Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic (CIF) - 2023
In November 2023, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $6,388 per ton, shrinking by -24.2% against the previous month. In general, import price indicated a moderate expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -24.2% against October 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 99% against the previous month. Over the period under review, average import prices reached the peak figure at $8,426 per ton in October 2023, and then shrank rapidly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($13,870 per ton), while the price for Vietnam ($1,964 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 (+14.6%), 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 the Czech Republic (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $8,453 per ton in November 2023, which is down by -17.6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average export price increased by 30% month-to-month. The export price peaked at $10,260 per ton in October 2023, and then reduced sharply in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($16,178 per ton), while the average price for exports to Austria ($1,237 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 Slovakia (+7.5%), 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 the Czech Republic
In 2022, approx. 4.5K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into the Czech Republic; growing by 16% against 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced slightly to $18M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of $18M, and then reduced in the following year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.4 | 2.7 | 3.1 | 3.3 | 11.2% |
| China | 3.2 | 3.2 | 3.4 | 2.2 | -11.7% |
| Austria | 0.9 | 1.4 | 1.7 | 1.7 | 23.6% |
| Slovakia | 1.1 | 1.0 | 1.1 | 1.5 | 10.9% |
| Netherlands | 0.9 | 0.7 | 1.1 | 1.4 | 15.9% |
| Poland | 1.4 | 1.6 | 1.8 | 1.3 | -2.4% |
| Brazil | 0.9 | 1.4 | 0.9 | 1.2 | 10.1% |
| Cambodia | 0.5 | 0.3 | 0.6 | 1.2 | 33.9% |
| India | 0.5 | 0.6 | 0.9 | 0.6 | 6.3% |
| Others | 3.4 | 3.6 | 3.7 | 3.2 | -2.0% |
| Total | 15.2 | 16.4 | 18.2 | 17.5 | 4.8% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to the Czech Republic in 2022:
- China (1005.1 tons)
- Brazil (671.1 tons)
- Netherlands (593.0 tons)
- Germany (489.0 tons)
- Slovakia (321.7 tons)
- Austria (229.3 tons)
- Poland (223.8 tons)
- Cambodia (206.8 tons)
- India (186.8 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -5.4% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 7.2%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank remarkably to $11M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 exports increased by 67% against the previous year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.5 | 7.0 | 9.5 | 7.2 | 27.2% |
| Slovakia | 1.2 | 1.5 | 1.5 | 1.4 | 5.3% |
| Austria | 0.8 | 1.5 | 1.7 | 1.2 | 14.5% |
| Hungary | 0.6 | 0.8 | 0.7 | 0.4 | -12.6% |
| Poland | 0.5 | 0.7 | 0.5 | 0.3 | -15.7% |
| Bulgaria | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Others | 0.8 | 1.2 | 0.8 | 0.8 | 0.0% |
| Total | 7.6 | 12.7 | 15.1 | 11.4 | 14.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from the Czech Republic in 2022:
- Germany (1011.6 tons)
- Slovakia (296.6 tons)
- Hungary (104.7 tons)
- Austria (78.6 tons)
- Bulgaria (56.2 tons)
- Poland (28.7 tons)
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