Spices; Turmeric (Curcuma) Price in Finland - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Finland (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Finland (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Finland
- Spices; Turmeric (Curcuma) Exports in Finland
Spices; Turmeric (Curcuma) Price in Finland (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $5,247 per ton in 2021, surging by 28% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($20,562 per ton), while the price for India ($2,404 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Finland (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $9,522 per ton, growing by 8.5% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 46% against the previous year. The export price peaked at $18,133 per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($10,596 per ton), while the average price for exports to Estonia amounted to $9,405 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Finland
In 2022, supplies from abroad of spices; turmeric (curcuma) decreased by -32.7% to 86 tons, falling for the second year in a row after two years of growth. In general, imports saw a deep setback. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of 137 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; turmeric (curcuma) imports contracted remarkably to $467K in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 23%.
Import of Spices; Turmeric (Curcuma) in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Germany | 73.6 | 224 | 354 | 119.3% | |
Netherlands | 28.4 | 170 | 105 | 92.3% | |
India | 200 | 27.3 | 80.5 | -36.6% | |
Sweden | 71.6 | 94.4 | 75.7 | 2.8% | |
Peru | 30.7 | N/A | N/A | 0% | |
Others | 52.5 | 47.6 | 55.6 | 2.9% | |
Total | 457 | 562 | 672 | 21.3% |
Top Suppliers of Spices; Turmeric (Curcuma) to Finland in 2022:
- Germany (44.0 tons)
- Netherlands (42.1 tons)
- India (33.5 tons)
- Sweden (3.7 tons)
Spices; Turmeric (Curcuma) Exports in Finland
Spices; turmeric (curcuma) exports from Finland was estimated at 1.7 tons in 2022, with an increase of 15% compared with the previous year's figure. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 54% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; turmeric (curcuma) exports shrank modestly to $14K in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 5.7%.
Export of Spices; Turmeric (Curcuma) in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Estonia | 8.9 | 13.3 | 13.4 | 22.7% | |
Russia | N/A | N/A | 0.9 | 0% | |
Denmark | 4.1 | 0.4 | N/A | -90.2% | |
Others | 0.3 | 0.4 | 0.2 | -18.4% | |
Total | 13.4 | 14.1 | 14.5 | 4.0% |
Top Export Markets for Spices; Turmeric (Curcuma) from Finland in 2022:
- Estonia (1423.0 kg)
- Russia (88.0 kg)
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