Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain (FOB) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain (FOB) - 2023
In November 2023, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $5,160 per ton, rising by 5.7% against the previous month. Overall, the export price, however, saw a mild decline. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 17% month-to-month. The export price peaked at $6,124 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Cuba ($6,873 per ton), while the average price for exports to the Netherlands ($2,939 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 Portugal (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $4,111 per ton in 2022, waning by -3.9% against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10%. As a result, import price attained the peak level of $6,755 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($6,451 per ton), while the price for Brazil ($1,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -9.4% to 18K tons. The total export volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 38% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced to $116M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 23%. As a result, the exports attained the peak of $121M. 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 Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.0 | 25.8 | 23.9 | 24.4 | 6.9% |
| France | 12.6 | 19.0 | 22.0 | 15.5 | 7.1% |
| Portugal | 5.7 | 10.6 | 11.7 | 9.8 | 19.8% |
| Italy | 5.9 | 5.8 | 5.8 | 9.7 | 18.0% |
| United Kingdom | 6.1 | 7.6 | 7.6 | 7.8 | 8.5% |
| Germany | 4.2 | 5.4 | 5.6 | 5.6 | 10.1% |
| Netherlands | 4.8 | 5.0 | 5.4 | 5.0 | 1.4% |
| Cuba | 2.5 | 2.6 | 1.3 | 3.7 | 14.0% |
| Belgium | 1.7 | 2.3 | 2.5 | 1.5 | -4.1% |
| Morocco | 0.9 | 1.0 | 0.9 | 0.8 | -3.9% |
| Others | 33.8 | 35.8 | 33.8 | 32.7 | -1.1% |
| Total | 98.3 | 121 | 121 | 116 | 5.7% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Spain in 2022:
- France (4.3K tons)
- Portugal (2.7K tons)
- United States (2.6K tons)
- Netherlands (1.9K tons)
- Germany (1.1K tons)
- United Kingdom (1.0K tons)
- Cuba (0.7K tons)
- Italy (0.6K tons)
- Morocco (0.5K tons)
- Belgium (0.3K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain
In 2022, approx. 22K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Spain; picking up by 11% against the previous year. The total import volume increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses expanded notably to $89M in 2022. The total import value increased at an average annual rate of +7.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 30.2 | 27.1 | 26.4 | 41.1 | 10.8% |
| Germany | 3.4 | 4.2 | 6.0 | 7.1 | 27.8% |
| China | 7.5 | 10.2 | 10.6 | 6.3 | -5.6% |
| Peru | 3.9 | 7.4 | 6.4 | 6.1 | 16.1% |
| India | 3.3 | 3.1 | 4.4 | 4.3 | 9.2% |
| Netherlands | 2.5 | 3.2 | 3.1 | 3.2 | 8.6% |
| Brazil | 1.0 | 1.4 | 2.4 | 1.8 | 21.6% |
| Poland | 1.9 | 3.7 | 1.5 | 1.6 | -5.6% |
| Nigeria | 0.7 | 0.7 | 1.4 | 1.0 | 12.6% |
| Belgium | 2.3 | 2.3 | 3.0 | 0.9 | -26.9% |
| Others | 14.4 | 17.7 | 18.1 | 15.1 | 1.6% |
| Total | 71.3 | 81.0 | 83.2 | 88.5 | 7.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Spain in 2022:
- Iran (6.7K tons)
- Peru (3.5K tons)
- India (2.1K tons)
- China (2.1K tons)
- Germany (1.6K tons)
- Brazil (1.3K tons)
- Netherlands (0.7K tons)
- Poland (0.5K tons)
- Nigeria (0.3K tons)
- Belgium (0.2K tons)
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