Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (CIF) - 2024
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (CIF) - 2024
In January 2024, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $7,119 per ton, waning by -4.4% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 23% against the previous month. The import price peaked at $7,612 per ton in July 2023; however, from August 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Poland ($40,964 per ton), while the price for Peru ($3,815 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Brazil (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $11,186 per ton, reducing by -15.4% against the previous year. Over the period under review, the export price, however, posted a tangible expansion. The growth pace was the most rapid in 2017 when the average export price increased by 120% against the previous year. Over the period under review, the average export prices reached the peak figure at $13,215 per ton in 2021, and then fell rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($62,909 per ton), while the average price for exports to the UK ($2,074 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 Spain (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway
In 2022, overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -4.4% to 1.7K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 1.9K 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 declined to $8.6M in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, imports attained the peak of $10M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,573 | 3,831 | 2,795 | 2,078 | -6.9% |
| Germany | 1,528 | 1,868 | 2,039 | 2,012 | 9.6% |
| Brazil | 276 | 432 | 704 | 896 | 48.1% |
| India | 492 | 648 | 732 | 545 | 3.5% |
| Netherlands | 107 | 195 | 175 | 291 | 39.6% |
| Sweden | 363 | 351 | 422 | 290 | -7.2% |
| Peru | 243 | 558 | 595 | 168 | -11.6% |
| Thailand | 168 | 162 | 215 | 141 | -5.7% |
| Others | 1,694 | 2,382 | 2,099 | 2,167 | 8.6% |
| Total | 7,444 | 10,428 | 9,776 | 8,589 | 4.9% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Norway in 2022:
- China (784.9 tons)
- Brazil (287.0 tons)
- Germany (201.8 tons)
- India (98.3 tons)
- Netherlands (41.5 tons)
- Sweden (40.9 tons)
- Peru (40.1 tons)
- Thailand (17.9 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway
In 2022, approx. 10 tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from Norway; falling by -6.4% on the previous year. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 163%. As a result, the exports attained the peak of 11 tons, and then shrank in the following year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses contracted sharply to $115K in 2022. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 166%. As a result, the exports reached the peak of $145K, and then shrank notably in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 42.3 | 26.2 | 57.4 | 52.9 | 7.7% |
| Netherlands | 15.2 | 13.2 | 30.8 | 39.2 | 37.1% |
| Denmark | 20.4 | 8.9 | 44.6 | 14.7 | -10.3% |
| United Kingdom | N/A | N/A | N/A | 4.8 | 0% |
| Spain | 7.2 | 2.7 | N/A | 1.4 | -42.1% |
| Vietnam | N/A | N/A | 9.3 | N/A | 0% |
| Others | 5.7 | 3.3 | 2.9 | 1.9 | -30.7% |
| Total | 90.8 | 54.4 | 145 | 115 | 8.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Norway in 2022:
- Netherlands (5.2 tons)
- United Kingdom (2.3 tons)
- Sweden (2.1 tons)
- Denmark (0.5 tons)
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