Spices; Turmeric (Curcuma) Price in Tanzania - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Tanzania (FOB) - 2022
- Spices; Turmeric (Curcuma) Price in Tanzania (CIF) - 2022
- Spices; Turmeric (Curcuma) Exports in Tanzania
- Spices; Turmeric (Curcuma) Imports in Tanzania
Spices; Turmeric (Curcuma) Price in Tanzania (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $4,738 per ton in 2022, waning by -30.4% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs at $6,804 per ton in 2021, and then fell markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($6,439 per ton), while the average price for exports to Bahrain ($1,979 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 Australia (+86.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Tanzania (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $4,834 per ton in 2022, jumping by 65% against the previous year. Over the period under review, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2016 an increase of 222%. The import price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($8,338 per ton), while the price for the United States ($186 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Exports in Tanzania
In 2022, shipments abroad of spices; turmeric (curcuma) was finally on the rise to reach 18 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) exports surged to $86K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 67.7 | 0% |
| Australia | N/A | 0.1 | N/A | 13.7 | 1070.5% |
| Turkey | N/A | N/A | N/A | 2.3 | 0% |
| Bahrain | N/A | N/A | N/A | 1.6 | 0% |
| Others | 0.3 | 0.2 | 0.3 | 0.8 | 38.7% |
| Total | 0.3 | 0.3 | 0.3 | 86.1 | 559.6% |
Top Export Markets for Spices; Turmeric (Curcuma) from Tanzania in 2022:
- France (14.5 tons)
- Australia (2.1 tons)
- Bahrain (0.8 tons)
- Turkey (0.5 tons)
Spices; Turmeric (Curcuma) Imports in Tanzania
In 2022, purchases abroad of spices; turmeric (curcuma) decreased by -97.3% to 471 kg for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 43%.
In value terms, spices; turmeric (curcuma) imports reduced markedly to $2.3K in 2022. In general, imports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 109% against the previous year. As a result, imports attained the peak of $62K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Turmeric (Curcuma) in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.8 | 21.5 | 26.3 | 1.8 | -46.6% |
| United Arab Emirates | 13.3 | 10.7 | 20.4 | 0.4 | -68.9% |
| Kenya | 3.4 | 7.2 | 3.9 | N/A | 7.1% |
| United States | N/A | N/A | N/A | N/A | 0% |
| Others | 1.1 | 22.3 | 0.9 | N/A | -9.5% |
| Total | 29.6 | 61.7 | 51.4 | 2.3 | -57.3% |
Top Suppliers of Spices; Turmeric (Curcuma) to Tanzania in 2022:
- India (219.0 kg)
- United Arab Emirates (155.0 kg)
- United States (97.0 kg)
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