Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (FOB) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (CIF) - 2023
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $1,733 per ton in November 2023, declining by -45.8% against the previous month. In general, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 62% against the previous month. The export price peaked at $3,666 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($7,327 per ton), while the average price for exports to Germany ($671 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (CIF) - 2023
In November 2023, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $2,801 per ton, with a decrease of -14.1% against the previous month. In general, import price indicated a tangible expansion from November 2022 to November 2023: its price increased at an average monthly rate of +4.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -14.9% against September 2023 indices. The pace of growth appeared the most rapid in January 2023 an increase of 39% month-to-month. Over the period under review, average import prices attained the maximum at $3,292 per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Turkey ($5,313 per ton), while the price for Germany ($1,727 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -16% to 85K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 19%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped remarkably to $224M in 2022. Over the period under review, exports saw a slight contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 30%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.5 | 84.1 | 99.8 | 62.2 | 1.5% |
| Belgium | 26.1 | 33.4 | 36.3 | 26.1 | 0.0% |
| Poland | 15.8 | 27.2 | 25.3 | 13.9 | -4.2% |
| France | 13.2 | 19.8 | 20.5 | 13.7 | 1.2% |
| Denmark | 7.4 | 6.1 | 8.1 | 12.5 | 19.1% |
| United Kingdom | 15.3 | 14.6 | 10.3 | 8.2 | -18.8% |
| Switzerland | 5.8 | 9.8 | 8.9 | 6.6 | 4.4% |
| Sweden | 8.9 | 10.3 | 11.1 | 6.5 | -9.9% |
| Curacao | 11.2 | 10.1 | 7.6 | 5.6 | -20.6% |
| Italy | 5.5 | 5.9 | 6.5 | 5.3 | -1.2% |
| Czech Republic | 4.4 | 4.5 | 5.7 | 4.3 | -0.8% |
| Russia | 3.1 | 1.3 | 1.5 | 3.9 | 8.0% |
| Romania | 2.3 | 3.7 | 3.4 | 2.2 | -1.5% |
| Others | 52.9 | 69.0 | 69.1 | 53.3 | 0.3% |
| Total | 231 | 300 | 314 | 224 | -1.0% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from the Netherlands in 2022:
- Germany (15.7K tons)
- Belgium (8.3K tons)
- Poland (7.1K tons)
- Sweden (6.7K tons)
- France (6.6K tons)
- Denmark (6.1K tons)
- United Kingdom (3.1K tons)
- Curacao (2.5K tons)
- Switzerland (2.2K tons)
- Czech Republic (2.1K tons)
- Russia (2.0K tons)
- Italy (1.9K tons)
- Romania (1.8K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -13.3% to 101K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 118K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell markedly to $182M in 2022. Overall, total imports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +3.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 58%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.5 | 109 | 101 | 52.4 | -5.2% |
| Brazil | 10.3 | 19.2 | 22.8 | 21.4 | 27.6% |
| Germany | 21.7 | 26.6 | 30.6 | 21.4 | -0.5% |
| Peru | 13.8 | 38.1 | 29.0 | 20.5 | 14.1% |
| Belgium | 17.0 | 17.7 | 18.4 | 11.8 | -11.5% |
| Spain | 6.8 | 10.0 | 12.7 | 10.8 | 16.7% |
| India | 8.6 | 8.7 | 11.8 | 10.3 | 6.2% |
| Others | 25.2 | 31.0 | 48.3 | 33.6 | 10.1% |
| Total | 165 | 260 | 275 | 182 | 3.3% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to the Netherlands in 2022:
- China (38.7K tons)
- Brazil (16.2K tons)
- Peru (14.1K tons)
- Germany (9.6K tons)
- Spain (6.1K tons)
- India (4.4K tons)
- Belgium (2.8K tons)
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