Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece (FOB) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece (CIF) - 2023
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $7,782 per ton, dropping by -47.2% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2021 an increase of 44% against the previous year. The export price peaked at $23,385 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($50,704 per ton), while the average price for exports to Albania ($1,413 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 Turkey (-4.4%), 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 Greece (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $3,943 per ton in November 2023, with a decrease of -7.1% against the previous month. Overall, import price indicated pronounced growth from November 2022 to November 2023: its price increased at an average monthly rate of +3.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -26.8% against September 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 79% month-to-month. Over the period under review, average import prices reached the peak figure at $5,389 per ton in September 2023; however, from October 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 Germany ($8,622 per ton), while the price for Pakistan ($927 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 the Netherlands (+4.7%), 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 Greece
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses exported from Greece soared to 866 tons, growing by 44% compared with 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 71%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped notably to $6.7M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 54%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 343 | 670 | 1,124 | 1,176 | 50.8% |
| Spain | 1,171 | 752 | 1,469 | 1,046 | -3.7% |
| Italy | 490 | 2,099 | 3,201 | 796 | 17.6% |
| Turkey | 24.8 | 1.4 | 7.7 | 783 | 216.1% |
| Cyprus | 202 | 281 | 324 | 596 | 43.4% |
| France | 632 | 847 | 676 | 411 | -13.4% |
| Bulgaria | 185 | 324 | 296 | 171 | -2.6% |
| Sweden | 32.2 | 92.5 | 164 | 97.8 | 44.8% |
| Albania | 66.4 | 74.4 | 83.7 | 54.2 | -6.5% |
| Serbia | 80.2 | 127 | 45.6 | 22.8 | -34.2% |
| North Macedonia | 96.3 | 129 | 42.2 | 18.6 | -42.2% |
| Others | 1,110 | 1,408 | 1,446 | 1,569 | 12.2% |
| Total | 4,433 | 6,806 | 8,879 | 6,741 | 15.0% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Greece in 2022:
- Turkey (254.1 tons)
- Germany (235.4 tons)
- Bulgaria (86.6 tons)
- Cyprus (86.5 tons)
- Albania (38.3 tons)
- Sweden (23.2 tons)
- Spain (20.6 tons)
- Italy (16.4 tons)
- France (14.3 tons)
- North Macedonia (6.1 tons)
- Serbia (4.3 tons)
Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece
In 2022, the amount of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses imported into Greece was estimated at 2.5K tons, with an increase of 3.4% against the year before. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses shrank to $6.6M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,178 | 2,091 | 1,662 | 1,470 | 7.7% |
| Netherlands | 846 | 1,114 | 1,222 | 1,130 | 10.1% |
| Turkey | 374 | 455 | 802 | 818 | 29.8% |
| Germany | 734 | 632 | 877 | 746 | 0.5% |
| India | 371 | 396 | 563 | 467 | 8.0% |
| Pakistan | 153 | 276 | 376 | 264 | 19.9% |
| Bulgaria | 262 | 350 | 373 | 245 | -2.2% |
| Italy | 83.4 | 113 | 143 | 164 | 25.3% |
| Albania | 115 | 112 | 143 | 122 | 2.0% |
| Others | 1,392 | 1,530 | 1,400 | 1,133 | -6.6% |
| Total | 5,508 | 7,070 | 7,561 | 6,558 | 6.0% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Greece in 2022:
- China (1006.7 tons)
- Netherlands (469.3 tons)
- India (263.3 tons)
- Germany (114.9 tons)
- Turkey (107.7 tons)
- Pakistan (103.8 tons)
- Bulgaria (83.4 tons)
- Albania (48.8 tons)
- Italy (41.0 tons)
798
This report provides an in-depth analysis of the ginger market in Greece.
99
This report provides an in-depth analysis of the market for spices except pepper or ginger in Greece.
1095
This report provides an in-depth analysis of the market for dog and cat food in Greece.
743
This report provides an in-depth analysis of the apricot market in Greece.
915
This report provides an in-depth analysis of the virgin olive oil market in Greece.
1196
This report provides an in-depth analysis of the paint and varnish market in Greece.
530
This report provides an in-depth analysis of the olive oil market in Greece.
459
This report provides an in-depth analysis of the encased lead pencil market in Greece.
297
This report provides an in-depth analysis of the assembled clock movements market in Greece.
399
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Greece.
983
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).
1057
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.
800
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7566
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8621
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>
7908
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
11950
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
1635
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.
