Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France (CIF) - 2023
In November 2023, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $6,180 per ton, with an increase of 8.8% against the previous month. Over the period under review, import price indicated a measured increase from November 2022 to November 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -18.8% against September 2023 indices. The pace of growth appeared the most rapid in June 2023 an increase of 39% month-to-month. The import price peaked at $7,612 per ton in September 2023; however, from October 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 Italy ($11,879 per ton), while the price for Canada ($2,525 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 (+10.4%), 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 France (FOB) - 2022
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $8,232 per ton in 2022, declining by -2.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 22%. The export price peaked at $10,034 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($24,147 per ton), while the average price for exports to Saudi Arabia ($4,386 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 the United States (+8.9%), 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 France
In 2022, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses into France rose to 23K tons, picking up by 2.2% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.8% against the previous year. As a result, imports reached the peak of 25K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank to $97M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 21% against the previous year. As a result, imports attained the peak of $113M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.3 | 20.4 | 18.6 | 17.8 | 13.1% |
| Netherlands | 6.5 | 22.4 | 21.2 | 16.5 | 36.4% |
| Germany | 21.6 | 24.8 | 19.3 | 13.7 | -14.1% |
| Belgium | 5.0 | 6.7 | 7.8 | 6.5 | 9.1% |
| Italy | 4.4 | 1.9 | 6.5 | 5.6 | 8.4% |
| India | 5.3 | 3.6 | 5.3 | 5.0 | -1.9% |
| Poland | 1.7 | 4.8 | 4.6 | 4.1 | 34.1% |
| China | 8.2 | 4.6 | 4.5 | 3.9 | -21.9% |
| Iran | 2.3 | 2.5 | 2.8 | 3.9 | 19.2% |
| Madagascar | 1.4 | 2.0 | 1.9 | 2.3 | 18.0% |
| United Kingdom | 2.1 | 5.9 | 1.6 | 1.7 | -6.8% |
| Brazil | 2.4 | 1.7 | 1.4 | 1.6 | -12.6% |
| Canada | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
| Others | 19.8 | 11.2 | 14.7 | 13.3 | -12.4% |
| Total | 93.2 | 113 | 111 | 96.6 | 1.2% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to France in 2022:
- Netherlands (6.9K tons)
- Spain (3.6K tons)
- Germany (2.3K tons)
- India (1.9K tons)
- China (1.4K tons)
- Belgium (1.4K tons)
- Italy (0.5K tons)
- Poland (0.5K tons)
- United Kingdom (0.5K tons)
- Iran (0.5K tons)
- Canada (0.4K tons)
- Madagascar (0.4K tons)
- Brazil (0.2K tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France
In 2022, approx. 4K tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from France; dropping by -18.6% on the year before. Over the period under review, exports continue to indicate a abrupt descent. The smallest decline of -0.1% was in 2020.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined significantly to $33M in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 2.2% against the previous year. As a result, the exports attained the peak of $42M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 4.4 | 3.0 | 4.6 | 4.6 | 1.5% |
| Switzerland | 4.5 | 5.2 | 5.1 | 4.1 | -3.1% |
| United Kingdom | 4.9 | 6.3 | 4.8 | 3.1 | -14.2% |
| Belgium | 3.1 | 3.6 | 3.6 | 3.1 | 0.0% |
| Portugal | 2.3 | 2.8 | 2.4 | 2.9 | 8.0% |
| Poland | 2.9 | 2.7 | 2.4 | 2.1 | -10.2% |
| Germany | 1.9 | 4.0 | 2.0 | 2.0 | 1.7% |
| United States | 2.8 | 1.8 | 1.5 | 1.7 | -15.3% |
| Spain | 1.1 | 1.2 | 1.6 | 1.3 | 5.7% |
| Netherlands | 0.7 | 1.0 | 1.0 | 1.1 | 16.3% |
| Italy | 0.8 | 0.7 | 0.9 | 1.0 | 7.7% |
| Sweden | 0.5 | 0.3 | 0.4 | 0.4 | -7.2% |
| Saudi Arabia | 4.2 | 3.2 | 3.0 | 0.3 | -58.5% |
| Others | 6.7 | 6.1 | 7.9 | 5.1 | -8.7% |
| Total | 40.9 | 41.8 | 41.3 | 32.8 | -7.1% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from France in 2022:
- United Kingdom (595.2 tons)
- Nigeria (516.3 tons)
- Switzerland (406.9 tons)
- Belgium (359.3 tons)
- Germany (275.7 tons)
- Portugal (265.5 tons)
- Spain (199.8 tons)
- Italy (196.9 tons)
- Poland (175.9 tons)
- Netherlands (119.8 tons)
- Sweden (96.3 tons)
- United States (69.8 tons)
- Saudi Arabia (57.6 tons)
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