Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2,979 per ton in 2022, with an increase of 25% against the previous year. Overall, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 41%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
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 Ethiopia ($18,345 per ton), while the price for Egypt ($1,315 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+31.9%), 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 Sudan (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,246 per ton, which is down by -25.8% against the previous year. In general, the export price showed a deep setback. The pace of growth was the most pronounced in 2020 an increase of 32% against the previous year. The export price peaked at $3,175 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($4,381 per ton), while the average price for exports to Guatemala ($871 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 Egypt (-1.0%), while the prices for the other major destinations experienced a decline.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan
In 2022, after three years of growth, there was significant decline in purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -28.5% to 2.7K tons. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 49% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell to $8.1M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 110%.
Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | 1.9 | 2.3 | 5.0 | 4.4 | 32.3% |
United Arab Emirates | 0.8 | 2.5 | 3.1 | 2.4 | 44.2% |
India | 0.2 | 1.0 | 0.2 | 0.8 | 58.7% |
Pakistan | 0.2 | 0.9 | 0.4 | 0.2 | 0.0% |
Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
Total | 3.4 | 7.1 | 9.1 | 8.1 | 33.6% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Sudan in 2022:
- Nigeria (2274.1 tons)
- United Arab Emirates (202.4 tons)
- India (143.6 tons)
- Pakistan (31.3 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan
In 2022, approx. 182 tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from Sudan; growing by 2,558% on the previous year. Over the period under review, exports posted significant growth.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses soared to $227K in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 3,084% against the previous year. As a result, the exports reached the peak of $442K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sudan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Saudi Arabia | 6.8 | 265 | 0.5 | 88.1 | 134.9% |
Egypt | 2.1 | 71.5 | 5.1 | 78.6 | 234.5% |
Guatemala | 1.3 | 37.1 | 2.2 | 22.5 | 158.7% |
United Kingdom | 0.6 | 20.6 | 1.4 | 17.1 | 205.5% |
Others | 3.1 | 47.3 | 2.2 | 20.3 | 87.1% |
Total | 13.9 | 442 | 11.5 | 227 | 153.7% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Sudan in 2022:
- Saudi Arabia (97.3 tons)
- Egypt (47.8 tons)
- Guatemala (25.8 tons)
- United Kingdom (4.0 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.