Spices; Turmeric (Curcuma) Price in Israel - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Israel (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Israel (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Israel
- Spices; Turmeric (Curcuma) Exports in Israel
Spices; Turmeric (Curcuma) Price in Israel (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $2,382 per ton in 2022, rising by 1.9% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2018 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $2,623 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($2,382 per ton) and India ($2,382 per ton), while the price for Italy ($2,382 per ton) and the UK ($2,382 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Israel (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $1,468 per ton, reducing by -33.1% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when the average export price increased by 18%. Over the period under review, the average export prices reached the maximum at $7,205 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +4.0% per year.
Spices; Turmeric (Curcuma) Imports in Israel
In 2022, approx. 872 tons of spices; turmeric (curcuma) were imported into Israel; falling by -5.2% on the previous year. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. As a result, imports attained the peak of 920 tons, and then dropped in the following year.
In value terms, spices; turmeric (curcuma) imports shrank modestly to $2.1M in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 93%. As a result, imports reached the peak of $2.1M, and then reduced in the following year.
| Import of Spices; Turmeric (Curcuma) in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,053 | 956 | 1,306 | 1,235 | 5.5% |
| Italy | 13.0 | 28.0 | 705 | 639 | 266.3% |
| Brazil | 8.0 | N/A | 93.0 | 95.0 | 128.1% |
| United Kingdom | N/A | 74.0 | N/A | 43.0 | -23.8% |
| Vietnam | N/A | N/A | N/A | 39.0 | 0% |
| China | 46.0 | 34.0 | 14.0 | 13.0 | -34.4% |
| Others | 28.0 | 20.0 | 32.0 | 13.0 | -22.6% |
| Total | 1,148 | 1,112 | 2,150 | 2,077 | 21.9% |
Top Suppliers of Spices; Turmeric (Curcuma) to Israel in 2022:
- India (518.5 tons)
- Italy (268.3 tons)
- Brazil (39.9 tons)
- United Kingdom (18.1 tons)
- Vietnam (16.4 tons)
- China (5.5 tons)
Spices; Turmeric (Curcuma) Exports in Israel
Spices; turmeric (curcuma) exports from Israel reduced sharply to 681 kg in 2022, with a decrease of -86.4% compared with the year before. Over the period under review, exports showed a dramatic slump. The smallest decline of -15.3% was in 2021.
In value terms, spices; turmeric (curcuma) exports shrank rapidly to $1K in 2022. Overall, exports saw a sharp decline. The smallest decline of -31.9% was in 2020.
| Export of Spices; Turmeric (Curcuma) in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 1.0 | 0% |
| Russia | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Palestine | 9.4 | N/A | N/A | N/A | 0% |
| United States | 12.6 | 19.6 | 8.2 | N/A | -19.3% |
| Iceland | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Canada | 2.1 | 0.4 | 0.5 | N/A | -51.2% |
| Others | 5.4 | 0.4 | 2.3 | N/A | -34.7% |
| Total | 30.4 | 20.7 | 11.0 | 1.0 | -68.0% |
Top Export Markets for Spices; Turmeric (Curcuma) from Israel in 2022:
- Ukraine (681.0 kg)
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