Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia (FOB) - 2023
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia (CIF) - 2023
The average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $8,687 per ton in November 2023, standing approximately at the previous month. Overall, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 159% m-o-m. Over the period under review, average import prices attained the peak figure in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($17,332 per ton), while the price for Latvia ($1,594 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 (+19.8%), 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 Croatia (FOB) - 2023
The average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses stood at $12,037 per ton in November 2023, increasing by 23% against the previous month. Over the period under review, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 200% m-o-m. Over the period under review, the average export prices attained the maximum at $17,219 per ton in August 2023; however, from September 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 Slovenia ($25,223 per ton), while the average price for exports to Romania ($2,648 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 Montenegro (+12.6%), 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 Croatia
Imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses into Croatia stood at 1.2K tons in 2022, with an increase of 4.1% on the previous year's figure. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced to $4.1M in 2022. The total import value increased at an average annual rate of +7.5% 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 23%.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 567 | 752 | 704 | 960 | 19.2% |
| Austria | 739 | 726 | 980 | 691 | -2.2% |
| Netherlands | 391 | 532 | 790 | 552 | 12.2% |
| Italy | 460 | 531 | 407 | 434 | -1.9% |
| Slovenia | 334 | 324 | 273 | 278 | -5.9% |
| Hungary | 187 | 325 | 243 | 277 | 14.0% |
| Nigeria | 56.2 | 23.6 | 148 | 266 | 67.9% |
| China | 155 | 339 | 157 | 64.8 | -25.2% |
| Others | 414 | 509 | 746 | 576 | 11.6% |
| Total | 3,303 | 4,061 | 4,448 | 4,099 | 7.5% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Croatia in 2022:
- Netherlands (329.9 tons)
- Germany (192.4 tons)
- Slovenia (113.6 tons)
- Nigeria (98.4 tons)
- Hungary (94.8 tons)
- Austria (86.0 tons)
- Italy (71.3 tons)
- China (41.8 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia
In 2022, overseas shipments of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -32.4% to 262 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 196% against the previous year.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses fell sharply to $1.7M in 2022. The total export value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 29%.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 697 | 711 | 832 | 802 | 4.8% |
| Slovenia | 334 | 253 | 323 | 309 | -2.6% |
| Serbia | 112 | 111 | 131 | 157 | 11.9% |
| North Macedonia | 100 | 116 | 116 | 85.7 | -5.0% |
| Netherlands | 3.8 | 359 | 293 | 61.9 | 153.5% |
| India | 58.7 | 54.0 | 83.8 | 56.3 | -1.4% |
| Albania | 2.4 | 4.3 | 2.3 | 50.1 | 175.3% |
| Austria | 2.0 | 17.5 | 27.2 | 31.3 | 150.1% |
| Others | 67.3 | 154 | 230 | 176 | 37.8% |
| Total | 1,378 | 1,780 | 2,038 | 1,730 | 7.9% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Croatia in 2022:
- Bosnia and Herzegovina (122.0 tons)
- Slovenia (35.9 tons)
- Netherlands (31.0 tons)
- Austria (20.9 tons)
- India (11.5 tons)
- Serbia (10.9 tons)
- Albania (7.7 tons)
- North Macedonia (6.9 tons)
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