Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru - 2022
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (CIF) - 2022
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $1,190 per ton, dropping by -43.3% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2020 an increase of 16% against the previous year. The export price peaked at $2,806 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($1,857 per ton), while the average price for exports to Chile ($390 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 the UK (-3.6%), while the prices for the other major destinations experienced a decline.
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $5,222 per ton in 2022, dropping by -4.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. The import price peaked at $5,598 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($11,184 per ton), while the price for India ($2,106 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.2%), 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 Peru
In 2022, after three years of growth, there was significant decline in overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -9.3% to 58K tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 113%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped dramatically to $69M in 2022. In general, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 146% against the previous year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.3 | 41.9 | 55.9 | 30.9 | 19.1% |
| Netherlands | 14.9 | 42.9 | 37.0 | 16.8 | 4.1% |
| Spain | 3.0 | 5.9 | 6.7 | 3.8 | 8.2% |
| Canada | 2.5 | 5.3 | 6.5 | 3.3 | 9.7% |
| Germany | 0.9 | 3.1 | 5.6 | 3.0 | 49.4% |
| United Kingdom | 0.1 | 1.8 | 3.1 | 2.0 | 171.4% |
| Russia | 1.5 | 3.4 | 4.9 | 1.0 | -12.6% |
| Chile | 0.6 | 0.9 | 1.4 | 0.8 | 10.1% |
| Others | 3.7 | 6.8 | 13.2 | 7.5 | 26.6% |
| Total | 45.5 | 112 | 134 | 69.1 | 14.9% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Peru in 2022:
- United States (25.5K tons)
- Netherlands (16.1K tons)
- Spain (3.1K tons)
- Canada (2.9K tons)
- Chile (2.0K tons)
- United Kingdom (1.9K tons)
- Germany (1.6K tons)
- Russia (0.8K tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru
In 2022, approx. 361 tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were imported into Peru; growing by 28% on the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 32%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses soared to $1.9M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 748 | 792 | 1,013 | 925 | 7.3% |
| United States | 119 | 190 | 270 | 396 | 49.3% |
| Turkey | 159 | 303 | 89.8 | 217 | 10.9% |
| China | 14.1 | 36.2 | 31.6 | 215 | 148.0% |
| India | 41.6 | 67.4 | 75.3 | 97.6 | 32.9% |
| Others | 84.6 | 51.9 | 63.0 | 34.2 | -26.1% |
| Total | 1,166 | 1,440 | 1,542 | 1,885 | 17.4% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Peru in 2022:
- Spain (145.6 tons)
- China (72.3 tons)
- Turkey (59.1 tons)
- India (46.3 tons)
- United States (35.4 tons)
983
This report provides an in-depth analysis of the ginger market in Peru.
65
This report provides an in-depth analysis of the market for spices except pepper or ginger in Peru.
552
This report provides an in-depth analysis of the market for dog and cat food in Peru.
1047
This report provides an in-depth analysis of the apricot market in Peru.
895
This report provides an in-depth analysis of the virgin olive oil market in Peru.
703
This report provides an in-depth analysis of the paint and varnish market in Peru.
239
This report provides an in-depth analysis of the olive oil market in Peru.
412
This report provides an in-depth analysis of the encased lead pencil market in Peru.
322
This report provides an in-depth analysis of the assembled clock movements market in Peru.
427
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Peru.
993
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1060
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
802
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7569
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8622
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1395
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7909
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
11955
In 2015, the leading ginger consuming markets were India (X%), Indonesia (X%), Nepal (X%), Nigeria (X%), and China (X%), together accounting for approximately X% of global consumption. These countries were also amongst the leading producers on the g
1637
From 2007 to 2015, global exports on the ginger market grew by +X% per year, amounting to X million USD in 2015. In physical terms, exports were X thousand tons in 2015, X thousand tons more than the year before.
3406
The global ginger production was estimated at X thousand tons in 2015, which was X thousand tons (or X%) more than in 2014.
