Spices; Turmeric (Curcuma) Price in Qatar - 2023
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Spices; Turmeric (Curcuma) Price in Qatar (CIF) - 2023
The average spices; turmeric (curcuma) import price stood at $1,077 per ton in June 2023, remaining stable against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 88% month-to-month. As a result, import price attained the peak level of $2,253 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Bangladesh ($1,150 per ton), while the price for India totaled $1,062 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (-0.6%).
Spices; Turmeric (Curcuma) Imports in Qatar
In 2022, after two years of decline, there was significant growth in purchases abroad of spices; turmeric (curcuma), when their volume increased by 9.7% to 1.8K tons. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat 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.
In value terms, spices; turmeric (curcuma) imports soared to $2.6M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 1,558 | 1,547 | 1,596 | 1.2% | |
| Bangladesh | 352 | 345 | 431 | 10.7% | |
| Others | 53.0 | 258 | 203 | 95.7% | |
| Total | 1,963 | 2,151 | 2,231 | 6.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Qatar in 2022:
- India (1280.8 tons)
- Bangladesh (333.1 tons)
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