Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey (FOB) - 2024
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey (CIF) - 2024
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey (FOB) - 2024
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,219 per ton in January 2024, shrinking by -4.7% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2023 an increase of 20% m-o-m. As a result, the export price reached the peak level of $3,663 per ton. From June 2023 to January 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Germany ($4,385 per ton), while the average price for exports to India ($718 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 China (+3.3%), 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 Turkey (CIF) - 2024
In January 2024, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,501 per ton, shrinking by -4.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 29% against the previous month. As a result, import price attained the peak level of $2,105 per ton. From April 2023 to January 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Egypt ($8,455 per ton), while the price for Iran ($264 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Egypt (+17.7%), 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 Turkey
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 -12.2% to 41K tons. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 18% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted to $127M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 16%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.7 | 44.5 | 45.2 | 35.3 | -1.3% |
| China | 3.7 | 9.3 | 12.7 | 15.7 | 61.9% |
| Germany | 8.7 | 10.5 | 8.8 | 8.3 | -1.6% |
| Canada | 4.8 | 5.4 | 5.5 | 5.6 | 5.3% |
| Poland | 6.0 | 5.9 | 6.7 | 5.2 | -4.7% |
| France | 2.9 | 4.2 | 4.5 | 4.4 | 14.9% |
| United Kingdom | 2.9 | 3.3 | 4.7 | 4.1 | 12.2% |
| Netherlands | 3.0 | 3.5 | 2.9 | 3.1 | 1.1% |
| Brazil | 1.8 | 3.2 | 2.3 | 2.2 | 6.9% |
| Italy | 1.7 | 1.8 | 1.8 | 2.2 | 9.0% |
| Israel | 2.4 | 2.3 | 2.2 | 2.0 | -5.9% |
| United Arab Emirates | 1.2 | 1.3 | 1.6 | 1.9 | 16.6% |
| India | 1.4 | 1.9 | 1.8 | 1.9 | 10.7% |
| Others | 40.2 | 39.1 | 39.3 | 35.0 | -4.5% |
| Total | 118 | 136 | 140 | 127 | 2.5% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Turkey in 2022:
- United States (8.4K tons)
- China (8.4K tons)
- Germany (2.3K tons)
- Brazil (1.3K tons)
- India (1.3K tons)
- Israel (1.2K tons)
- Canada (1.1K tons)
- United Arab Emirates (1.0K tons)
- Netherlands (0.9K tons)
- Poland (0.9K tons)
- France (0.9K tons)
- United Kingdom (0.9K tons)
- Italy (0.7K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey
In 2022, overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -11.8% to 16K tons, falling for the second year in a row after two years of growth. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, imports reached the peak of 18K 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 fell to $22M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Syrian Arab Republic | N/A | N/A | N/A | 4.7 | 0% |
| China | 3.2 | 6.0 | 5.0 | 3.0 | -2.1% |
| India | 2.1 | 3.8 | 2.9 | 2.8 | 10.1% |
| Albania | 2.7 | 3.1 | 3.4 | 2.2 | -6.6% |
| Poland | 2.0 | 1.8 | 1.6 | 2.0 | 0.0% |
| Mexico | 2.1 | 0.3 | 2.2 | 1.3 | -14.8% |
| Greece | 0.2 | 0.7 | 1.0 | 1.0 | 71.0% |
| Egypt | 0.3 | 0.1 | 0.9 | 0.8 | 38.7% |
| Nigeria | 0.3 | 1.2 | 0.7 | 0.6 | 26.0% |
| Iran | 0.1 | 0.5 | 0.5 | 0.4 | 58.7% |
| Brazil | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Lebanon | 0.1 | 0.1 | 0.8 | 0.3 | 44.2% |
| Iraq | 0.5 | 0.3 | 0.6 | N/A | 9.5% |
| Others | 4.6 | 3.8 | 2.6 | 2.4 | -19.5% |
| Total | 18.5 | 22.0 | 22.5 | 21.8 | 5.6% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Turkey in 2022:
- Syrian Arab Republic (4.7K tons)
- India (2.4K tons)
- China (2.4K tons)
- Iran (1.7K tons)
- Albania (0.6K tons)
- Poland (0.5K tons)
- Brazil (0.4K tons)
- Mexico (0.4K tons)
- Egypt (0.4K tons)
- Lebanon (0.4K tons)
- Greece (0.3K tons)
- Nigeria (0.3K tons)
828
This report provides an in-depth analysis of the ginger market in Turkey.
49
This report provides an in-depth analysis of the market for spices except pepper or ginger in Turkey.
362
This report provides an in-depth analysis of the market for dog and cat food in Turkey.
924
This report provides an in-depth analysis of the apricot market in Turkey.
1518
This report provides an in-depth analysis of the virgin olive oil market in Turkey.
663
This report provides an in-depth analysis of the paint and varnish market in Turkey.
323
This report provides an in-depth analysis of the olive oil market in Turkey.
372
This report provides an in-depth analysis of the encased lead pencil market in Turkey.
261
This report provides an in-depth analysis of the assembled clock movements market in Turkey.
374
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Turkey.
924
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).
1027
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.
786
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7508
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8592
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1382
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>
7889
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
11871
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
1624
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.
3390
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
