Spices; Turmeric (Curcuma) Price in Uruguay - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Uruguay (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Uruguay (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Uruguay
- Spices; Turmeric (Curcuma) Exports in Uruguay
Spices; Turmeric (Curcuma) Price in Uruguay (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $2,677 per ton in 2021, dropping by -8.5% against the previous year. Overall, the import price continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 89% against the previous year. The import price peaked at $3,161 per ton in 2012; however, from 2013 to 2021, 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 Sri Lanka ($7,767 per ton), while the price for Indonesia ($693 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Uruguay (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $3,569 per ton, increasing by 30% against the previous year. Overall, the export price, however, recorded a abrupt slump. The export price peaked at $8,236 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Paraguay.
From 2012 to 2021, the rate of growth in terms of prices for Paraguay amounted to +6.2% per year.
Spices; Turmeric (Curcuma) Imports in Uruguay
In 2022, imports of spices; turmeric (curcuma) into Uruguay fell sharply to 20 tons, shrinking by -18.7% compared with 2021 figures. Overall, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports attained the peak of 25 tons, and then plummeted in the following year.
In value terms, spices; turmeric (curcuma) imports totaled $68K in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 58%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Peru | 2.5 | 18.6 | 17.1 | 161.5% | |
| Sri Lanka | 9.4 | 15.4 | 14.1 | 22.5% | |
| Germany | 5.0 | 10.7 | 10.2 | 42.8% | |
| Indonesia | 4.3 | 6.3 | 3.6 | -8.5% | |
| India | 12.0 | 2.2 | 2.0 | -59.2% | |
| China | N/A | 2.9 | N/A | 0% | |
| Egypt | 2.7 | N/A | N/A | 0% | |
| Others | 4.3 | 7.4 | 19.9 | 115.1% | |
| Total | 40.1 | 63.6 | 66.9 | 29.2% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Uruguay in 2022:
- Peru (9.0 tons)
- Indonesia (5.1 tons)
- Germany (4.3 tons)
- Sri Lanka (1.8 tons)
- India (1.2 tons)
Spices; Turmeric (Curcuma) Exports in Uruguay
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; turmeric (curcuma), when their volume increased by 333% to 1.7 tons. Overall, exports, however, showed a abrupt contraction.
In value terms, spices; turmeric (curcuma) exports surged to $4.6K in 2022. Over the period under review, exports, however, showed a noticeable downturn.
| Export of Spices; Turmeric (Curcuma) in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Paraguay | 0.8 | 3.5 | 4.4 | 134.5% | |
| Dominican Republic | 4.4 | N/A | N/A | 0% | |
| Others | N/A | 0.1 | -3.0 | -3100.0% | |
| Total | 5.3 | 3.6 | 1.4 | -48.6% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Uruguay in 2022:
- Paraguay (1.9 tons)
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