Spices; Turmeric (Curcuma) Price in Romania - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Romania (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Romania (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Romania
- Spices; Turmeric (Curcuma) Exports in Romania
Spices; Turmeric (Curcuma) Price in Romania (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $4,684 per ton in 2021, with an increase of 8.4% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spices; turmeric (curcuma) import price increased by +121.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13,688 per ton), while the price for India ($1,668 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+48.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Romania (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $9,384 per ton, rising by 13% against the previous year. Overall, the export price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 88%. As a result, the export price reached the peak level of $10,566 per ton. From 2020 to 2021, the average 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 Italy ($14,338 per ton), while the average price for exports to Greece ($2,333 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 Italy (+33.3%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Romania
In 2022, overseas purchases of spices; turmeric (curcuma) decreased by -0.9% to 110 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of 111 tons, leveling off in the following year.
In value terms, spices; turmeric (curcuma) imports fell slightly to $509K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $518K, and then reduced in the following year.
| Import of Spices; Turmeric (Curcuma) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 69.9 | 114 | 200 | 69.2% | |
| Poland | 31.7 | 35.6 | 90.0 | 68.5% | |
| Italy | 27.0 | 53.6 | 47.4 | 32.5% | |
| Latvia | 26.0 | 14.8 | 37.8 | 20.6% | |
| Netherlands | 18.8 | 16.6 | 32.1 | 30.7% | |
| Spain | 29.1 | 14.0 | 31.3 | 3.7% | |
| India | 10.2 | 26.4 | 29.5 | 70.1% | |
| Austria | 15.6 | 14.2 | 23.1 | 21.7% | |
| Bulgaria | 3.9 | 14.2 | 3.7 | -2.6% | |
| United Kingdom | 21.0 | 2.8 | 1.2 | -76.1% | |
| Others | 14.9 | 63.8 | 22.5 | 22.9% | |
| Total | 268 | 370 | 518 | 39.0% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Romania in 2022:
- Germany (36.0 tons)
- Latvia (19.9 tons)
- India (17.7 tons)
- Poland (17.5 tons)
- Netherlands (9.5 tons)
- Italy (3.5 tons)
- Spain (2.6 tons)
- Bulgaria (1.8 tons)
- Austria (1.2 tons)
- United Kingdom (0.2 tons)
Spices; Turmeric (Curcuma) Exports in Romania
Spices; turmeric (curcuma) exports from Romania fell remarkably to 6.3 tons in 2022, with a decrease of -67.9% compared with 2021 figures. Over the period under review, exports recorded a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. As a result, the exports reached the peak of 20 tons, and then shrank significantly in the following year.
In value terms, spices; turmeric (curcuma) exports declined sharply to $65K in 2022. Overall, exports faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 102% against the previous year. As a result, the exports reached the peak of $184K, and then declined sharply in the following year.
| Export of Spices; Turmeric (Curcuma) in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Italy | 72.9 | 9.8 | 65.5 | -5.2% | |
| France | 20.2 | 18.5 | 42.5 | 45.1% | |
| Germany | 24.8 | 34.1 | 40.9 | 28.4% | |
| Moldova | 7.9 | 12.7 | 12.9 | 27.8% | |
| Hungary | 4.2 | 3.5 | 12.1 | 69.7% | |
| Croatia | 1.3 | 1.9 | 3.6 | 66.4% | |
| Belarus | 0.7 | 4.7 | 2.9 | 103.5% | |
| Bulgaria | N/A | 2.3 | N/A | 0% | |
| Others | 0.4 | 3.7 | 4.0 | 216.2% | |
| Total | 132 | 91.3 | 184 | 18.1% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Romania in 2022:
- Bulgaria (undefined tons)
- Italy (4.6 tons)
- Hungary (4.5 tons)
- France (4.1 tons)
- Germany (3.6 tons)
- Moldova (1.0 tons)
- Croatia (0.5 tons)
- Belarus (0.4 tons)
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