Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel (CIF) - 2024
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel (CIF) - 2024
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $2,985 per ton in January 2024, declining by -11.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2023 an increase of 15% m-o-m. As a result, import price reached the peak level of $3,377 per ton, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was India ($6,849 per ton), while the price for China ($2,576 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+8.5%), 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 Israel (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $4,207 per ton, shrinking by -13.5% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by +0.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The export price peaked at $4,864 per ton in 2021, and then contracted in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($4,292 per ton), while the average price for exports to Singapore ($1,859 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 (+4.2%), 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 Israel
In 2022, after three years of growth, there was significant decline in overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -11.5% to 3.4K tons. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 +36.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses declined rapidly to $8.7M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 3.1 | 4.0 | 2.8 | 6.8% |
| India | 2.4 | 3.2 | 3.6 | 2.3 | -1.4% |
| Brazil | 0.4 | 0.9 | 1.0 | 0.7 | 20.5% |
| Italy | N/A | 0.2 | 0.8 | 0.7 | 87.1% |
| Thailand | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Turkey | 0.2 | 0.5 | 0.4 | 0.5 | 35.7% |
| Others | 0.6 | 1.2 | 1.3 | 1.0 | 18.6% |
| Total | 6.1 | 9.5 | 11.7 | 8.7 | 12.6% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Israel in 2022:
- China (1317.8 tons)
- India (858.2 tons)
- Brazil (333.0 tons)
- Thailand (332.0 tons)
- Italy (290.2 tons)
- Turkey (102.3 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel
In 2022, shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses was finally on the rise to reach 464 tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses surged to $2M in 2022. The total export value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 854 | 989 | 1,023 | 836 | -0.7% |
| United Kingdom | 134 | 113 | 208 | 262 | 25.0% |
| France | 19.0 | 81.0 | 140 | 254 | 137.3% |
| Australia | 146 | 107 | 20.0 | 135 | -2.6% |
| Netherlands | 5.0 | 14.0 | 30.0 | 104 | 175.0% |
| Canada | 10.0 | 88.0 | 8.0 | 82.0 | 101.7% |
| Germany | 174 | 66.0 | 15.0 | 31.0 | -43.7% |
| Singapore | 3.0 | 8.0 | 2.0 | 30.0 | 115.4% |
| Others | 371 | 155 | 245 | 219 | -16.1% |
| Total | 1,716 | 1,620 | 1,690 | 1,953 | 4.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Israel in 2022:
- United States (194.8 tons)
- United Kingdom (62.2 tons)
- France (59.8 tons)
- Australia (31.9 tons)
- Netherlands (24.5 tons)
- Canada (19.3 tons)
- Singapore (16.1 tons)
- Germany (7.3 tons)
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