Spices; Turmeric (Curcuma) Price in Chile - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Chile (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Chile (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Chile
- Spices; Turmeric (Curcuma) Exports in Chile
Spices; Turmeric (Curcuma) Price in Chile (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,566 per ton in 2021, with an increase of 7.7% against the previous year. Over the period under review, the import price, however, saw a abrupt downturn. The growth pace was the most rapid in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure at $2,656 per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($1,719 per ton), while the price for Peru totaled $1,107 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.7%).
Spices; Turmeric (Curcuma) Price in Chile (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $2,882 per ton in 2021, almost unchanged from the previous year. Overall, the export price saw a deep setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 0.5% against the previous year. Over the period under review, the average export prices attained the maximum at $7,627 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2012 to 2021, the rate of growth in terms of prices for Argentina amounted to -4.1% per year.
Spices; Turmeric (Curcuma) Imports in Chile
After three years of growth, purchases abroad of spices; turmeric (curcuma) decreased by -21.8% to 295 tons in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.
In value terms, spices; turmeric (curcuma) imports declined to $529K in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $590K, and then contracted in the following year.
| Import of Spices; Turmeric (Curcuma) in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 189 | 163 | 370 | 39.9% | |
| Peru | 174 | 279 | 168 | -1.7% | |
| Others | 29.5 | 31.1 | 52.5 | 33.4% | |
| Total | 392 | 474 | 590 | 22.7% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Chile in 2022:
- India (215.0 tons)
- Peru (152.0 tons)
Spices; Turmeric (Curcuma) Exports in Chile
In 2022, approx. 38 tons of spices; turmeric (curcuma) were exported from Chile; reducing by -52.9% on the previous year. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports attained the peak of 81 tons, and then reduced sharply in the following year.
In value terms, spices; turmeric (curcuma) exports declined rapidly to $117K in 2022. In general, exports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, the exports reached the peak of $235K, and then reduced dramatically in the following year.
| Export of Spices; Turmeric (Curcuma) in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Argentina | 97.4 | 130 | 235 | 55.3% | |
| Others | 137 | 40.3 | N/A | -70.6% | |
| Total | 234 | 170 | 235 | 0.2% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Chile in 2022:
- Argentina (81.4 tons)
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