Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (FOB) - 2022
In December 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $762 per ton, rising by 47% against the previous month. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $798 per ton in April 2022; however, from May 2022 to December 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($2,496 per ton), while the average price for exports to Thailand ($364 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $519 per ton in 2022, falling by -38.8% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 138%. As a result, import price attained the peak level of $5,333 per ton. From 2014 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 Singapore ($1,500 per ton), while the price for Nigeria ($150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+23.9%), 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 Myanmar
For the fourth year in a row, Myanmar recorded growth in overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which increased by 73% to 35K tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained 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 surged to $22M in 2022. In general, exports, however, continue to indicate a slight decline.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.0 | 5.6 | 7.6 | 12.3 | 20.7% |
| India | 5.7 | 5.9 | 2.0 | 3.7 | -13.4% |
| Bangladesh | 7.3 | 4.3 | 1.2 | 3.1 | -24.8% |
| Thailand | 0.3 | 1.4 | 2.8 | 2.5 | 102.7% |
| Pakistan | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 2.5 | 2.9 | 1.3 | 0.6 | -37.9% |
| Total | 23.1 | 20.5 | 15.2 | 22.3 | -1.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Myanmar in 2022:
- China (24.3K tons)
- India (3.9K tons)
- Thailand (2.7K tons)
- Bangladesh (2.4K tons)
- Pakistan (0.6K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar
In 2022, approx. 2.3K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Myanmar; with an increase of 576% compared with 2021 figures. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses surged to $1.2M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | N/A | N/A | 39.7 | 713 | 1696.0% |
| India | 87.8 | 268 | 167 | 196 | 30.7% |
| Vietnam | N/A | N/A | N/A | 144 | 0% |
| Nigeria | N/A | N/A | N/A | 41.1 | 0% |
| Pakistan | 7.3 | 1.1 | N/A | 38.5 | 74.1% |
| Thailand | 24.2 | 7.5 | 18.1 | 23.3 | -1.3% |
| Others | 83.0 | 97.7 | 66.0 | 46.5 | -17.6% |
| Total | 202 | 374 | 291 | 1,202 | 81.2% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Myanmar in 2022:
- Nepal (1347.6 tons)
- India (320.5 tons)
- Nigeria (273.8 tons)
- Vietnam (249.8 tons)
- Pakistan (82.6 tons)
- Thailand (32.3 tons)
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