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19-06-2024
The global export of turmeric reached $848.9 million in 2022, marking a decrease of -3.6% from $880.7 million in 2018 and a significant -32.3% drop compared to $1.25 billion in 2021.
Exports of crushed or ground turmeric totaled $117.2 million in 2022, showing a 43.6% increase since 2018 but a slight -5.9% decline from 2021.
In contrast, exports of raw turmeric, before being crushed or ground, amounted to $731.7 million in 2022, witnessing a decline of -8.4% over the past five years and a notable -35.2% decrease from 2021 to 2022.
The top 5 exporters of crushed or ground turmeric are mainland China, India, Nigeria, Germany, and Vietnam, contributing to 72.4% of the global revenue from exported crushed or ground turmeric.
Similarly, the top five exporters of raw turmeric are mainland China, Netherlands, Peru, Thailand, and India, collectively responsible for 79% of exports of unprocessed turmeric in 2022. These figures indicate a concentrated market for turmeric exporters.
For research purposes, the Harmonized Tariff System (HTS) code prefix for crushed or ground turmeric is 091012, while the prefix for non-crushed and non-ground turmeric is 091011.
Top Crushed or Ground Turmeric Exporters
Here are the 15 countries that exported the highest dollar value of crushed or ground turmeric in 2022:
1. China: US$37.1 million (31.6% of crushed/ground turmeric exports)
2. India: $16.9 million (14.4%)
3. Nigeria: $12.4 million (10.5%)
4. Germany: $11.6 million (9.9%)
5. Vietnam: $6.9 million (5.9%)
6. Netherlands: $6.5 million (5.6%)
7. Spain: $2.8 million (2.4%)
8. United States: $2.1 million (1.8%)
9. Belgium: $1.9 million (1.6%)
10. Peru: $1.8 million (1.5%)
11. Nepal: $1.6 million (1.4%)
12. France: $1.6 million (1.3%)
13. United Kingdom: $1.5 million (1.3%)
14. South Africa: $1.1 million (0.9%)
15. Thailand: $1 million (0.9%)
These 15 countries collectively accounted for 91% of global crushed or ground turmeric exports in 2022.
Among the top exporters, Nigeria, Nepal, Thailand, and Belgium experienced significant growth since 2021, while the United Kingdom, France, United States, Netherlands, and Germany saw declines in their export revenues.
Top Raw Turmeric Exporters
The top 15 countries that exported the highest dollar value of non-crushed and non-ground turmeric in 2022 are as follows:
1. China: US$312.7 million (42.7% of non-crushed/non-ground turmeric exports)
2. Netherlands: $96.3 million (13.2%)
3. Peru: $63.1 million (8.6%)
4. Thailand: $55.6 million (7.6%)
5. India: $50.6 million (6.9%)
6. Brazil: $32.7 million (4.5%)
7. Nigeria: $28.5 million (3.9%)
8. Germany: $15.3 million (2.1%)
9. Spain: $9.2 million (1.3%)
10. United States: $6.9 million (0.9%)
11. Nepal: $5.8 million (0.8%)
12. Indonesia: $4.9 million (0.7%)
13. Myanmar: $4.4 million (0.6%)
14. Taiwan: $4.3 million (0.6%)
15. Costa Rica: $3.3 million (0.5%)
These top 15 exporters collectively contributed to 94.8% of all global non-crushed and non-ground turmeric exports in 2022.
Nigeria, Nepal, Indonesia, and Myanmar witnessed growth in their export revenues, while India, China, Costa Rica, Netherlands, and Brazil experienced declines.
Turmeric Exporting Companies
Key players in the turmeric industry include:
1. ALEXANDER AGENCIES (22.09%, $116.96 Million)
2. KRIS FLEXIPACKS PRIVATE LIMITED (3.32%, $17.59 Million)
3. CAN PACK INDIA PRIVATE LIMITED (2.57%, $13.62 Million)
4. RATHNA PACKAGING INDIA PVT LTD (1.66%, $8.8 Million)
5. AMIN MARKET JAYA (1.59%, $8.41 Million)
6. FRUITXCHANGE S A C FC S A C (1.57%, $8.33 Million)
7. AGRONEGOCIOS LA GRAMA S A C (1.57%, $8.32 Million)
8. MERIDIAN MEDICARE LTD (1.42%, $7.54 Million)
9. ELISUR ORGANIC S A C (1.27%, $6.71 Million)
10. JABS INTERNATIONAL PVT LTD (1.17%, $6.21 Million)
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