Price for Herbs; Thyme, Bay Leaves in Singapore - 2022
Contents:
- Price for Herbs; Thyme, Bay Leaves in Singapore (CIF) - 2022
- Price for Herbs; Thyme, Bay Leaves in Singapore (FOB) - 2022
- Imports of Herbs; Thyme, Bay Leaves in Singapore
- Exports of Herbs; Thyme, Bay Leaves in Singapore
Price for Herbs; Thyme, Bay Leaves in Singapore (CIF) - 2022
The average herbs; thyme, bay leaves import price stood at $4,548 per ton in 2022, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 1.8%. Over the period under review, average import prices attained the peak figure at $4,559 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Morocco.
From 2012 to 2022, the rate of growth in terms of prices for Morocco amounted to +0.2% per year.
Price for Herbs; Thyme, Bay Leaves in Singapore (FOB) - 2022
In 2022, the average herbs; thyme, bay leaves export price amounted to $4,125 per ton, remaining stable against the previous year. In general, the export price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 10% against the previous year. The export price peaked at $12,209 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($18,000 per ton), while the average price for exports to Seychelles totaled $2,143 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.1%).
Imports of Herbs; Thyme, Bay Leaves in Singapore
For the third consecutive year, Singapore recorded decline in overseas purchases of herbs, which decreased by -20.1% to 135 kg in 2022. Over the period under review, imports showed a abrupt contraction. The smallest decline of -19.8% was in 2020.
In value terms, herbs; thyme, bay leaves imports declined markedly to $614 in 2022. Overall, imports faced a precipitous contraction. The smallest decline of -19.9% was in 2021.
| Import of Herbs; Thyme, Bay Leaves in Singapore (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 1,199 | 959 | 768 | 614 | -20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,199 | 959 | 768 | 614 | -20.0% |
Top Suppliers of Herbs; Thyme, Bay Leaves to Singapore in 2022:
- Morocco (135.0 kg)
Exports of Herbs; Thyme, Bay Leaves in Singapore
In 2022, overseas shipments of herbs decreased by -11.1% to 8 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, the exports reached the peak of 11 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, herbs; thyme, bay leaves exports declined to $33 in 2022. In general, exports showed a abrupt shrinkage. The smallest decline of -9.8% was in 2021.
| Export of Herbs; Thyme, Bay Leaves in Singapore (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 17.0 | 20.0 | 19.0 | 18.0 | 1.9% |
| Seychelles | 21.0 | 21.0 | 18.0 | 15.0 | -10.6% |
| Timor-Leste | 8.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 46.0 | 41.0 | 37.0 | 33.0 | -10.5% |
Top Export Markets for Herbs; Thyme, Bay Leaves from Singapore in 2022:
- Seychelles (7.0 kg)
- Philippines (1.0 kg)
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