Spices; Turmeric (Curcuma) Price in Paraguay - 2024

Contents:

  1. Spices; Turmeric (Curcuma) Price in Paraguay (CIF) - 2022
  2. Spices; Turmeric (Curcuma) Imports in Paraguay

Spices; Turmeric (Curcuma) Price in Paraguay (CIF) - 2022

In 2022, the average spices; turmeric (curcuma) import price amounted to $4,067 per ton, which is down by -65.9% against the previous year. Overall, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2020 an increase of 124%. The import price peaked at $22,957 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($36,669 per ton), while the price for Brazil totaled $2,374 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+114.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Spices; Turmeric (Curcuma) Imports in Paraguay

In 2022, approx. 2.7 tons of spices; turmeric (curcuma) were imported into Paraguay; jumping by 641% on the previous year. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spices; turmeric (curcuma) imports skyrocketed to $11K in 2022. Over the period under review, imports showed 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 Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/AN/AN/A6.00%
Uruguay5.52.91.54.8-4.4%
PeruN/AN/A0.7N/A0%
India0.5N/A1.6N/A78.9%
OthersN/A0.80.50.1-64.6%
Total6.03.74.310.821.6%

Top Suppliers of Spices; Turmeric (Curcuma) to Paraguay in 2022:

  1. Brazil (2506.0 kg)
  2. Uruguay (130.0 kg)

Source: IndexBox Market Intelligence Platform

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