Spices; Turmeric (Curcuma) Price in Peru - 2021
Contents:
- Spices; Turmeric (Curcuma) Price in Peru (FOB) - 2022
- Spices; Turmeric (Curcuma) Price in Peru (CIF) - 2022
- Spices; Turmeric (Curcuma) Exports in Peru
- Spices; Turmeric (Curcuma) Imports in Peru
Spices; Turmeric (Curcuma) Price in Peru (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $2,520 per ton, with a decrease of -11% against the previous year. In general, the export price showed a slight downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 37%. As a result, the export price reached the peak level of $2,869 per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,737 per ton), while the average price for exports to Colombia ($996 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Peru (CIF) - 2022
The average spices; turmeric (curcuma) import price stood at $3,734 per ton in 2021, shrinking by -4.8% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spices; turmeric (curcuma) import price decreased by -17.6% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 134%. As a result, import price attained the peak level of $5,004 per ton. From 2014 to 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($24,254 per ton), while the price for India ($1,644 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.1%), while the prices for the other major suppliers experienced a decline.
Spices; Turmeric (Curcuma) Exports in Peru
In 2022, approx. 3.5K tons of spices; turmeric (curcuma) were exported from Peru; increasing by 11% against the year before. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 59%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, spices; turmeric (curcuma) exports expanded significantly to $8.7M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -7.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year. As a result, the exports attained the peak of $9.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Netherlands | 2,754 | 6,050 | 4,796 | 32.0% | |
| Canada | 423 | 573 | 454 | 3.6% | |
| Spain | 602 | 485 | 384 | -20.1% | |
| Chile | 216 | 421 | 334 | 24.4% | |
| Belgium | 502 | 29.5 | 247 | -29.9% | |
| Argentina | 326 | 296 | 235 | -15.1% | |
| Colombia | 46.0 | 70.8 | 56.1 | 10.4% | |
| Others | 885 | 1,512 | 1,461 | 28.5% | |
| Total | 5,755 | 9,437 | 7,968 | 17.7% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Peru in 2022:
- Netherlands (1828.8 tons)
- Chile (167.4 tons)
- Spain (149.2 tons)
- Canada (142.8 tons)
- Argentina (76.4 tons)
- Belgium (67.1 tons)
- Colombia (56.4 tons)
Spices; Turmeric (Curcuma) Imports in Peru
In 2022, supplies from abroad of spices; turmeric (curcuma) decreased by -14.5% to 674 kg for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of 788 kg, and then dropped in the following year.
In value terms, spices; turmeric (curcuma) imports contracted to $2.6K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%.
| Import of Spices; Turmeric (Curcuma) in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| India | 38.7 | 52.7 | 43.9 | 6.5% | |
| United States | 8.4 | 18.5 | 15.4 | 35.4% | |
| Spain | 11.0 | 16.7 | 13.9 | 12.4% | |
| Others | -56.5 | -85.8 | -70.2 | 11.5% | |
| Total | 1.6 | 2.2 | 2.9 | 34.6% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Peru in 2022:
- India (26.7 tons)
- United States (1.7 tons)
- Spain (0.6 tons)
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