Spices; Turmeric (Curcuma) Price in Belgium - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Belgium (CIF) - 2023
- Spices; Turmeric (Curcuma) Price in Belgium (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Belgium
- Spices; Turmeric (Curcuma) Exports in Belgium
Spices; Turmeric (Curcuma) Price in Belgium (CIF) - 2023
In June 2023, the average spices; turmeric (curcuma) import price amounted to $3,957 per ton, surging by 20% against the previous month. Overall, import price indicated a temperate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, spices; turmeric (curcuma) import price increased by +53.9% against April 2023 indices. The growth pace was the most rapid in September 2022 when the average import price increased by 43% m-o-m. Over the period under review, average import prices attained the maximum in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($9,502 per ton), while the price for Ghana ($605 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 India (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Belgium (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $3,210 per ton, increasing by 10% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 29% against the previous year. As a result, the export price reached the peak level of $4,904 per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($5,973 per ton), while the average price for exports to Austria ($2,023 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Belgium
In 2022, spices; turmeric (curcuma) imports into Belgium surged to 904 tons, with an increase of 18% compared with the previous year. Overall, imports showed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 133% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; turmeric (curcuma) imports reduced to $2.5M in 2022. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 127%.
| Import of Spices; Turmeric (Curcuma) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 207 | 1,229 | 1,677 | 184.6% | |
| Netherlands | 434 | 578 | 440 | 0.7% | |
| Germany | 86.0 | 79.2 | 215 | 58.1% | |
| France | 178 | 182 | 169 | -2.6% | |
| Spain | 64.1 | 108 | 75.7 | 8.7% | |
| United Kingdom | 49.3 | 75.0 | 29.1 | -23.2% | |
| Others | 104 | 295 | 214 | 43.4% | |
| Total | 1,122 | 2,546 | 2,821 | 58.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Belgium in 2022:
- India (481.9 tons)
- Netherlands (158.2 tons)
- Germany (46.9 tons)
- Spain (20.7 tons)
- France (14.3 tons)
- United Kingdom (9.4 tons)
Spices; Turmeric (Curcuma) Exports in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; turmeric (curcuma), when their volume decreased by -6.5% to 611 tons. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 125% against the previous year.
In value terms, spices; turmeric (curcuma) exports contracted modestly to $2.1M in 2022. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year.
| Export of Spices; Turmeric (Curcuma) in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 17.6 | 343 | 568 | 468.1% | |
| Netherlands | 367 | 424 | 483 | 14.7% | |
| France | 269 | 505 | 318 | 8.7% | |
| United Kingdom | 131 | 93.7 | 242 | 35.9% | |
| Czech Republic | 149 | 74.8 | 68.2 | -32.3% | |
| Austria | 19.4 | 136 | 36.5 | 37.2% | |
| Others | 71.9 | 140 | 381 | 130.2% | |
| Total | 1,025 | 1,717 | 2,096 | 43.0% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Belgium in 2022:
- Germany (254.5 tons)
- Netherlands (140.5 tons)
- France (82.3 tons)
- United Kingdom (40.5 tons)
- Czech Republic (30.2 tons)
- Austria (18.1 tons)
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