Spices; Turmeric (Curcuma) Price in Denmark - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Denmark (CIF) - 2023
- Spices; Turmeric (Curcuma) Price in Denmark (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Denmark
- Spices; Turmeric (Curcuma) Exports in Denmark
Spices; Turmeric (Curcuma) Price in Denmark (CIF) - 2023
The average spices; turmeric (curcuma) import price stood at $5,119 per ton in June 2023, growing by 47% against the previous month. Overall, import price indicated a slight increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.3% 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 +47.0% against May 2023 indices. The import price peaked at $5,325 per ton in February 2023; however, from March 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($14,174 per ton), while the price for the Netherlands ($3,363 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 (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Denmark (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $6,233 per ton, reducing by -13.6% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spices; turmeric (curcuma) export price decreased by -16.1% against 2015 indices. The growth pace was the most rapid in 2013 an increase of 52% against the previous year. The export price peaked at $10,792 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($8,863 per ton), while the average price for exports to Poland ($4,969 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 Norway (-1.5%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Denmark
After three years of growth, overseas purchases of spices; turmeric (curcuma) decreased by -28.8% to 182 tons in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 26%.
In value terms, spices; turmeric (curcuma) imports fell dramatically to $767K in 2022. In general, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $1.5M, and then declined markedly in the following year.
| Import of Spices; Turmeric (Curcuma) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 150 | 30.8 | 614 | 102.3% | |
| Netherlands | 220 | 386 | 318 | 20.2% | |
| Sweden | 371 | 317 | 284 | -12.5% | |
| Germany | 113 | 203 | 176 | 24.8% | |
| Czech Republic | 19.8 | 15.8 | 46.8 | 53.7% | |
| Turkey | N/A | 1.7 | 18.7 | 1000.0% | |
| Others | 67.9 | 84.6 | 81.2 | 9.4% | |
| Total | 942 | 1,040 | 1,539 | 27.8% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Denmark in 2022:
- India (371.7 tons)
- Netherlands (89.7 tons)
- Sweden (76.7 tons)
- Germany (23.5 tons)
- Turkey (9.7 tons)
- Czech Republic (9.0 tons)
Spices; Turmeric (Curcuma) Exports in Denmark
In 2022, overseas shipments of spices; turmeric (curcuma) decreased by -7.1% to 36 tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 125% against the previous year. As a result, the exports reached the peak of 67 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; turmeric (curcuma) exports shrank to $219K in 2022. Overall, exports, however, posted a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 139% against the previous year. As a result, the exports reached the peak of $481K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Turmeric (Curcuma) in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Norway | 98.0 | 113 | 105 | 3.5% | |
| Sweden | 71.9 | 141 | 89.4 | 11.5% | |
| Poland | 2.8 | 9.4 | 9.0 | 79.3% | |
| France | 0.9 | 3.9 | 7.0 | 178.9% | |
| Finland | 3.2 | 2.8 | 5.8 | 34.6% | |
| Netherlands | 3.4 | 189 | 2.7 | -10.9% | |
| Others | 21.4 | 21.3 | 25.5 | 9.2% | |
| Total | 202 | 481 | 244 | 9.9% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Denmark in 2022:
- Norway (17.4 tons)
- Sweden (16.0 tons)
- Poland (1.8 tons)
- France (0.9 tons)
- Finland (0.7 tons)
- Netherlands (0.3 tons)
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