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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