Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland (CIF) - 2023
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland (CIF) - 2023
In November 2023, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $7,623 per ton, surging by 3.2% against the previous month. Overall, import price indicated noticeable growth from November 2022 to November 2023: its price increased at an average monthly rate of +4.3% 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 -21.6% against September 2023 indices. The pace of growth was the most pronounced in January 2023 when the average import price increased by 69% against the previous month. Over the period under review, average import prices reached the maximum at $9,726 per ton in September 2023; however, from October 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,915 per ton), while the price for Spain ($3,343 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 Germany (+6.9%), 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 Ireland (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $5,127 per ton, increasing by 5.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 43% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($9,368 per ton), while the average price for exports to the United Arab Emirates ($2,572 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 Switzerland (+13.0%), 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 Ireland
In 2022, purchases abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -7.4% to 2K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 35%. As a result, imports reached the peak of 3.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped dramatically to $9.6M in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 6.9 | 9.4 | N/A | 3.7 | -18.8% |
| China | 0.5 | 0.4 | N/A | 1.3 | 37.5% |
| Germany | 0.8 | 1.3 | N/A | 0.9 | 4.0% |
| Netherlands | 0.5 | 0.5 | N/A | 0.6 | 6.3% |
| India | 0.3 | 0.3 | N/A | 0.6 | 26.0% |
| Austria | 0.3 | 0.3 | N/A | 0.6 | 26.0% |
| Pakistan | 0.4 | 0.3 | N/A | 0.3 | -9.1% |
| Spain | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Others | 1.3 | 1.5 | 11.6 | 1.4 | 2.5% |
| Total | 11.2 | 14.2 | 11.6 | 9.6 | -5.0% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Ireland in 2022:
- United Kingdom (524.7 tons)
- China (519.3 tons)
- Germany (276.2 tons)
- Netherlands (153.5 tons)
- Austria (95.8 tons)
- India (93.1 tons)
- Spain (62.4 tons)
- Pakistan (56.7 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland
In 2022, approx. 213 tons of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses were exported from Ireland; rising by 39% compared with the previous year's figure. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses skyrocketed to $1.1M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 130% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 317 | 212 | N/A | 740 | 32.7% |
| Germany | 9.9 | N/A | N/A | 213 | 178.1% |
| United States | 44.5 | 64.1 | N/A | 85.7 | 24.4% |
| Switzerland | 6.8 | 4.1 | N/A | 31.2 | 66.2% |
| United Arab Emirates | 21.7 | 37.5 | 742 | 6.2 | -34.1% |
| Others | 12.7 | 4.5 | N/A | 17.7 | 11.7% |
| Total | 413 | 322 | 742 | 1,094 | 38.4% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Ireland in 2022:
- United Kingdom (144.0 tons)
- Germany (30.4 tons)
- United States (28.8 tons)
- Switzerland (3.3 tons)
- United Arab Emirates (2.4 tons)
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