What is the price of turmeric per kilogram/pound in Australia today?
The retail price range for Australia turmeric is between US$ 7.88 and US$ 28.56 per kilogram or between US$ 3.57 and US$ 12.95 per pound(lb). Click here to see today's exact prices of turmeric in Australia
The retail price range in Australian Dollar for turmeric is between AUD 11.85 and AUD 42.96 per kilogram or between AUD 5.37 and AUD 19.48 per pound(lb) in Canberra and Melbourne.
Wholesale prices
In 2024, the approximate wholesale price range for Australia turmeric is between US$ 5.51 and US$ 19.99 per kilogram or between US$ 2.50 and US$ 9.07 per pound(lb).
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Australia Turmeric Export Prices - Historical, Trends and Prediction
The export price per kilogram of Turmeric from Australia over the last five years has seen a significant increase. In 2017, the price was 13.68 US dollars per kilogram, and by 2021, it had risen to 118.85 US dollars per kilogram. This represents an increase of 765.7%. In 2021, the price was 13.82 US dollars per kilogram, and in 2022, it was 118.85 US dollars per kilogram. This is an increase of 762.7%. It is likely that the price of Turmeric will continue to rise in the coming years. For 2023, we predict the price to be around 150 US dollars per kilogram, and for 2024, we predict the price to be around 180 US dollars per kilogram.Australia Turmeric Import Prices - Historical, Trends and Prediction
The import price per kilogram of Turmeric into Australia over the last five years has seen a significant increase. In 2017, the price was 13.68 US dollars per kg, and by 2021, it had risen to 82.04 US dollars per kg. This represents an increase of over 500% in just four years. The highest price was recorded in 2020, when the import price was 82.04 US dollars per kg. This was followed by a slight decrease in 2021, when the price dropped to 13.82 US dollars per kg. However, in 2022, the price rose again to 118.85 US dollars per kg. Based on this trend, it is likely that the import price of Turmeric into Australia will continue to increase in the coming years. We can predict that the import price for 2023 will be around 150 US dollars per kg, and for 2024, it will be around 180 US dollars per kg.Export values for Australia turmeric
The total values in export for turmeric in Australia were US$ 235, US$ 643, US$ 901 and US$ 946 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Herbs and Spices category in Australia: Garlic, Pepper, Capsicum (Bell Pepper), Vanilla, Cinnamon, Cloves, Nutmeg, Mace, Cardamom & Anise.
See prices of turmeric in other countries across Oceania: Fiji turmeric, French Polynesia turmeric, Guam turmeric, Micronesia turmeric, New Caledonia turmeric, Papua New Guinea turmeric, Samoa turmeric, Solomon Islands turmeric, Tonga turmeric & Vanuatu turmeric.
Australia turmeric - Production, Exports, Imports, Seasons and HS Codes
The amount of turmeric exported by Australia in 2020 was 26 tonnes. In 2019 Australia sold 26 tonnes of turmeric. For the year 2019 alone, the interest in Australia turmeric (herbs and spices category) has gone down, flactuating by -18.75 per cent compared to the year 2018. Between 2017 and 2019, turmeric's exports decreased by -44.68% earning Australia US$0.95m for the year 2019. Australia's turmeric exports are categorised as:
- Turmeric "curcuma" (HS code 091030)
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Australia turmeric export values
In 2019, Australia supplied turmeric worth 0.95m USD, an increment of 5.44% from 2018's total turmeric export of 0.901m USD. The yearly growth in value of Australia turmeric between 2017 to 2018 was 40.124%.
The yearly variation in the amount of Australia's turmeric exports between 2017 and 2019 was -44.68 per cent compared to a variation of -18.75% in the period between 2018 and 2019.
Australia's share of the world's total turmeric's exports in 2019 was less than 1%. Australia is ranked number 41 in world exports of turmeric.
Export markets for Australia turmeric ( in '000$ )
Import/Export Trends
Australia is a net importer of turmeric. The annual growth of Australia turmeric in value between 2015 to 2019 was -11%, per annum, while annual growth in quantity during the same period was %, per annum.
Australia imported 1,020 tonnes of turmeric in 2019.