Spices; Turmeric (Curcuma) Price in Slovakia - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Slovakia (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Slovakia (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Slovakia
- Spices; Turmeric (Curcuma) Exports in Slovakia
Spices; Turmeric (Curcuma) Price in Slovakia (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $3,033 per ton in 2021, surging by 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 19%. The import price peaked in 2021 and is expected to retain 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 India ($68,928 per ton), while the price for the Netherlands ($2,527 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Slovakia (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $2,596 per ton, which is down by -10.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 69% against the previous year. As a result, the export price attained the peak level of $4,660 per ton. From 2014 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($3,210 per ton), while the average price for exports to the Czech Republic ($2,028 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-4.2%).
Spices; Turmeric (Curcuma) Imports in Slovakia
In 2022, approx. 163 tons of spices; turmeric (curcuma) were imported into Slovakia; picking up by 38% against 2021. The total import volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports soared to $473K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Spain | N/A | 119 | 143 | 20.2% | |
| Netherlands | N/A | 111 | 93.6 | -15.7% | |
| Poland | N/A | 36.6 | 57.9 | 58.2% | |
| Czech Republic | 13.1 | 33.1 | 35.2 | 63.9% | |
| Austria | 0.5 | 24.6 | 14.3 | 434.8% | |
| India | 263 | 0.6 | 1.5 | -92.4% | |
| Others | 4.5 | 10.5 | 12.4 | 66.0% | |
| Total | 282 | 335 | 358 | 12.7% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Slovakia in 2022:
- India (undefined tons)
- Spain (48.7 tons)
- Netherlands (37.0 tons)
- Poland (21.9 tons)
- Czech Republic (5.7 tons)
- Austria (3.1 tons)
Spices; Turmeric (Curcuma) Exports in Slovakia
Spices; turmeric (curcuma) exports from Slovakia soared to 17 tons in 2022, surging by 83% compared with the year before. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; turmeric (curcuma) exports soared to $73K in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Czech Republic | 13.7 | 14.5 | 15.5 | 6.4% | |
| Hungary | 3.0 | 3.1 | 4.7 | 25.2% | |
| Serbia | N/A | N/A | 0.6 | 0% | |
| Bulgaria | N/A | 6.7 | N/A | 0% | |
| Belgium | N/A | 2.9 | N/A | 0% | |
| Others | 1.8 | 1.8 | 3.8 | 45.3% | |
| Total | 18.4 | 28.9 | 24.6 | 15.6% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Slovakia in 2022:
- Czech Republic (7.6 tons)
- Hungary (1.5 tons)
- Serbia (0.2 tons)
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