Spices; Turmeric (Curcuma) Price in the Netherlands - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in the Netherlands (FOB) - 2023
- Spices; Turmeric (Curcuma) Price in the Netherlands (CIF) - 2022
- Spices; Turmeric (Curcuma) Exports in the Netherlands
- Spices; Turmeric (Curcuma) Imports in the Netherlands
Spices; Turmeric (Curcuma) Price in the Netherlands (FOB) - 2023
In June 2023, the average spices; turmeric (curcuma) export price amounted to $3,760 per ton, surging by 5.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% m-o-m. The export price peaked in June 2023.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was the UK ($4,417 per ton), while the average price for exports to Spain ($1,989 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in the Netherlands (CIF) - 2022
In 2021, the average spices; turmeric (curcuma) import price amounted to $2,115 per ton, with an increase of 4.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 24%. As a result, import price attained the peak level of $2,474 per ton. From 2017 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,949 per ton), while the price for India ($1,856 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-0.5%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Exports in the Netherlands
After three years of growth, shipments abroad of spices; turmeric (curcuma) decreased by -3.9% to 4.4K tons in 2022. The total export volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year.
In value terms, spices; turmeric (curcuma) exports declined to $15M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 45%.
| Export of Spices; Turmeric (Curcuma) in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 3,419 | 5,360 | 5,791 | 30.1% | |
| Austria | 689 | 747 | 1,198 | 31.9% | |
| France | 735 | 1,110 | 1,105 | 22.6% | |
| Belgium | 565 | 1,152 | 848 | 22.5% | |
| United Kingdom | 646 | 993 | 787 | 10.4% | |
| Denmark | 460 | 816 | 765 | 29.0% | |
| Italy | 378 | 314 | 668 | 32.9% | |
| Ireland | 171 | 362 | 604 | 87.9% | |
| Spain | 647 | 722 | 518 | -10.5% | |
| Sweden | 455 | 399 | 406 | -5.5% | |
| Poland | 109 | 309 | 385 | 87.9% | |
| Switzerland | 307 | 468 | 272 | -5.9% | |
| Suriname | 25.5 | 35.7 | 131 | 126.7% | |
| Others | 1,145 | 1,369 | 2,801 | 56.4% | |
| Total | 9,752 | 14,157 | 16,279 | 29.2% | |
Top Export Markets for Spices; Turmeric (Curcuma) from the Netherlands in 2022:
- Germany (1383.7 tons)
- Austria (386.3 tons)
- France (320.8 tons)
- Belgium (277.8 tons)
- Italy (234.5 tons)
- Spain (195.1 tons)
- Denmark (186.1 tons)
- United Kingdom (176.3 tons)
- Poland (112.0 tons)
- Ireland (91.5 tons)
- Sweden (86.3 tons)
- Suriname (75.8 tons)
- Switzerland (73.9 tons)
Spices; Turmeric (Curcuma) Imports in the Netherlands
In 2022, overseas purchases of spices; turmeric (curcuma) decreased by -11.7% to 6.7K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% 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 +52.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 46%.
In value terms, spices; turmeric (curcuma) imports amounted to $16M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices; Turmeric (Curcuma) in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 5.8 | 5.7 | 7.0 | 9.9% | |
| Peru | 1.9 | 4.1 | 4.0 | 45.1% | |
| Germany | 0.4 | 1.5 | 2.3 | 139.8% | |
| Costa Rica | N/A | 0.2 | 0.4 | 100.0% | |
| Belgium | 0.2 | 0.3 | 0.3 | 22.5% | |
| Others | 0.9 | 1.3 | 2.1 | 52.8% | |
| Total | 9.3 | 13.0 | 16.1 | 31.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to the Netherlands in 2022:
- India (3.8K tons)
- Peru (2.1K tons)
- Germany (0.8K tons)
- Costa Rica (0.1K tons)
- Belgium (0.1K tons)
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