Spices; Turmeric (Curcuma) Price in Bolivia - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Bolivia (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Bolivia (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Bolivia
- Spices; Turmeric (Curcuma) Exports in Bolivia
Spices; Turmeric (Curcuma) Price in Bolivia (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $6,515 per ton in 2022, stabilizing at the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% 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) import price increased by +1.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 41% against the previous year. The import price peaked at $9,098 per ton in 2016; however, from 2017 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 Spain ($20,272 per ton), while the price for the United States ($5,662 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Price in Bolivia (FOB) - 2022
In 2022, the average spices; turmeric (curcuma) export price amounted to $383 per ton, dropping by -6.7% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 92% against the previous year. As a result, the export price reached the peak level of $487 per ton. From 2018 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Argentina amounted to +0.2% per year.
Spices; Turmeric (Curcuma) Imports in Bolivia
In 2022, approx. 4.3 tons of spices; turmeric (curcuma) were imported into Bolivia; surging by 6.6% against the previous year. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 226%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; turmeric (curcuma) imports expanded markedly to $28K in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 207%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Spices; Turmeric (Curcuma) in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 16.3 | N/A | 11.0 | 16.2 | -0.2% |
| United States | 1.3 | 6.0 | 9.9 | 6.8 | 73.6% |
| Spain | 2.0 | 0.8 | 2.5 | 2.3 | 4.8% |
| Argentina | 0.8 | 1.6 | 1.3 | 1.3 | 17.6% |
| Switzerland | N/A | N/A | 1.3 | 1.2 | -7.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 20.4 | 8.4 | 26.0 | 27.8 | 10.9% |
Top Suppliers of Spices; Turmeric (Curcuma) to Bolivia in 2022:
- Peru (2613.0 kg)
- United States (1203.0 kg)
- Argentina (213.0 kg)
- Switzerland (119.0 kg)
- Spain (114.0 kg)
Spices; Turmeric (Curcuma) Exports in Bolivia
In 2022, overseas shipments of spices; turmeric (curcuma) decreased by -20.8% to 19 tons, falling for the second consecutive year after two years of growth. In general, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2020 when exports increased by 5.6% against the previous year. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; turmeric (curcuma) exports shrank rapidly to $7.1K in 2022. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Bolivia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 9.2 | 12.2 | 9.7 | 7.1 | -8.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 9.2 | 12.2 | 9.7 | 7.1 | -8.3% |
Top Export Markets for Spices; Turmeric (Curcuma) from Bolivia in 2022:
- Argentina (18.6 tons)
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