Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $6,407 per ton in November 2023, surging by 38% against the previous month. Overall, the import price recorded modest growth. Over the period under review, average import prices attained the peak figure at $7,315 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($11,951 per ton), while the price for Italy ($1,915 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 France (+5.7%), 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 Sweden (FOB) - 2023
In November 2023, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $10,281 per ton, falling by -4.3% against the previous month. Overall, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 47% month-to-month. As a result, the export price reached the peak level of $15,483 per ton. From October 2023 to November 2023, the the average 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 Iceland ($39,432 per ton), while the average price for exports to Norway ($7,120 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 Estonia (+7.8%), 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 Sweden
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -1.2% to 9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of 9.1K tons, and then dropped slightly in the following year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined to $46M in 2022. The total import value increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.6 | 8.1 | 9.0 | 11.7 | 15.5% |
| Germany | 2.7 | 5.7 | 7.8 | 8.6 | 47.1% |
| Netherlands | 6.0 | 7.4 | 7.2 | 7.3 | 6.8% |
| Denmark | 4.5 | 5.5 | 4.8 | 3.8 | -5.5% |
| Thailand | 2.9 | 2.5 | 2.8 | 2.4 | -6.1% |
| Italy | 1.8 | 1.5 | 1.6 | 1.7 | -1.9% |
| Estonia | 0.8 | 1.4 | 1.6 | 1.4 | 20.5% |
| Belgium | 1.2 | 1.0 | 1.1 | 1.3 | 2.7% |
| China | 1.3 | 1.5 | 1.5 | 1.0 | -8.4% |
| Turkey | 0.4 | 0.5 | 1.2 | 0.9 | 31.0% |
| India | 0.8 | 0.6 | 1.1 | 0.9 | 4.0% |
| Iran | 2.0 | 2.4 | 1.5 | 0.9 | -23.4% |
| Others | 3.4 | 4.5 | 5.6 | 4.1 | 6.4% |
| Total | 35.5 | 42.6 | 46.7 | 46.0 | 9.0% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Sweden in 2022:
- Netherlands (2355.1 tons)
- Spain (1162.1 tons)
- Italy (979.8 tons)
- Germany (897.8 tons)
- Denmark (888.0 tons)
- Belgium (397.2 tons)
- India (356.4 tons)
- China (310.1 tons)
- Thailand (282.7 tons)
- Estonia (204.4 tons)
- Iran (196.9 tons)
- Turkey (192.6 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden
After three years of growth, shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -37.3% to 642 tons in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 4%. As a result, the exports attained the peak of 1K tons, and then contracted notably in the following year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced markedly to $7M in 2022. In general, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 9.3%. As a result, the exports attained the peak of $9.5M, and then declined sharply in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 3.2 | 3.8 | 4.1 | 2.8 | -4.4% |
| Norway | 2.1 | 2.6 | 2.4 | 1.8 | -5.0% |
| Finland | 1.3 | 1.2 | 1.4 | 1.2 | -2.6% |
| Estonia | 0.5 | 0.5 | 0.5 | 0.5 | 0.0% |
| Poland | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Germany | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| United Kingdom | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.9 | 0.3 | 0.6 | 0.4 | -23.7% |
| Total | 8.2 | 8.7 | 9.5 | 7.0 | -5.1% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Sweden in 2022:
- Norway (240.6 tons)
- Denmark (164.0 tons)
- Estonia (92.4 tons)
- Finland (63.6 tons)
- Germany (20.3 tons)
- United Kingdom (12.3 tons)
- Poland (12.2 tons)
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