Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,157 per ton, growing by 4.8% against the previous year. Overall, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2015 an increase of 72%. As a result, import price attained the peak level of $3,767 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 ($17,347 per ton), while the price for India ($1,524 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 (+7.3%), 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 Venezuela (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $6,683 per ton, surging by 123% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $9,917 per ton in 2017; however, from 2018 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 UK ($13,167 per ton), while the average price for exports to the United States stood at $6,280 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.2%), 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 Venezuela
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -6.9% to 187 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 236% against the previous year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped modestly to $590K in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 284%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 18.9 | 58.3 | 124 | 149 | 99.0% |
| United States | 38.2 | 176 | 267 | 144 | 55.6% |
| Lebanon | 73.3 | 194 | 75.6 | 126 | 19.8% |
| Turkey | 1.3 | 15.5 | 62.4 | 67.3 | 272.7% |
| Germany | 14.4 | 23.6 | 47.8 | 43.4 | 44.4% |
| Vietnam | N/A | N/A | N/A | 12.2 | 0% |
| China | N/A | 47.2 | N/A | 7.2 | -60.9% |
| France | N/A | 29.4 | N/A | N/A | 0% |
| Others | 3.7 | 32.2 | 28.4 | 40.5 | 122.0% |
| Total | 150 | 576 | 605 | 590 | 57.9% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Venezuela in 2022:
- India (98.0 tons)
- Lebanon (25.8 tons)
- Turkey (23.9 tons)
- United States (17.3 tons)
- Germany (10.9 tons)
- Vietnam (5.6 tons)
- China (2.3 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses exported from Venezuela contracted sharply to 290 kg, waning by -33.5% against the previous year. In general, exports recorded a deep reduction. The smallest decline of -5.6% was in 2021.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses soared to $1.9K in 2022. Over the period under review, exports faced a deep downturn.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,264 | 1,275 | N/A | 1,683 | -9.4% |
| United Kingdom | N/A | 33.0 | N/A | 237 | 168.0% |
| Spain | 1,338 | 1,261 | 75.0 | N/A | -76.3% |
| Trinidad and Tobago | N/A | N/A | 665 | N/A | 0% |
| Others | N/A | 1.0 | 568 | 18.0 | 324.3% |
| Total | 3,602 | 2,570 | 1,308 | 1,938 | -18.7% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Venezuela in 2022:
- United States (268.0 kg)
- United Kingdom (18.0 kg)
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