Price for Herbs; Thyme, Bay Leaves in Australia - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in Australia (CIF) - 2022
- Price for Herbs; Thyme, Bay Leaves in Australia (FOB) - 2022
- Imports of Herbs; Thyme, Bay Leaves in Australia
- Exports of Herbs; Thyme, Bay Leaves in Australia
Price for Herbs; Thyme, Bay Leaves in Australia (CIF) - 2022
In 2022, the average herbs; thyme, bay leaves import price amounted to $14,402 per ton, rising by 7.4% against the previous year. Overall, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Morocco.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +15.6% per year.
Price for Herbs; Thyme, Bay Leaves in Australia (FOB) - 2022
The average herbs; thyme, bay leaves export price stood at $2,673 per ton in 2022, which is down by -5.2% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 59%. The export price peaked at $6,267 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Kiribati.
From 2012 to 2022, the rate of growth in terms of prices for Timor-Leste amounted to +54.5% per year.
Imports of Herbs; Thyme, Bay Leaves in Australia
In 2022, approx. 732 kg of herbs were imported into Australia; remaining stable against 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.4%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, herbs; thyme, bay leaves imports expanded significantly to $11K in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 7.9% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Herbs; Thyme, Bay Leaves in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 8.4 | 9.1 | 9.8 | 10.5 | 7.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.4 | 9.1 | 9.8 | 10.5 | 7.7% |
Top Suppliers of Herbs; Thyme, Bay Leaves to Australia in 2022:
- Morocco (731.0 kg)
Exports of Herbs; Thyme, Bay Leaves in Australia
In 2022, exports of herbs from Australia reduced to 251 kg, which is down by -13.1% against 2021 figures. In general, exports faced a abrupt downturn. The smallest decline of -11% was in 2020.
In value terms, herbs; thyme, bay leaves exports declined markedly to $671 in 2022. Overall, exports showed a abrupt shrinkage.
| Export of Herbs; Thyme, Bay Leaves in Australia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kiribati | 13.0 | 990 | 815 | 671 | 272.3% |
| Timor-Leste | 1,190 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,203 | 990 | 815 | 671 | -17.7% |
Top Export Markets for Herbs; Thyme, Bay Leaves from Australia in 2022:
- Kiribati (251.0 kg)
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