Spices; Turmeric (Curcuma) Price in Japan - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Japan (CIF) - 2023
- Spices; Turmeric (Curcuma) Price in Japan (FOB) - 2023
- Spices; Turmeric (Curcuma) Imports in Japan
- Spices; Turmeric (Curcuma) Exports in Japan
Spices; Turmeric (Curcuma) Price in Japan (CIF) - 2023
In July 2023, the average spices; turmeric (curcuma) import price amounted to $2,586 per ton, increasing by 13% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in May 2023 an increase of 22% month-to-month. As a result, import price attained the peak level of $2,678 per ton. From June 2023 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($3,538 per ton), while the price for India ($2,152 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Japan (FOB) - 2023
The average spices; turmeric (curcuma) export price stood at $129K per ton in July 2023, shrinking by -29.5% against the previous month. Over the period under review, the export price, however, continues to indicate a tangible expansion. The pace of growth was the most pronounced in June 2023 an increase of 1,002% against the previous month. As a result, the export price reached the peak level of $183K per ton, and then declined markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was France ($280K per ton), while the average price for exports to the United States ($75,172 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Imports in Japan
For the third consecutive year, Japan recorded decline in overseas purchases of spices; turmeric (curcuma), which decreased by -7% to 4.1K tons in 2022. In general, imports continue to indicate a noticeable slump. The smallest decline of -0.4% was in 2020.
In value terms, spices; turmeric (curcuma) imports expanded sharply to $9.4M in 2022. Overall, imports saw a noticeable reduction.
| Import of Spices; Turmeric (Curcuma) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 7.4 | 7.3 | 6.7 | -4.8% | |
| China | 2.7 | 1.7 | 1.4 | -28.0% | |
| Vietnam | 0.1 | 0.2 | 0.3 | 73.2% | |
| Others | 0.1 | 0.1 | 0.1 | 0.0% | |
| Total | 10.4 | 9.3 | 8.5 | -9.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Japan in 2022:
- India (3.8K tons)
- China (0.5K tons)
- Vietnam (0.1K tons)
Spices; Turmeric (Curcuma) Exports in Japan
For the fourth consecutive year, Japan recorded growth in overseas shipments of spices; turmeric (curcuma), which increased by 2,802% to 940 tons in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) exports totaled $3.7M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 369% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Spices; Turmeric (Curcuma) in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Canada | 229 | 1,419 | 2,278 | 215.4% | |
| United States | 178 | 406 | 696 | 97.7% | |
| Germany | 48.3 | 322 | 385 | 182.3% | |
| Australia | N/A | 110 | 98.8 | -10.2% | |
| Others | 61.6 | 169 | 102 | 28.7% | |
| Total | 517 | 2,425 | 3,560 | 162.4% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Japan in 2022:
- Canada (1564.8 tons)
- United States (452.3 tons)
- Germany (282.2 tons)
- Australia (0.9 tons)
2124
This report provides an in-depth analysis of the ginger market in Japan.
57
This report provides an in-depth analysis of the market for spices except pepper or ginger in Japan.
557
This report provides an in-depth analysis of the market for dog and cat food in Japan.
890
This report provides an in-depth analysis of the apricot market in Japan.
1077
This report provides an in-depth analysis of the virgin olive oil market in Japan.
550
This report provides an in-depth analysis of the paint and varnish market in Japan.
317
This report provides an in-depth analysis of the olive oil market in Japan.
420
This report provides an in-depth analysis of the encased lead pencil market in Japan.
351
This report provides an in-depth analysis of the assembled clock movements market in Japan.
391
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Japan.
225
From April 2023 to November 2023, the growth of Ginger imports did not pick up speed. The value of Ginger imports increased to $9.6M in November 2023.
278
During the period from April 2023 to November 2023, the import growth of Ginger remained at a lower figure. The value of Ginger imports experienced a surge, reaching $9.6M in November 2023.
1206
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).
1121
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.
818
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7737
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8673
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1414
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>
7995
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
12103
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
