/A | 2.6% |
Total | 18.5 | 19.8 | 17.4 | 18.8 | 0.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Indonesia in 2022:
- United Arab Emirates (18.6K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia
In 2022, approx. 3.3K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Indonesia; waning by -74.2% compared with the previous year. In general, imports faced a precipitous decrease. The smallest decline of -7.9% was in 2020.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted rapidly to $4.2M in 2022. Overall, imports faced a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 5.7% against the previous year. As a result, imports reached the peak of $24M. From 2021 to 2022, the growth of imports of failed to regain momentum.
Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Indonesia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 0.1 | 0.1 | 4.2 | 548.1% |
Nigeria | 0.7 | 0.6 | 0.5 | N/A | -15.5% |
Thailand | 9.0 | 4.9 | 1.4 | N/A | -60.6% |
China | 4.0 | 4.1 | 0.6 | N/A | -61.3% |
Vietnam | 4.2 | 6.2 | 1.1 | N/A | -48.8% |
India | 2.8 | 4.7 | 9.2 | N/A | 81.3% |
Myanmar | 0.2 | 1.1 | 0.2 | N/A | 0.0% |
Others | 1.8 | 2.4 | 2.0 | N/A | 5.4% |
Total | 22.8 | 24.1 | 15.1 | 4.2 | -43.1% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Indonesia in 2022:
- United Arab Emirates (3.3K tons)
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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).
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.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
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>
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
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
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.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.