Spices; Turmeric (Curcuma) Price in Greece - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Greece (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Greece (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Greece
- Spices; Turmeric (Curcuma) Exports in Greece
Spices; Turmeric (Curcuma) Price in Greece (CIF) - 2022
In 2021, the average spices; turmeric (curcuma) import price amounted to $1,740 per ton, growing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 27% against the previous year. Over the period under review, average import prices reached the peak figure at $2,168 per ton in 2016; however, from 2017 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 Germany ($4,081 per ton), while the price for India ($1,411 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Greece (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $4,793 per ton, picking up by 56% against the previous year. Over the period under review, the export price showed prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 598%. As a result, the export price attained the peak level of $23,416 per ton. From 2018 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 Turkey ($38,256 per ton), while the average price for exports to Romania ($2,016 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 Russia (+1.3%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Greece
In 2022, supplies from abroad of spices; turmeric (curcuma) decreased by -0.8% to 210 tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 7.5%. As a result, imports reached the peak of 215 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; turmeric (curcuma) imports soared to $438K in 2022. The total import value increased at an average annual rate of +11.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Spices; Turmeric (Curcuma) in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
India | 194 | 175 | 242 | 11.7% | |
Bangladesh | 12.1 | 21.8 | 26.4 | 47.7% | |
Netherlands | 16.6 | 40.8 | 24.3 | 21.0% | |
Germany | 8.7 | 5.1 | 14.9 | 30.9% | |
Pakistan | 22.0 | 16.3 | 14.0 | -20.2% | |
Indonesia | 13.5 | 10.9 | 11.3 | -8.5% | |
Bulgaria | 7.3 | 9.0 | 8.2 | 6.0% | |
United Kingdom | 23.8 | 16.8 | 2.3 | -68.9% | |
Spain | 13.4 | 12.0 | N/A | -10.4% | |
Others | 2.3 | 20.9 | 24.1 | 223.7% | |
Total | 314 | 328 | 368 | 8.3% |
Top Suppliers of Spices; Turmeric (Curcuma) to Greece in 2022:
- India (171.7 tons)
- Bangladesh (14.6 tons)
- Netherlands (7.5 tons)
- Pakistan (4.8 tons)
- Indonesia (3.8 tons)
- Bulgaria (3.8 tons)
- Germany (3.6 tons)
- United Kingdom (1.0 tons)
Spices; Turmeric (Curcuma) Exports in Greece
In 2022, the amount of spices; turmeric (curcuma) exported from Greece surged to 4.5 tons, growing by 33% on 2021 figures. In general, exports recorded a notable expansion. The growth pace was the most rapid in 2020 when exports increased by 73%. As a result, the exports attained the peak of 6.9 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; turmeric (curcuma) exports reduced notably to $12K in 2022. Overall, exports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of $21K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Spices; Turmeric (Curcuma) in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Turkey | N/A | N/A | 7.7 | 0% | |
Cyprus | 5.7 | 13.0 | 3.6 | -20.5% | |
Russia | 1.7 | 2.1 | 1.7 | 0.0% | |
Germany | 0.6 | 1.6 | 1.5 | 58.1% | |
Netherlands | 1.3 | 0.9 | 0.8 | -21.6% | |
Ireland | 0.4 | 1.4 | 0.5 | 11.8% | |
Bulgaria | 1.1 | 0.3 | 0.3 | -47.8% | |
Albania | 1.8 | 1.1 | N/A | -38.9% | |
Malta | 0.6 | 0.6 | N/A | 0.0% | |
Others | 0.5 | 0.4 | 0.2 | -36.8% | |
Total | 13.8 | 21.3 | 16.4 | 9.0% |
Top Export Markets for Spices; Turmeric (Curcuma) from Greece in 2022:
- Cyprus (1697.0 kg)
- Germany (507.0 kg)
- Netherlands (330.0 kg)
- Ireland (250.0 kg)
- Turkey (200.0 kg)
- Russia (189.0 kg)
- Bulgaria (152.0 kg)
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