Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa (FOB) - 2024
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa (FOB) - 2024
In January 2024, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,754 per ton, increasing by 2.1% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 22% m-o-m. Over the period under review, the average export prices reached the maximum at $3,281 per ton in September 2023; however, from October 2023 to January 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Botswana ($3,287 per ton), while the average price for exports to Zambia ($1,461 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+2.1%), 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 South Africa (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,765 per ton, with a decrease of -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, average import prices attained the peak figure at $1,913 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($2,634 per ton), while the price for Mozambique ($813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.2%), 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 South Africa
In 2022, approx. 23K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from South Africa; surging by 6.2% against the previous year's figure. The total export volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 reached $68M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Botswana | 14.4 | 15.0 | 16.5 | 15.5 | 2.5% |
| Namibia | 11.2 | 9.9 | 11.7 | 11.6 | 1.2% |
| Swaziland | 7.2 | 6.9 | 9.0 | 8.7 | 6.5% |
| Lesotho | 7.0 | 6.6 | 7.1 | 6.9 | -0.5% |
| Zambia | 4.8 | 4.8 | 5.0 | 5.0 | 1.4% |
| Mozambique | 3.5 | 2.8 | 4.9 | 4.8 | 11.1% |
| Nigeria | 0.1 | 0.6 | 1.2 | 1.6 | 152.0% |
| Angola | 1.8 | 0.9 | 0.1 | 0.5 | -34.8% |
| Others | 10.8 | 9.9 | 11.9 | 13.3 | 7.2% |
| Total | 60.8 | 57.3 | 67.5 | 67.8 | 3.7% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from South Africa in 2022:
- Botswana (4.6K tons)
- Namibia (4.5K tons)
- Swaziland (3.4K tons)
- Lesotho (2.5K tons)
- Zambia (1.9K tons)
- Mozambique (1.7K tons)
- Nigeria (0.8K tons)
- Angola (0.2K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in South Africa
In 2022, supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -6% to 13K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 40%. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank to $23M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, 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 48%. As a result, imports attained the peak of $26M. 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 South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.8 | 13.0 | 12.9 | 14.5 | 10.3% |
| Nigeria | 0.9 | 3.0 | 2.3 | 1.6 | 21.1% |
| China | 1.5 | 3.6 | 3.1 | 1.4 | -2.3% |
| Turkey | 0.8 | 0.9 | 1.1 | 1.0 | 7.7% |
| Pakistan | 0.8 | 1.1 | 0.9 | 0.7 | -4.4% |
| Egypt | 0.1 | 0.2 | 0.7 | 0.6 | 81.7% |
| Mozambique | N/A | 0.1 | 0.8 | 0.4 | 100.0% |
| Thailand | 0.3 | 0.6 | 0.6 | 0.2 | -12.6% |
| Others | 2.2 | 3.2 | 2.8 | 2.1 | -1.5% |
| Total | 17.4 | 25.8 | 25.2 | 22.7 | 9.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to South Africa in 2022:
- India (7.7K tons)
- Nigeria (1.8K tons)
- China (1.4K tons)
- Mozambique (0.5K tons)
- Turkey (0.4K tons)
- Pakistan (0.2K tons)
- Egypt (0.2K tons)
- Thailand (0.2K tons)
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