Spices; Turmeric (Curcuma) Price in Austria - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Austria (FOB) - 2023
- Spices; Turmeric (Curcuma) Price in Austria (CIF) - 2023
- Spices; Turmeric (Curcuma) Exports in Austria
- Spices; Turmeric (Curcuma) Imports in Austria
Spices; Turmeric (Curcuma) Price in Austria (FOB) - 2023
In June 2023, the average spices; turmeric (curcuma) export price amounted to $10,497 per ton, surging by 5.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in October 2022 an increase of 15% month-to-month. Over the period under review, the average export prices hit record highs in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($15,305 per ton), while the average price for exports to the Czech Republic ($5,316 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Austria (CIF) - 2023
The average spices; turmeric (curcuma) import price stood at $2,839 per ton in June 2023, falling by -12% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 116% against the previous month. As a result, import price reached the peak level of $5,760 per ton. From January 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($4,036 per ton), while the price for India ($1,839 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Exports in Austria
Spices; turmeric (curcuma) exports from Austria expanded notably to 274 tons in 2022, surging by 5.1% against the previous year. In general, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 56%. As a result, the exports attained the peak of 294 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; turmeric (curcuma) exports dropped to $2.4M in 2022. The total export value increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, 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 47%. As a result, the exports reached the peak of $2.8M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 772 | 1,276 | 1,269 | 28.2% | |
| Russia | 269 | 477 | 352 | 14.4% | |
| Italy | 116 | 275 | 244 | 45.0% | |
| Sweden | 165 | 158 | 105 | -20.2% | |
| Slovenia | 102 | 141 | 79.5 | -11.7% | |
| Croatia | 87.1 | 75.0 | 69.6 | -10.6% | |
| Czech Republic | 60.5 | 36.8 | 55.4 | -4.3% | |
| Switzerland | 44.3 | 50.6 | 47.8 | 3.9% | |
| Slovakia | 39.0 | 70.3 | 47.6 | 10.5% | |
| Greece | 11.2 | 3.8 | 46.3 | 103.3% | |
| Hungary | 48.8 | 44.8 | 45.3 | -3.7% | |
| Poland | 59.0 | 39.4 | 39.1 | -18.6% | |
| Others | 151 | 188 | 141 | -3.4% | |
| Total | 1,926 | 2,835 | 2,542 | 14.9% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Austria in 2022:
- Germany (110.4 tons)
- Russia (56.0 tons)
- Italy (20.7 tons)
- Croatia (10.5 tons)
- Czech Republic (8.5 tons)
- Sweden (7.9 tons)
- Hungary (7.7 tons)
- Slovenia (6.6 tons)
- Slovakia (6.6 tons)
- Poland (5.8 tons)
- Greece (5.5 tons)
- Switzerland (4.4 tons)
Spices; Turmeric (Curcuma) Imports in Austria
In 2022, the amount of spices; turmeric (curcuma) imported into Austria was estimated at 703 tons, almost unchanged from the year before. The total import volume increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports amounted to $2.3M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.6%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | 12.3 | 618 | 915 | 762.5% | |
| Germany | 298 | 916 | 790 | 62.8% | |
| Belgium | N/A | 134 | 123 | -8.2% | |
| India | 1,214 | 22.4 | 69.7 | -76.0% | |
| Peru | 162 | N/A | N/A | 0% | |
| Others | 134 | 253 | 212 | 25.8% | |
| Total | 1,821 | 1,943 | 2,111 | 7.7% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Austria in 2022:
- Netherlands (336.3 tons)
- Germany (272.6 tons)
- Belgium (61.3 tons)
- India (17.4 tons)
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