Price for Herbs; Thyme, Bay Leaves in the UK - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in the UK (CIF) - 2022
- Price for Herbs; Thyme, Bay Leaves in the UK (FOB) - 2022
- Imports of Herbs; Thyme, Bay Leaves in the UK
- Exports of Herbs; Thyme, Bay Leaves in the UK
Price for Herbs; Thyme, Bay Leaves in the UK (CIF) - 2022
The average herbs; thyme, bay leaves import price stood at $17,997 per ton in 2022, jumping by 22% against the previous year. In general, the import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
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 +19.4% per year.
Price for Herbs; Thyme, Bay Leaves in the UK (FOB) - 2022
In 2022, the average herbs; thyme, bay leaves export price amounted to $17,000 per ton, growing by 23% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($21,000 per ton), while the average price for exports to Barbados amounted to $3,667 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+8.8%).
Imports of Herbs; Thyme, Bay Leaves in the UK
In 2022, approx. 54 tons of herbs were imported into the UK; which is down by -8.1% compared with 2021. Overall, imports saw a abrupt shrinkage.
In value terms, herbs; thyme, bay leaves imports rose rapidly to $970K in 2022. The total import value increased at an average annual rate of +12.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Herbs; Thyme, Bay Leaves in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 687 | 771 | 865 | 970 | 12.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 687 | 771 | 865 | 970 | 12.2% |
Top Suppliers of Herbs; Thyme, Bay Leaves to the UK in 2022:
- Morocco (53.9 tons)
Exports of Herbs; Thyme, Bay Leaves in the UK
In 2022, approx. 13 kg of herbs were exported from the UK; reducing by -23.5% against the previous year's figure. In general, exports faced a significant decrease. The smallest decline of -19% was in 2021.
In value terms, herbs; thyme, bay leaves exports dropped to $221 in 2022. Overall, exports continue to indicate a deep contraction. The smallest decline of -5.6% was in 2021.
| Export of Herbs; Thyme, Bay Leaves in the UK (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Seychelles | 251 | 236 | 223 | 210 | -5.8% |
| Barbados | 14.0 | 13.0 | 12.0 | 11.0 | -7.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 265 | 249 | 235 | 221 | -5.9% |
Top Export Markets for Herbs; Thyme, Bay Leaves from the UK in 2022:
- Seychelles (10.0 kg)
- Barbados (3.0 kg)
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