Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $7,029 per ton, with an increase of 114% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses increased by +121.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($11,886 per ton), while the price for China ($2,428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+36.9%), 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 the Dominican Republic (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,238 per ton, which is down by -15.8% against the previous year. In general, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 80%. The export price peaked at $3,845 per ton in 2021, and then dropped remarkably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($6,135 per ton), while the average price for exports to Canada ($382 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 France (+12.7%), 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 the Dominican Republic
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -78.6% to 228 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 193% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses plummeted to $1.6M in 2022. Overall, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 423 | 484 | 620 | 620 | 13.6% |
| United States | 437 | 583 | 561 | 385 | -4.1% |
| India | 204 | 238 | 356 | 243 | 6.0% |
| Turkey | 16.7 | 106 | 177 | 143 | 104.6% |
| Egypt | 12.0 | 7.2 | 15.3 | 54.0 | 65.1% |
| China | 41.3 | 30.5 | 158 | 34.6 | -5.7% |
| Lebanon | 8.7 | 3.9 | 5.0 | 15.8 | 22.0% |
| Peru | 106 | 784 | 917 | 12.4 | -51.1% |
| Ecuador | N/A | 125 | 479 | N/A | 283.2% |
| Others | 188 | 183 | 211 | 95.2 | -20.3% |
| Total | 1,438 | 2,544 | 3,499 | 1,603 | 3.7% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to the Dominican Republic in 2022:
- India (55.6 tons)
- Spain (52.2 tons)
- United States (38.0 tons)
- Turkey (36.8 tons)
- China (14.2 tons)
- Egypt (12.8 tons)
- Lebanon (5.5 tons)
- Peru (3.4 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic
In 2022, approx. 94 tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from the Dominican Republic; reducing by -30.8% against the previous year's figure. Overall, exports recorded a sharp slump. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank sharply to $304K in 2022. In general, exports recorded a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 49%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 285 | 73.3 | 170 | 216 | -8.8% |
| Jamaica | 4.4 | 6.8 | 13.0 | 24.2 | 76.5% |
| Haiti | 146 | 187 | 269 | 20.1 | -48.4% |
| Trinidad and Tobago | 39.6 | 37.8 | 31.1 | 8.1 | -41.1% |
| Canada | 0.4 | N/A | N/A | 4.9 | 130.5% |
| Turks and Caicos Islands | 6.9 | 0.7 | 1.3 | 4.3 | -14.6% |
| France | 38.0 | 25.8 | 11.6 | 4.0 | -52.8% |
| Netherlands | 43.0 | 9.4 | 3.8 | 0.3 | -80.9% |
| Italy | 38.4 | N/A | N/A | N/A | 0% |
| Others | 22.9 | 9.9 | 22.2 | 22.2 | -1.0% |
| Total | 625 | 351 | 522 | 304 | -21.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from the Dominican Republic in 2022:
- United States (59.5 tons)
- Canada (12.8 tons)
- Haiti (5.2 tons)
- Turks and Caicos Islands (5.0 tons)
- Jamaica (4.0 tons)
- Trinidad and Tobago (1.3 tons)
- France (1.0 tons)
- Netherlands (0.1 tons)
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