Spices; Turmeric (Curcuma) Price in Algeria - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Algeria (CIF) - 2022
- Spices; Turmeric (Curcuma) Imports in Algeria
Spices; Turmeric (Curcuma) Price in Algeria (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $831 per ton, with a decrease of -13.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $1,396 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($814 per ton), while the price for Ethiopia stood at $562 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%).
Spices; Turmeric (Curcuma) Imports in Algeria
In 2022, spices; turmeric (curcuma) imports into Algeria surged to 2.7K tons, growing by 17% on 2021 figures. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, spices; turmeric (curcuma) imports rose to $2.3M in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Turmeric (Curcuma) in Algeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,871 | 1,484 | 2,039 | 2,082 | 3.6% |
| Ethiopia | 37.5 | 45.6 | 72.4 | 62.4 | 18.5% |
| Others | 104 | 101 | 120 | 124 | 6.0% |
| Total | 2,013 | 1,630 | 2,231 | 2,268 | 4.1% |
Top Suppliers of Spices; Turmeric (Curcuma) to Algeria in 2022:
- India (2556.6 tons)
- Ethiopia (110.9 tons)
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