Spices; Turmeric (Curcuma) Price in Saudi Arabia - 2021
Contents:
- Spices; Turmeric (Curcuma) Price in Saudi Arabia (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Saudi Arabia (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Saudi Arabia
- Spices; Turmeric (Curcuma) Exports in Saudi Arabia
Spices; Turmeric (Curcuma) Price in Saudi Arabia (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,921 per ton in 2021, with an increase of 41% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.7% 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 +45.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Pakistan ($3,895 per ton), while the price for India ($1,303 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Saudi Arabia (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $636 per ton in 2022, surging by 4.5% against the previous year. Overall, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 54% against the previous year. Over the period under review, the average export prices reached the peak figure at $2,346 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($1,487 per ton), while the average price for exports to the Netherlands ($505 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+4.3%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Saudi Arabia
After two years of growth, supplies from abroad of spices; turmeric (curcuma) decreased by -17.7% to 5.5K tons in 2021. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 8.7%. As a result, imports attained the peak of 6.6K tons, and then contracted dramatically in the following year.
In value terms, spices; turmeric (curcuma) imports skyrocketed to $10M in 2021. The total import value increased at an average annual rate of +14.0% from 2019 to 2021; 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 Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 5.3 | 5.9 | 4.8 | -4.8% | |
| Bangladesh | 2.0 | 2.1 | 2.8 | 18.3% | |
| Pakistan | N/A | N/A | 1.5 | 0% | |
| Others | 0.7 | 1.0 | 1.3 | 36.3% | |
| Total | 8.1 | 9.0 | 10.5 | 13.9% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Saudi Arabia in 2022:
- India (3.7K tons)
- Bangladesh (1.2K tons)
- Pakistan (0.4K tons)
Spices; Turmeric (Curcuma) Exports in Saudi Arabia
For the fourth year in a row, Saudi Arabia recorded growth in overseas shipments of spices; turmeric (curcuma), which increased by 2.1% to 51 tons in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 517% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, spices; turmeric (curcuma) exports rose sharply to $33K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 438%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Spices; Turmeric (Curcuma) in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | N/A | 17.8 | 0% | |
| Netherlands | N/A | N/A | 3.7 | 0% | |
| Bahrain | 9.4 | 15.0 | 1.6 | -58.7% | |
| Sweden | N/A | N/A | 1.5 | 0% | |
| Bosnia and Herzegovina | N/A | N/A | 0.8 | 0% | |
| Kuwait | N/A | 2.4 | N/A | 0% | |
| United Arab Emirates | 7.7 | 1.4 | N/A | -81.8% | |
| Pakistan | N/A | 11.4 | N/A | 0% | |
| Others | N/A | 0.4 | 7.3 | 1725.0% | |
| Total | 17.1 | 30.6 | 32.6 | 38.1% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Saudi Arabia in 2022:
- Germany (31.6 tons)
- Netherlands (7.3 tons)
- Bahrain (1.1 tons)
- Sweden (1.0 tons)
- Bosnia and Herzegovina (0.9 tons)
1884
This report provides an in-depth analysis of the ginger market in Saudi Arabia.
121
This report provides an in-depth analysis of the market for spices except pepper or ginger in Saudi Arabia.
447
This report provides an in-depth analysis of the market for dog and cat food in Saudi Arabia.
589
This report provides an in-depth analysis of the apricot market in Saudi Arabia.
1842
This report provides an in-depth analysis of the virgin olive oil market in Saudi Arabia.
931
This report provides an in-depth analysis of the paint and varnish market in Saudi Arabia.
408
This report provides an in-depth analysis of the olive oil market in Saudi Arabia.
348
This report provides an in-depth analysis of the encased lead pencil market in Saudi Arabia.
280
This report provides an in-depth analysis of the assembled clock movements market in Saudi Arabia.
385
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Saudi Arabia.
928
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1029
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
787
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7510
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8594
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1383
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7890
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11873
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1625
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3391
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
