Spices; Turmeric (Curcuma) Price in Brazil - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Brazil (CIF) - 2023
- Spices; Turmeric (Curcuma) Price in Brazil (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Brazil
- Spices; Turmeric (Curcuma) Exports in Brazil
Spices; Turmeric (Curcuma) Price in Brazil (CIF) - 2023
The average spices; turmeric (curcuma) import price stood at $1,584 per ton in September 2023, therefore, remained relatively stable against the previous month. Overall, import price indicated a notable increase from October 2022 to September 2023: its price increased at an average monthly rate of +2.5% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, spices; turmeric (curcuma) import price increased by +81.2% against May 2023 indices. The pace of growth was the most pronounced in August 2023 when the average import price increased by 73% m-o-m. The import price peaked at $1,820 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($1,463 per ton), while the price for Indonesia ($940 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Brazil (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $2,653 per ton, declining by -7.1% against the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 82%. The export price peaked at $3,190 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,627 per ton), while the average price for exports to the Netherlands ($1,487 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Brazil
In 2022, the amount of spices; turmeric (curcuma) imported into Brazil soared to 3.2K tons, picking up by 67% compared with 2021 figures. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports surged to $5.2M in 2022. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.9 | 2.5 | 2.6 | 4.4 | 32.3% |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| Italy | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Others | 0.1 | 0.2 | 0.4 | 0.6 | 81.7% |
| Total | 2.6 | 3.2 | 3.0 | 5.2 | 26.0% |
Top Suppliers of Spices; Turmeric (Curcuma) to Brazil in 2022:
- India (3.1K tons)
- Indonesia (0.1K tons)
Spices; Turmeric (Curcuma) Exports in Brazil
In 2022, shipments abroad of spices; turmeric (curcuma) decreased by -23.7% to 42 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 129% against the previous year. As a result, the exports reached the peak of 55 tons, and then fell remarkably in the following year.
In value terms, spices; turmeric (curcuma) exports declined rapidly to $111K in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 225% against the previous year. As a result, the exports attained the peak of $157K, and then shrank rapidly in the following year.
| Export of Spices; Turmeric (Curcuma) in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 7.6 | N/A | 78.8 | 63.9 | 103.3% |
| Netherlands | N/A | 7.6 | 40.2 | 18.6 | 56.4% |
| United States | 2.2 | 5.1 | 2.5 | 8.7 | 58.1% |
| Paraguay | N/A | N/A | N/A | 5.6 | 0% |
| Belgium | N/A | 0.1 | N/A | 4.6 | 578.2% |
| Uruguay | 1.1 | 0.8 | 2.8 | 1.9 | 20.0% |
| Argentina | 21.5 | N/A | N/A | N/A | 0% |
| France | 15.1 | 22.4 | 14.6 | N/A | -1.7% |
| Others | 3.5 | 12.1 | 18.0 | 7.7 | 30.1% |
| Total | 51.1 | 48.2 | 157 | 111 | 29.5% |
Top Export Markets for Spices; Turmeric (Curcuma) from Brazil in 2022:
- Argentina (undefined tons)
- Israel (23.4 tons)
- Netherlands (12.5 tons)
- Paraguay (2.5 tons)
- United States (0.8 tons)
- Uruguay (0.7 tons)
- Belgium (0.7 tons)
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