Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $4,970 per ton in November 2023, picking up by 2.1% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.8%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 33% against the previous month. The import price peaked at $5,494 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Brazil ($11,493 per ton), while the price for India ($2,219 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $8,223 per ton in November 2023, waning by -1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +4.8%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 27% against the previous month. Over the period under review, the average export prices hit record highs at $8,369 per ton in October 2023, and then dropped modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($22,779 per ton), while the average price for exports to Poland ($4,897 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany
In 2022, after three years of growth, there was decline in overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -2.7% to 63K tons. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13%.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced to $200M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.1 | 36.7 | 49.9 | 42.7 | 10.0% |
| Netherlands | 25.4 | 39.0 | 36.4 | 27.6 | 2.8% |
| Nigeria | 7.9 | 8.2 | 13.5 | 16.3 | 27.3% |
| India | 14.4 | 16.8 | 18.4 | 16.1 | 3.8% |
| Peru | 9.7 | 18.0 | 19.2 | 16.1 | 18.4% |
| Austria | 12.9 | 15.7 | 16.6 | 10.7 | -6.0% |
| Poland | 12.1 | 8.0 | 7.3 | 8.7 | -10.4% |
| Brazil | 4.9 | 6.6 | 6.6 | 4.9 | 0.0% |
| Italy | 5.0 | 5.4 | 5.0 | 4.7 | -2.0% |
| Spain | 5.0 | 4.5 | 4.6 | 4.3 | -4.9% |
| Croatia | 1.2 | 4.0 | 4.7 | 4.1 | 50.6% |
| Belgium | 3.8 | 4.8 | 4.4 | 3.7 | -0.9% |
| Egypt | 2.3 | 3.6 | 3.6 | 3.3 | 12.8% |
| Others | 36.8 | 39.3 | 43.9 | 36.5 | -0.3% |
| Total | 173 | 211 | 234 | 200 | 5.0% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Germany in 2022:
- China (19.2K tons)
- Peru (6.9K tons)
- Netherlands (6.8K tons)
- India (6.4K tons)
- Nigeria (6.0K tons)
- Poland (2.6K tons)
- Italy (1.5K tons)
- Egypt (1.2K tons)
- Austria (1.2K tons)
- Croatia (1.2K tons)
- Spain (1.2K tons)
- Brazil (1.1K tons)
- Belgium (0.7K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany
In 2022, after three years of growth, there was significant decline in overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -17.3% to 19K tons. The total export volume increased at an average annual rate of +2.7% 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 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of 23K tons, and then contracted rapidly in the following year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced markedly to $110M in 2022. Over the period under review, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 16% against the previous year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 13.2 | 14.3 | 17.1 | 14.2 | 2.5% |
| Netherlands | 12.2 | 15.1 | 19.0 | 12.0 | -0.5% |
| Austria | 12.8 | 16.4 | 16.1 | 11.8 | -2.7% |
| Switzerland | 6.0 | 8.0 | 9.8 | 8.9 | 14.0% |
| France | 21.3 | 24.0 | 23.7 | 8.2 | -27.3% |
| United States | 3.0 | 3.8 | 4.3 | 5.5 | 22.4% |
| Italy | 5.0 | 4.3 | 4.8 | 4.6 | -2.7% |
| Spain | 4.6 | 4.0 | 4.7 | 4.5 | -0.7% |
| United Kingdom | 4.3 | 6.0 | 4.8 | 3.7 | -4.9% |
| Belgium | 5.3 | 6.2 | 7.1 | 3.6 | -12.1% |
| Czech Republic | 3.1 | 3.6 | 4.2 | 3.4 | 3.1% |
| Sweden | 5.3 | 6.0 | 6.1 | 3.1 | -16.4% |
| Finland | 1.9 | 2.4 | 2.2 | 1.5 | -7.6% |
| Others | 24.5 | 28.3 | 32.1 | 24.7 | 0.3% |
| Total | 122 | 143 | 156 | 110 | -3.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Germany in 2022:
- Netherlands (3.6K tons)
- Poland (3.3K tons)
- Austria (2.2K tons)
- Spain (0.9K tons)
- Italy (0.7K tons)
- Czech Republic (0.7K tons)
- Switzerland (0.7K tons)
- Sweden (0.7K tons)
- France (0.6K tons)
- Belgium (0.6K tons)
- United Kingdom (0.5K tons)
- United States (0.4K tons)
- Finland (0.3K tons)
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