Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $4,989 per ton in 2022, reducing by -15.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 24% against the previous year. The import price peaked at $5,951 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 France ($10,170 per ton), while the price for Belgium ($1,820 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), 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 Portugal (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $9,105 per ton in 2022, which is down by -18.7% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 61%. The export price peaked at $43,790 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($12,842 per ton), while the average price for exports to Germany ($3,341 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal
Imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses into Portugal soared to 5.3K tons in 2022, growing by 20% compared with the year before. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 stood at $27M in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 13.5 | 17.6 | 17.9 | 18.4 | 10.9% |
| France | 2.1 | 2.6 | 2.7 | 2.2 | 1.6% |
| Netherlands | 1.1 | 1.2 | 1.5 | 1.6 | 13.3% |
| Germany | 0.8 | 1.2 | 1.4 | 1.6 | 26.0% |
| Italy | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| India | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Belgium | 0.3 | 0.6 | 0.3 | 0.2 | -12.6% |
| United Kingdom | 0.6 | 0.7 | 0.2 | 0.1 | -45.0% |
| Others | 1.5 | 1.5 | 1.9 | 1.8 | 6.3% |
| Total | 20.1 | 25.6 | 26.2 | 26.5 | 9.7% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Portugal in 2022:
- Spain (3725.9 tons)
- Netherlands (616.6 tons)
- Germany (225.0 tons)
- France (211.6 tons)
- Italy (167.2 tons)
- India (87.4 tons)
- Belgium (84.3 tons)
- United Kingdom (7.5 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Portugal
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -2.4% to 606 tons, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -5.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 89%. As a result, the exports attained the peak of 644 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined sharply to $5.5M in 2022. In general, exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2020 when exports increased by 23%. As a result, the exports reached the peak of $7M. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,589 | 2,127 | 1,682 | 1,520 | -1.5% |
| Kuwait | 1,055 | 865 | 857 | 552 | -19.4% |
| Japan | 361 | 320 | 386 | 433 | 6.2% |
| Germany | 283 | 1,061 | 876 | 385 | 10.8% |
| Angola | 365 | 753 | 408 | 360 | -0.5% |
| Singapore | 344 | 91.8 | 157 | 324 | -2.0% |
| France | 85.3 | 183 | 680 | 224 | 38.0% |
| Saudi Arabia | 345 | 301 | 296 | 222 | -13.7% |
| Cabo Verde | 210 | 295 | 257 | 196 | -2.3% |
| Taiwan (Chinese) | 164 | 77.6 | 215 | 57.8 | -29.4% |
| Luxembourg | 34.6 | 37.0 | 34.9 | 46.5 | 10.4% |
| Belgium | 40.7 | 22.3 | 42.4 | 19.4 | -21.9% |
| Others | 855 | 908 | 1,065 | 1,182 | 11.4% |
| Total | 5,729 | 7,043 | 6,956 | 5,521 | -1.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Portugal in 2022:
- Spain (119.8 tons)
- Germany (115.1 tons)
- Angola (56.7 tons)
- Kuwait (53.6 tons)
- Japan (43.6 tons)
- Cabo Verde (37.0 tons)
- France (33.9 tons)
- Singapore (31.4 tons)
- Saudi Arabia (19.9 tons)
- Luxembourg (19.0 tons)
- Taiwan (Chinese) (5.8 tons)
- Belgium (5.0 tons)
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