Spices; Turmeric (Curcuma) Price in Estonia - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Estonia (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Estonia (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Estonia
- Spices; Turmeric (Curcuma) Exports in Estonia
Spices; Turmeric (Curcuma) Price in Estonia (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $3,020 per ton in 2022, shrinking by -17.5% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; turmeric (curcuma) import price increased by +10.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 30%. The import price peaked at $3,661 per ton in 2021, and then contracted markedly in the following year.
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 Latvia ($9,224 per ton), while the price for India ($2,474 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Estonia (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $12,530 per ton in 2022, falling by -1.8% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 45%. The export price peaked at $12,755 per ton in 2021, and then shrank modestly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($18,168 per ton), while the average price for exports to Finland ($2,450 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 Lithuania (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Estonia
In 2022, after two years of decline, there was significant growth in overseas purchases of spices; turmeric (curcuma), when their volume increased by 24% to 54 tons. In general, imports, however, recorded a deep contraction.
In value terms, spices; turmeric (curcuma) imports expanded modestly to $165K in 2022. Overall, imports, however, saw a abrupt shrinkage.
Import of Spices; Turmeric (Curcuma) in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | N/A | 38.7 | 81.3 | 69.5 | 34.0% |
India | 186 | 103 | 37.2 | 61.9 | -30.7% |
Finland | 9.4 | 13.7 | 12.2 | 11.9 | 8.2% |
Latvia | 0.6 | 9.2 | 8.9 | 7.7 | 134.1% |
Lithuania | N/A | 8.8 | 8.2 | 3.7 | -35.2% |
Others | 4.1 | 22.4 | 13.2 | 9.9 | 34.2% |
Total | 200 | 196 | 161 | 165 | -6.2% |
Top Suppliers of Spices; Turmeric (Curcuma) to Estonia in 2022:
- India (25.0 tons)
- Sweden (24.9 tons)
- Finland (1.5 tons)
- Latvia (0.8 tons)
- Lithuania (0.6 tons)
Spices; Turmeric (Curcuma) Exports in Estonia
For the third consecutive year, Estonia recorded decline in shipments abroad of spices; turmeric (curcuma), which decreased by -11.1% to 9.2 tons in 2022. Overall, exports showed a abrupt setback.
In value terms, spices; turmeric (curcuma) exports contracted to $116K in 2022. Over the period under review, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when exports increased by 9%. As a result, the exports reached the peak of $146K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Spices; Turmeric (Curcuma) in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 38.6 | 62.1 | 57.4 | 54.1 | 11.9% |
Latvia | 23.4 | 29.1 | 28.3 | 25.6 | 3.0% |
Sweden | 51.7 | 48.0 | 41.9 | 23.2 | -23.4% |
Belgium | N/A | N/A | N/A | 8.1 | 0% |
Poland | 2.1 | 2.0 | 2.4 | 2.7 | 8.7% |
Finland | 5.4 | 1.3 | 2.1 | 1.6 | -33.3% |
Russia | 10.2 | 2.1 | 0.2 | N/A | -86.0% |
Others | 2.5 | 1.5 | 0.2 | 0.2 | -56.9% |
Total | 134 | 146 | 132 | 116 | -4.7% |
Top Export Markets for Spices; Turmeric (Curcuma) from Estonia in 2022:
- Lithuania (3.0 tons)
- Sweden (2.8 tons)
- Latvia (1.4 tons)
- Belgium (1.0 tons)
- Finland (0.7 tons)
- Poland (0.3 tons)
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The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.