Spices; Turmeric (Curcuma) Price in Switzerland - 2023
Contents:
- Spices; Turmeric (Curcuma) Price in Switzerland (CIF) - 2023
- Spices; Turmeric (Curcuma) Price in Switzerland (FOB) - 2022
- Spices; Turmeric (Curcuma) Imports in Switzerland
- Spices; Turmeric (Curcuma) Exports in Switzerland
Spices; Turmeric (Curcuma) Price in Switzerland (CIF) - 2023
The average spices; turmeric (curcuma) import price stood at $8,784 per ton in August 2023, with an increase of 85% against the previous month. Overall, the import price posted a pronounced increase. The import price peaked at $11,410 per ton in January 2023; however, from February 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($33,717 per ton), while the price for India ($2,968 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Turmeric (Curcuma) Price in Switzerland (FOB) - 2022
In 2021, the average spices; turmeric (curcuma) export price amounted to $5,524 per ton, growing by 15% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 39%. Over the period under review, the average export prices attained the maximum at $7,965 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($32,523 per ton), while the average price for exports to Singapore ($2,534 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 France (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Turmeric (Curcuma) Imports in Switzerland
In 2022, purchases abroad of spices; turmeric (curcuma) decreased by -56.7% to 132 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year.
In value terms, spices; turmeric (curcuma) imports declined sharply to $720K in 2022. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 101% against the previous year. As a result, imports reached the peak of $2.5M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Turmeric (Curcuma) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 238 | 598 | 899 | 94.4% | |
| India | 505 | 355 | 613 | 10.2% | |
| Peru | 119 | 225 | 262 | 48.4% | |
| United Kingdom | 88.6 | 96.3 | 112 | 12.4% | |
| Netherlands | 56.0 | 142 | 61.6 | 4.9% | |
| Spain | 29.2 | 75.1 | 13.8 | -31.3% | |
| Others | 211 | 1,016 | 213 | 0.5% | |
| Total | 1,246 | 2,507 | 2,175 | 32.1% | |
Top Suppliers of Spices; Turmeric (Curcuma) to Switzerland in 2022:
- India (166.7 tons)
- Peru (38.3 tons)
- Germany (32.0 tons)
- United Kingdom (28.6 tons)
- Netherlands (20.9 tons)
- Spain (1.4 tons)
Spices; Turmeric (Curcuma) Exports in Switzerland
In 2022, shipments abroad of spices; turmeric (curcuma) decreased by -43.5% to 14 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 46%. As a result, the exports reached the peak of 33 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; turmeric (curcuma) exports declined significantly to $85K in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $158K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Turmeric (Curcuma) in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Germany | 120 | 130 | 116 | -1.7% | |
| Austria | 6.3 | 7.5 | 5.6 | -5.7% | |
| Italy | 2.0 | 1.9 | 4.8 | 54.9% | |
| Singapore | N/A | N/A | 3.2 | 0% | |
| Netherlands | 0.1 | 18.8 | N/A | 18700.0% | |
| Others | 0.7 | 0.1 | 5.6 | 182.8% | |
| Total | 129 | 158 | 135 | 2.3% | |
Top Export Markets for Spices; Turmeric (Curcuma) from Switzerland in 2022:
- Germany (21.7 tons)
- Singapore (1.3 tons)
- Italy (0.8 tons)
- Austria (0.2 tons)
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