Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,745 per ton, growing by 16% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 21%. As a result, the export price attained the peak level of $3,175 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($11,649 per ton), while the average price for exports to Canada ($44 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 Afghanistan (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,293 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 13%. The import price peaked at $1,322 per ton in 2016; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($1,581 per ton) and China ($1,454 per ton), while the price for the United Arab Emirates ($1,126 per ton) and India ($1,225 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), 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 Iran
For the third consecutive year, Iran recorded decline in overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which decreased by -4% to 64K tons in 2022. In general, exports saw a abrupt setback.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses rose sharply to $175M in 2022. Over the period under review, exports continue to indicate a abrupt decrease.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 62.0 | 34.6 | 30.4 | 50.7 | -6.5% |
| United Arab Emirates | 79.5 | 34.1 | 58.6 | 29.1 | -28.5% |
| Afghanistan | 25.7 | 19.4 | 4.2 | 18.9 | -9.7% |
| China | 5.4 | 22.8 | 22.0 | 16.0 | 43.6% |
| Italy | 4.9 | 1.5 | 2.7 | 6.3 | 8.7% |
| Qatar | 9.2 | 3.7 | 4.4 | 5.5 | -15.8% |
| Kuwait | 2.2 | 4.5 | 2.7 | 4.6 | 27.9% |
| Germany | 2.8 | 1.8 | 1.5 | 2.9 | 1.2% |
| Australia | 0.7 | 0.7 | 0.9 | 2.0 | 41.9% |
| Bahrain | 1.2 | 0.9 | 1.1 | 1.5 | 7.7% |
| United Kingdom | 0.5 | 0.5 | 0.6 | 1.4 | 40.9% |
| Sweden | 3.2 | 1.9 | 1.4 | 1.2 | -27.9% |
| Canada | 0.4 | 0.5 | 0.8 | 0.8 | 26.0% |
| Others | 101 | 66.5 | 25.4 | 34.1 | -30.4% |
| Total | 299 | 193 | 157 | 175 | -16.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Iran in 2022:
- Canada (18.8K tons)
- Germany (9.8K tons)
- United Arab Emirates (5.3K tons)
- Spain (4.3K tons)
- Afghanistan (3.3K tons)
- China (3.3K tons)
- United Kingdom (2.3K tons)
- Qatar (1.7K tons)
- Kuwait (1.7K tons)
- Australia (1.3K tons)
- Bahrain (1.1K tons)
- Italy (1.1K tons)
- Sweden (1.1K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran
After three years of growth, overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -9.1% to 26K tons in 2022. The total import volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 29K tons, and then shrank in the following year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped to $34M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $37M, and then dropped in the following year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Iran (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.2 | 18.1 | 18.4 | 21.0 | 6.9% |
| United Arab Emirates | 4.2 | 7.1 | 13.3 | 5.2 | 7.4% |
| China | 3.9 | 3.7 | 3.4 | 4.3 | 3.3% |
| Indonesia | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Others | 1.6 | 1.5 | 1.5 | 2.5 | 16.0% |
| Total | 27.0 | 30.5 | 36.8 | 33.7 | 7.7% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Iran in 2022:
- India (17.1K tons)
- United Arab Emirates (4.6K tons)
- China (3.0K tons)
- Indonesia (0.4K tons)
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