Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $6,827 per ton in November 2023, increasing by 2.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.9%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 19% m-o-m. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($17,394 per ton), while the price for Syrian Arab Republic ($1,076 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.5%), 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 Romania (FOB) - 2023
In November 2023, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $8,990 per ton, surging by 25% against the previous month. Overall, the export price saw a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $9,380 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($23,053 per ton), while the average price for exports to Belgium ($4,941 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 Czech Republic (+3.9%), 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 Romania
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses imported into Romania totaled 2.7K tons, therefore, remained relatively stable against 2021 figures. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 2.7% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank to $12M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 9.7%.
Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3.1 | 3.2 | 3.6 | 2.9 | -2.2% |
Czech Republic | 1.5 | 1.5 | 1.4 | 1.4 | -2.3% |
Poland | 1.3 | 1.5 | 1.4 | 1.4 | 2.5% |
Hungary | 0.4 | 1.1 | 1.4 | 1.4 | 51.8% |
Turkey | 1.1 | 1.0 | 1.2 | 1.0 | -3.1% |
Netherlands | 0.8 | 1.2 | 1.0 | 1.0 | 7.7% |
Austria | 0.9 | 0.9 | 1.1 | 0.8 | -3.9% |
Latvia | 0.2 | 0.2 | 0.4 | 0.5 | 35.7% |
China | 0.5 | 0.5 | 0.3 | 0.1 | -41.5% |
Others | 1.3 | 1.1 | 1.4 | 1.3 | 0.0% |
Total | 11.1 | 12.2 | 13.3 | 11.7 | 1.8% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Romania in 2022:
- Germany (495.4 tons)
- Netherlands (464.7 tons)
- Hungary (408.9 tons)
- Czech Republic (250.3 tons)
- Turkey (196.3 tons)
- Poland (178.4 tons)
- Latvia (153.5 tons)
- Austria (145.5 tons)
- China (67.1 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania
In 2022, shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -9% to 899 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 4.5%. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced remarkably to $6.5M in 2022. Over the period under review, exports, however, continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year.
Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Romania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,458 | 1,494 | 1,758 | 1,171 | -7.0% |
Italy | 529 | 623 | 972 | 769 | 13.3% |
Spain | 769 | 1,093 | 935 | 767 | -0.1% |
United Kingdom | 682 | 1,337 | 647 | 678 | -0.2% |
Czech Republic | 370 | 539 | 629 | 658 | 21.2% |
Poland | 1,001 | 388 | 541 | 558 | -17.7% |
Bulgaria | 330 | 294 | 352 | 387 | 5.5% |
France | 251 | 398 | 679 | 376 | 14.4% |
Croatia | 189 | 207 | 231 | 225 | 6.0% |
Cyprus | 205 | 134 | 217 | 215 | 1.6% |
Hungary | 93.8 | 302 | 235 | 131 | 11.8% |
Belgium | 173 | 194 | 64.3 | 98.3 | -17.2% |
Others | 241 | 348 | 605 | 445 | 22.7% |
Total | 6,292 | 7,349 | 7,866 | 6,478 | 1.0% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Romania in 2022:
- Spain (139.5 tons)
- Czech Republic (120.6 tons)
- Poland (102.7 tons)
- Italy (89.9 tons)
- Germany (77.8 tons)
- Bulgaria (71.8 tons)
- France (57.5 tons)
- Cyprus (44.6 tons)
- Croatia (38.6 tons)
- United Kingdom (37.4 tons)
- Belgium (29.2 tons)
- Hungary (26.6 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.