Spices; Turmeric (Curcuma) Price in Hong Kong SAR - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Hong Kong SAR (CIF) - 2022
- Spices; Turmeric (Curcuma) Price in Hong Kong SAR (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Hong Kong SAR
- Spices; Turmeric (Curcuma) Exports in Hong Kong SAR
Spices; Turmeric (Curcuma) Price in Hong Kong SAR (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $1,633 per ton in 2022, stabilizing at the previous year. In general, the import price continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 an increase of 31%. Over the period under review, average import prices attained the peak figure at $2,380 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($3,320 per ton), while the price for India totaled $1,230 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.9%).
Spices; Turmeric (Curcuma) Price in Hong Kong SAR (FOB) - 2022
The average spices; turmeric (curcuma) export price stood at $5,528 per ton in 2022, falling by -4.7% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 93%. The export price peaked at $6,502 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($5,542 per ton), while the average price for exports to Canada amounted to $5,195 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.4%).
Spices; Turmeric (Curcuma) Imports in Hong Kong SAR
In 2022, approx. 192 tons of spices; turmeric (curcuma) were imported into Hong Kong SAR; with a decrease of -29.8% compared with the previous year. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year.
In value terms, spices; turmeric (curcuma) imports dropped dramatically to $314K in 2022. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of $452K, and then dropped rapidly in the following year.
| Import of Spices; Turmeric (Curcuma) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 342 | 153 | 343 | 217 | -14.1% |
| Peru | 12.0 | 39.1 | N/A | 33.9 | 41.4% |
| Others | 71.4 | 179 | 109 | 63.2 | -4.0% |
| Total | 426 | 371 | 452 | 314 | -9.7% |
Top Suppliers of Spices; Turmeric (Curcuma) to Hong Kong SAR in 2022:
- India (176.4 tons)
- Peru (10.2 tons)
Spices; Turmeric (Curcuma) Exports in Hong Kong SAR
In 2022, approx. 2.9 tons of spices; turmeric (curcuma) were exported from Hong Kong SAR; falling by -23.3% against the year before. In general, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 19%.
In value terms, spices; turmeric (curcuma) exports dropped markedly to $16K in 2022. Over the period under review, exports showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
| Export of Spices; Turmeric (Curcuma) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 29.6 | 17.0 | 21.4 | 15.4 | -19.6% |
| Canada | N/A | N/A | N/A | 0.6 | 0% |
| Thailand | 8.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.5 | N/A | 0% |
| Total | 37.9 | 17.0 | 21.9 | 16.0 | -25.0% |
Top Export Markets for Spices; Turmeric (Curcuma) from Hong Kong SAR in 2022:
- Macao SAR (2.8 tons)
- Canada (0.1 tons)
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