Price for Herbs; Thyme, Bay Leaves in Venezuela - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in Venezuela (CIF) - 2022
- Imports of Herbs; Thyme, Bay Leaves in Venezuela
Price for Herbs; Thyme, Bay Leaves in Venezuela (CIF) - 2022
In 2022, the average herbs; thyme, bay leaves import price amounted to $12,165 per ton, picking up by 9.6% against the previous year. Overall, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 9.6% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Germany ($21,253 per ton), while the price for Spain ($3,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Herbs; Thyme, Bay Leaves in Venezuela
Herbs; thyme, bay leaves imports into Venezuela was estimated at 119 tons in 2022, surging by 6.5% compared with 2021. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 6.5% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, herbs; thyme, bay leaves imports surged to $1.4M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Herbs; Thyme, Bay Leaves in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 756 | 873 | 1,008 | 1,161 | 15.4% |
| Spain | 60.9 | 78.3 | 101 | 129 | 28.4% |
| Germany | 60.3 | 69.1 | 79.2 | 90.6 | 14.5% |
| Others | 30.9 | 39.7 | 50.9 | 65.3 | 28.3% |
| Total | 908 | 1,060 | 1,238 | 1,446 | 16.8% |
Top Suppliers of Herbs; Thyme, Bay Leaves to Venezuela in 2022:
- Turkey (75.8 tons)
- Spain (38.0 tons)
- Germany (4.3 tons)
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