Spices; Turmeric (Curcuma) Price in Jordan - 2022
Contents:
- Spices; Turmeric (Curcuma) Price in Jordan (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Jordan (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Jordan
- Spices; Turmeric (Curcuma) Exports in Jordan
Spices; Turmeric (Curcuma) Price in Jordan (CIF) - 2022
In 2022, the average spices; turmeric (curcuma) import price amounted to $2,382 per ton, rising by 7.7% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($2,382 per ton), while the price for Ethiopia ($2,382 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Jordan (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $1,469 per ton, with a decrease of -17.2% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; turmeric (curcuma) export price increased by +42.6% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. The export price peaked at $1,775 per ton in 2021, and then reduced notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($1,469 per ton), while the average price for exports to Free Zones ($1,469 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Jordan
In 2022, purchases abroad of spices; turmeric (curcuma) increased by 31% to 424 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt shrinkage.
In value terms, spices; turmeric (curcuma) imports surged to $1M in 2022. The total import value increased at an average annual rate of +8.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Turmeric (Curcuma) in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 721 | 734 | 624 | 926 | 8.7% |
| Bangladesh | 25.5 | 7.4 | 23.9 | 49.5 | 24.7% |
| Ethiopia | 19.7 | 2.9 | 28.6 | 23.4 | 5.9% |
| United Arab Emirates | 28.1 | 1.9 | 35.0 | 9.0 | -31.6% |
| Others | 1.5 | 6.7 | 2.1 | 1.5 | 0.0% |
| Total | 796 | 753 | 713 | 1,009 | 8.2% |
Top Suppliers of Spices; Turmeric (Curcuma) to Jordan in 2022:
- India (388.7 tons)
- Bangladesh (20.8 tons)
- Ethiopia (9.8 tons)
- United Arab Emirates (3.8 tons)
Spices; Turmeric (Curcuma) Exports in Jordan
In 2022, shipments abroad of spices; turmeric (curcuma) was finally on the rise to reach 110 tons after two years of decline. Over the period under review, exports, however, showed a sharp decrease.
In value terms, spices; turmeric (curcuma) exports skyrocketed to $161K in 2022. In general, exports, however, showed a deep contraction.
| Export of Spices; Turmeric (Curcuma) in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 79.0 | 0% |
| Free Zones | 296 | 276 | 101 | 56.8 | -42.3% |
| Palestine | N/A | N/A | 26.9 | 25.5 | -5.2% |
| Others | N/A | N/A | 6.9 | N/A | 0% |
| Total | 296 | 276 | 134 | 161 | -18.4% |
Top Export Markets for Spices; Turmeric (Curcuma) from Jordan in 2022:
- India (53.8 tons)
- Free Zones (38.6 tons)
- Palestine (17.4 tons)
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