Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania - 2023
Contents:
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania (CIF) - 2022
- Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania (FOB) - 2022
- Imports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania
- Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania
Price for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania (CIF) - 2022
In 2022, the average import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $4,088 per ton, rising by 4.5% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses increased by +29.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Estonia ($10,661 per ton), while the price for Peru ($1,478 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), 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 Lithuania (FOB) - 2022
In 2022, the average export price for ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses amounted to $3,465 per ton, declining by -3.6% against the previous year. Overall, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2013 an increase of 68% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,594 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($9,522 per ton), while the average price for exports to the Netherlands ($1,483 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 Estonia (+10.3%), 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 Lithuania
In 2022, overseas purchases of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses decreased by -17.7% to 1.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses reduced to $4.7M in 2022. In general, imports saw a noticeable decrease. The growth pace was the most rapid in 2020 when imports increased by 25%. As a result, imports attained the peak of $6.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 970 | 1,053 | 1,172 | 1,373 | 12.3% |
| Germany | 1,000 | 809 | 1,008 | 969 | -1.0% |
| Netherlands | 1,815 | 2,523 | 1,203 | 691 | -27.5% |
| Latvia | 162 | 449 | 375 | 288 | 21.1% |
| Poland | 347 | 327 | 274 | 286 | -6.2% |
| Turkey | 67.7 | 204 | 234 | 267 | 58.0% |
| Peru | N/A | 173 | 137 | 119 | -17.1% |
| India | 98.1 | 100 | 148 | 103 | 1.6% |
| China | 267 | 236 | 41.9 | 66.6 | -37.1% |
| Others | 574 | 735 | 923 | 583 | 0.5% |
| Total | 5,301 | 6,609 | 5,517 | 4,746 | -3.6% |
Top Suppliers of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices to Lithuania in 2022:
- Netherlands (402.8 tons)
- Germany (130.0 tons)
- Estonia (128.8 tons)
- Turkey (87.7 tons)
- Peru (80.5 tons)
- Poland (71.5 tons)
- Latvia (71.5 tons)
- India (62.3 tons)
- China (38.0 tons)
Exports of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania
For the third consecutive year, Lithuania recorded decline in shipments abroad of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses, which decreased by -29% to 499 tons in 2022. In general, exports showed a dramatic decline. The smallest decline of -16.3% was in 2020.
In value terms, exports of ginger, saffron, tumeric (curcuma), thyme, bay leaves, curry and other spiceses dropped rapidly to $1.7M in 2022. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 29%. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 77.5 | 75.5 | 229 | 369 | 68.2% |
| Latvia | 667 | 1,068 | 1,034 | 357 | -18.8% |
| Russia | 322 | 350 | 320 | 311 | -1.2% |
| Belarus | 1,264 | 1,457 | 470 | 278 | -39.6% |
| Estonia | 98.4 | 158 | 172 | 153 | 15.9% |
| United Kingdom | 59.6 | 101 | 70.0 | 73.6 | 7.3% |
| Netherlands | 22.2 | 29.9 | 6.1 | 12.9 | -16.6% |
| Others | 119 | 139 | 221 | 174 | 13.5% |
| Total | 2,629 | 3,378 | 2,523 | 1,728 | -13.1% |
Top Export Markets for Ginger, Saffron, Tumeric (Curcuma), Thyme, Bay Leaves, Curry and Other Spices from Lithuania in 2022:
- Belarus (144.4 tons)
- Russia (133.2 tons)
- Latvia (98.0 tons)
- Germany (46.6 tons)
- Estonia (31.5 tons)
- Netherlands (8.7 tons)
- United Kingdom (7.7 tons)
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