Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $5,748 per ton in November 2023, with an increase of 17% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 174% month-to-month. The import price peaked at $10,846 per ton in March 2023; however, from April 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($24,494 per ton), while the price for France ($2,701 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+52.9%), 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 Estonia (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $5,245 per ton in November 2023, falling by -65.4% against the previous month. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 38% m-o-m. Over the period under review, the average export prices hit record highs at $21,714 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($42,310 per ton), while the average price for exports to Latvia ($2,486 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+9.9%), 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 Estonia
In 2022, supplies from abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses was finally on the rise to reach 862 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a precipitous slump.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $4.8M in 2022. Overall, imports, however, showed a abrupt curtailment.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 351 | 175 | 107 | 1,229 | 51.9% |
| China | 393 | 1,390 | 458 | 555 | 12.2% |
| Belgium | 53.3 | N/A | N/A | 408 | 97.1% |
| Finland | 180 | 162 | 190 | 272 | 14.8% |
| Austria | 452 | 469 | 499 | 256 | -17.3% |
| India | 248 | 311 | 255 | 222 | -3.6% |
| Latvia | 162 | 171 | 245 | 198 | 6.9% |
| Lithuania | 140 | 126 | 188 | 185 | 9.7% |
| Vietnam | 53.7 | 65.3 | 66.4 | 131 | 34.6% |
| Poland | 297 | 268 | 195 | 110 | -28.2% |
| Peru | 11.7 | 56.4 | 81.6 | 77.5 | 87.8% |
| Egypt | 67.1 | 87.9 | 93.5 | 72.5 | 2.6% |
| Thailand | 404 | 308 | 220 | 57.5 | -47.8% |
| Others | 3,844 | 1,399 | 1,198 | 1,000 | -36.2% |
| Total | 6,658 | 4,986 | 3,796 | 4,774 | -10.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Estonia in 2022:
- China (158.1 tons)
- Germany (121.3 tons)
- India (79.7 tons)
- Austria (67.6 tons)
- Latvia (50.4 tons)
- Belgium (45.8 tons)
- Lithuania (40.5 tons)
- Egypt (35.7 tons)
- Finland (30.7 tons)
- Vietnam (26.9 tons)
- Poland (23.9 tons)
- Thailand (21.8 tons)
- Peru (19.9 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia
Exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses from Estonia fell to 125 tons in 2022, dropping by -14% compared with the previous year. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 0.6%.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell remarkably to $2.1M in 2022. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 6.9%. As a result, the exports reached the peak of $2.5M, and then reduced sharply in the following year.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,058 | 1,117 | 1,288 | 790 | -9.3% |
| Lithuania | 420 | 528 | 571 | 532 | 8.2% |
| Latvia | 349 | 427 | 506 | 393 | 4.0% |
| Belgium | N/A | 0.1 | N/A | 149 | 3760.1% |
| Russia | 320 | 142 | 24.3 | 129 | -26.1% |
| Finland | 69.0 | 26.7 | 56.3 | 31.0 | -23.4% |
| France | N/A | N/A | N/A | 12.0 | 0% |
| Others | 69.8 | 93.4 | 51.0 | 35.5 | -20.2% |
| Total | 2,286 | 2,335 | 2,496 | 2,071 | -3.2% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Estonia in 2022:
- Sweden (51.7 tons)
- Lithuania (27.5 tons)
- Latvia (22.6 tons)
- Russia (8.6 tons)
- Finland (5.3 tons)
- Belgium (5.0 tons)
- France (1.9 tons)
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