Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia - 2024
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia (CIF) - 2022
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,977 per ton in 2022, falling by -14% against the previous year. Overall, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2021 an increase of 32%. As a result, import price reached the peak level of $4,627 per ton, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($9,413 per ton), while the price for Myanmar ($600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.3%), 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 Australia (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $10,367 per ton, growing by 9.8% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($32,157 per ton), while the average price for exports to Papua New Guinea ($5,462 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 Sri Lanka (+28.4%), 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 Australia
In 2022, after three years of growth, there was significant decline in overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, when their volume decreased by -25.9% to 6.9K tons. Over the period under review, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports attained the peak of 9.3K tons, and then fell notably in the following year.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced remarkably to $28M in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 92% against the previous year. As a result, imports reached the peak of $43M, and then dropped rapidly in the following year.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.4 | 9.3 | 9.5 | 10.1 | 16.4% |
| China | 2.2 | 3.2 | 3.8 | 2.6 | 5.7% |
| Fiji | 0.1 | 0.3 | 1.2 | 1.6 | 152.0% |
| Turkey | 0.6 | 0.6 | 0.9 | 1.3 | 29.4% |
| Vietnam | 0.6 | 0.8 | 1.6 | 1.3 | 29.4% |
| Malaysia | 1.0 | 1.1 | 1.1 | 1.2 | 6.3% |
| Egypt | 0.3 | 0.4 | 0.7 | 0.8 | 38.7% |
| Thailand | 0.3 | 0.3 | 0.8 | 0.8 | 38.7% |
| Sri Lanka | 0.5 | 0.5 | 0.6 | 0.6 | 6.3% |
| Japan | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Jordan | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| Greece | 0.6 | 0.4 | 0.4 | 0.4 | -12.6% |
| Myanmar | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 3.9 | 4.8 | 21.5 | 5.7 | 13.5% |
| Total | 17.2 | 22.5 | 43.1 | 27.5 | 16.9% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Australia in 2022:
- India (2890.0 tons)
- Fiji (614.1 tons)
- China (575.7 tons)
- Vietnam (559.0 tons)
- Turkey (319.2 tons)
- Malaysia (257.7 tons)
- Myanmar (200.9 tons)
- Jordan (192.6 tons)
- Thailand (177.7 tons)
- Japan (175.9 tons)
- Egypt (167.1 tons)
- Greece (107.5 tons)
- Sri Lanka (91.4 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia
Exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses from Australia amounted to 1.3K tons in 2022, picking up by 7.7% against 2021. The total export volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $14M in 2022. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.5 | 3.2 | 3.9 | 5.8 | 18.3% |
| United States | 1.3 | 2.3 | 2.0 | 2.8 | 29.1% |
| New Zealand | 2.8 | 2.1 | 2.2 | 1.7 | -15.3% |
| Singapore | 0.3 | 1.0 | 1.3 | 1.5 | 71.0% |
| Malaysia | 0.5 | 0.3 | 0.5 | 0.3 | -15.7% |
| New Caledonia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Papua New Guinea | 0.1 | N/A | N/A | 0.2 | 26.0% |
| United Kingdom | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Fiji | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Others | 0.9 | 0.9 | 1.3 | 0.9 | 0.0% |
| Total | 9.7 | 9.9 | 11.6 | 13.7 | 12.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Australia in 2022:
- Netherlands (586.3 tons)
- New Zealand (290.6 tons)
- United States (165.6 tons)
- Singapore (48.2 tons)
- Malaysia (38.4 tons)
- Papua New Guinea (30.4 tons)
- United Kingdom (29.6 tons)
- Fiji (25.6 tons)
- New Caledonia (21.1 tons)
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