Spices; Turmeric (Curcuma) Price in Venezuela - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Venezuela (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Venezuela (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Venezuela
- Spices; Turmeric (Curcuma) Exports in Venezuela
Spices; Turmeric (Curcuma) Price in Venezuela (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $1,966 per ton, shrinking by -29.4% against the previous year. In general, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 72%. Over the period under review, average import prices hit record highs at $3,228 per ton in 2012; however, from 2013 to 2022, 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 the United States ($18,169 per ton), while the price for India ($1,452 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 States (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Venezuela (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $2,839 per ton in 2021, with a decrease of -6.9% against the previous year. In general, the export price showed a pronounced decrease. The growth pace was the most rapid in 2020 when the average export price decreased by -6.9% against the previous year. Over the period under review, the average export prices attained the maximum at $3,276 per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2016 to 2021, the rate of growth in terms of prices for the United States amounted to +42.8% per year.
Spices; Turmeric (Curcuma) Imports in Venezuela
In 2022, supplies from abroad of spices; turmeric (curcuma) decreased by -1.6% to 88 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 136%. As a result, imports attained the peak of 89 tons, and then fell in the following year.
In value terms, spices; turmeric (curcuma) imports fell sharply to $173K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 271%. As a result, imports reached the peak of $249K, and then contracted notably in the following year.
Import of Spices; Turmeric (Curcuma) in Venezuela (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 45.0 | 29.2 | 82.1 | 82.3 | 22.3% |
Germany | 1.8 | 14.1 | 42.3 | 36.0 | 171.4% |
Vietnam | N/A | N/A | N/A | 7.0 | 0% |
Peru | 5.6 | 4.5 | 5.0 | 5.2 | -2.4% |
United States | 6.0 | 5.3 | 76.7 | 2.9 | -21.5% |
Others | N/A | 14.0 | 42.6 | 39.2 | 67.3% |
Total | 58.4 | 67.0 | 249 | 173 | 43.6% |
Top Suppliers of Spices; Turmeric (Curcuma) to Venezuela in 2022:
- India (56.7 tons)
- Germany (8.2 tons)
- Vietnam (4.8 tons)
- Peru (2.7 tons)
- United States (0.2 tons)
Spices; Turmeric (Curcuma) Exports in Venezuela
In 2021, the amount of spices; turmeric (curcuma) exported from Venezuela soared to 5.2 tons, growing by 192% compared with the year before. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) exports surged to $15K in 2021. Over the period under review, exports saw 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 Venezuela (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Netherlands | N/A | N/A | 14.9 | 0% | |
Spain | 0.5 | 1.8 | N/A | 260.0% | |
United States | 0.9 | 1.8 | N/A | 100.0% | |
Others | 0.5 | 1.8 | N/A | 260.0% | |
Total | 2.0 | 5.5 | 14.9 | 172.9% |
Top Export Markets for Spices; Turmeric (Curcuma) from Venezuela in 2022:
- Netherlands (5.2 tons)
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