Spices; Turmeric (Curcuma) Price in Slovenia - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Slovenia (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Slovenia (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Slovenia
- Spices; Turmeric (Curcuma) Exports in Slovenia
Spices; Turmeric (Curcuma) Price in Slovenia (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $4,810 per ton in 2022, increasing by 4.5% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The growth pace was the most rapid in 2021 when the average import price increased by 18%. Over the period under review, average import prices hit record highs at $9,308 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Croatia ($11,383 per ton), while the price for India ($2,140 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Slovenia (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $2,605 per ton in 2022, dropping by -24.5% against the previous year. In general, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,870 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($14,997 per ton), while the average price for exports to Hungary ($1,508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-1.6%), while the prices for the other major destinations experienced a decline.
Spices; Turmeric (Curcuma) Imports in Slovenia
In 2022, imports of spices; turmeric (curcuma) into Slovenia rose rapidly to 74 tons, picking up by 7.9% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 183%. As a result, imports reached the peak of 91 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; turmeric (curcuma) imports expanded notably to $356K in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 110% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Spices; Turmeric (Curcuma) in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.4 | 69.7 | 111 | 97.1 | 147.6% |
| India | 104 | 133 | 76.2 | 93.2 | -3.6% |
| Austria | 5.9 | 66.1 | 33.4 | 63.8 | 121.1% |
| Netherlands | 0.3 | 22.6 | 28.2 | 34.6 | 386.8% |
| Italy | 13.1 | 20.5 | 22.4 | 25.1 | 24.2% |
| Croatia | 22.4 | 24.1 | 26.5 | 16.7 | -9.3% |
| France | 0.3 | 0.4 | 0.3 | 12.7 | 248.5% |
| Others | 17.4 | 19.0 | 17.7 | 13.0 | -9.3% |
| Total | 169 | 355 | 316 | 356 | 28.2% |
Top Suppliers of Spices; Turmeric (Curcuma) to Slovenia in 2022:
- India (43.5 tons)
- Germany (9.9 tons)
- Austria (7.0 tons)
- Netherlands (5.5 tons)
- Italy (4.0 tons)
- Croatia (1.5 tons)
- France (1.3 tons)
Spices; Turmeric (Curcuma) Exports in Slovenia
After three years of growth, shipments abroad of spices; turmeric (curcuma) decreased by -8.5% to 44 tons in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 267%.
In value terms, spices; turmeric (curcuma) exports reduced rapidly to $115K in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 153%.
| Export of Spices; Turmeric (Curcuma) in Slovenia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1.9 | 55.1 | N/A | 45.3 | 187.8% |
| Hungary | N/A | 18.7 | 50.8 | 24.5 | 14.5% |
| Lithuania | N/A | 6.9 | 7.1 | 11.6 | 29.7% |
| Austria | 38.5 | 37.0 | 71.2 | 4.6 | -50.7% |
| Switzerland | 6.9 | 12.2 | 11.1 | 0.2 | -69.3% |
| Others | 14.8 | 27.3 | 27.0 | 29.1 | 25.3% |
| Total | 62.2 | 157 | 167 | 115 | 22.7% |
Top Export Markets for Spices; Turmeric (Curcuma) from Slovenia in 2022:
- Slovakia (25.0 tons)
- Hungary (16.2 tons)
- Lithuania (0.8 tons)
- Austria (0.3 tons)
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