Spices; Turmeric (Curcuma) Price in Uzbekistan - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Uzbekistan (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Uzbekistan (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Uzbekistan
- Spices; Turmeric (Curcuma) Exports in Uzbekistan
Spices; Turmeric (Curcuma) Price in Uzbekistan (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $391 per ton, reducing by -22.2% against the previous year. Over the period under review, the import price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2020 an increase of 74% against the previous year. As a result, import price reached the peak level of $653 per ton. From 2021 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 country with the highest price was India ($370 per ton), while the price for Ethiopia totaled $300 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.0%).
Spices; Turmeric (Curcuma) Price in Uzbekistan (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $1,295 per ton, with a decrease of -24.9% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 307%. The export price peaked at $7,650 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6,066 per ton), while the average price for exports to Belarus stood at $553 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+33.3%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Uzbekistan
In 2022, the amount of spices; turmeric (curcuma) imported into Uzbekistan soared to 116 tons, jumping by 66% compared with 2021 figures. Overall, imports showed a resilient increase. 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 $45K in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 7.5 | 27.7 | 33.8 | 41.0 | 76.2% |
| Ethiopia | N/A | N/A | N/A | 1.2 | 0% |
| United Arab Emirates | 25.6 | 5.3 | 0.7 | N/A | -83.5% |
| Others | 0.2 | 4.2 | 0.6 | 3.1 | 149.3% |
| Total | 33.3 | 37.3 | 35.1 | 45.3 | 10.8% |
Top Suppliers of Spices; Turmeric (Curcuma) to Uzbekistan in 2022:
- India (110.8 tons)
- Ethiopia (4.0 tons)
Spices; Turmeric (Curcuma) Exports in Uzbekistan
For the fourth year in a row, Uzbekistan recorded growth in overseas shipments of spices; turmeric (curcuma), which increased by 126% to 2.8 tons in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 212%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; turmeric (curcuma) exports skyrocketed to $3.7K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Turmeric (Curcuma) in Uzbekistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.5 | 0.5 | 2.3 | 114.5% |
| Belarus | 1.0 | N/A | N/A | 1.4 | 11.9% |
| Turkey | N/A | N/A | 1.1 | N/A | 0% |
| Others | 0.2 | 0.8 | 0.5 | N/A | 58.1% |
| Total | 1.2 | 1.4 | 2.2 | 3.7 | 45.5% |
Top Export Markets for Spices; Turmeric (Curcuma) from Uzbekistan in 2022:
- Belarus (2.5 tons)
- Germany (0.4 tons)
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