Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,028 per ton, approximately reflecting the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 79%. The export price peaked at $2,759 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($1,803 per ton), while the average price for exports to Colombia ($419 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 Colombia (-2.5%), while the prices for the other major destinations experienced a decline.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2,829 per ton in 2022, picking up by 10% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the maximum at $4,186 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 the United States ($9,619 per ton), while the price for Colombia ($789 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador
After three years of growth, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -20.5% to 1.1K tons in 2022. In general, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 287%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined significantly to $1.1M in 2022. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 321%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 70.6 | 369 | 621 | 520 | 94.6% |
| Dominican Republic | 34.0 | 108 | 404 | 285 | 103.1% |
| Colombia | 12.7 | 70.2 | 120 | 205 | 152.7% |
| Others | 75.2 | 263 | 284 | 111 | 13.9% |
| Total | 193 | 811 | 1,429 | 1,120 | 79.7% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Ecuador in 2022:
- Colombia (489.1 tons)
- United States (373.7 tons)
- Dominican Republic (184.3 tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador
After three years of growth, supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -12.3% to 199 tons in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 64% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced slightly to $562K in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.1 | 124 | 172 | 109 | 114.1% |
| Guatemala | 159 | 39.4 | 80.1 | 100 | -14.3% |
| Turkey | 47.3 | 93.8 | 123 | 98.8 | 27.8% |
| Peru | 9.0 | 17.8 | 31.0 | 83.8 | 110.4% |
| Spain | 27.1 | 39.0 | 42.9 | 45.6 | 18.9% |
| United States | 18.5 | 29.0 | 32.8 | 30.1 | 17.6% |
| Poland | 8.3 | 13.8 | 22.1 | 24.8 | 44.0% |
| Germany | 25.8 | 6.8 | 13.9 | 11.5 | -23.6% |
| Thailand | 5.1 | 5.3 | 4.7 | 5.2 | 0.6% |
| Madagascar | N/A | 129 | N/A | N/A | 0% |
| Others | 29.8 | 43.5 | 58.9 | 52.5 | 20.8% |
| Total | 341 | 541 | 582 | 562 | 18.1% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Ecuador in 2022:
- India (53.9 tons)
- Peru (47.2 tons)
- Turkey (40.8 tons)
- Guatemala (28.5 tons)
- Spain (11.5 tons)
- Poland (3.8 tons)
- United States (3.1 tons)
- Thailand (2.6 tons)
- Germany (1.6 tons)
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