Spices; Turmeric (Curcuma) Price in Egypt - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Egypt (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Egypt (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Egypt
- Spices; Turmeric (Curcuma) Exports in Egypt
Spices; Turmeric (Curcuma) Price in Egypt (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $2,337 per ton in 2021, with a decrease of -7.5% against the previous year. In general, the import price, however, recorded a tangible expansion. The pace of growth appeared the most rapid in 2020 an increase of 92% against the previous year. As a result, import price reached the peak level of $2,526 per ton, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($845 per ton), while the price for Ethiopia stood at $807 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ethiopia (-0.5%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Price in Egypt (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $1,724 per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 54%. As a result, the export price reached the peak level of $3,059 per ton. From 2014 to 2021, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -0.0% per year.
Spices; Turmeric (Curcuma) Imports in Egypt
In 2022, supplies from abroad of spices; turmeric (curcuma) was finally on the rise to reach 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt shrinkage.
In value terms, spices; turmeric (curcuma) imports soared to $4.2M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.5% against 2020 indices.
| Import of Spices; Turmeric (Curcuma) in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 2.4 | 2.0 | 2.1 | -6.5% | |
| Ethiopia | 0.9 | 0.6 | 0.5 | -25.5% | |
| Brunei Darussalam | 0.2 | N/A | N/A | 0% | |
| Others | N/A | 1.7 | N/A | 0% | |
| Total | 3.5 | 4.3 | 2.7 | -12.2% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Egypt in 2022:
- India (2.5K tons)
- Ethiopia (0.7K tons)
Spices; Turmeric (Curcuma) Exports in Egypt
In 2022, overseas shipments of spices; turmeric (curcuma) increased by 182% to 48 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a noticeable contraction.
In value terms, spices; turmeric (curcuma) exports soared to $78K in 2022. Over the period under review, exports enjoyed perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Arab Emirates | 5.2 | 5.3 | 29.2 | 137.0% | |
| United States | N/A | 5.0 | N/A | 0% | |
| North Macedonia | 3.2 | N/A | N/A | 0% | |
| India | 8.6 | 2.3 | N/A | -73.3% | |
| South Africa | 9.0 | N/A | N/A | 0% | |
| Lebanon | 8.1 | N/A | N/A | 0% | |
| Tunisia | 19.2 | N/A | N/A | 0% | |
| Uruguay | 4.8 | 26.4 | N/A | 450.0% | |
| Canada | N/A | 10.4 | N/A | 0% | |
| Others | 10.9 | 0.9 | N/A | -91.7% | |
| Total | 69.0 | 50.4 | 29.2 | -34.9% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Egypt in 2022:
- United Arab Emirates (17.0 tons)
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