Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,462 per ton, waning by -18.5% against the previous month. Over the period under review, the import price saw a mild decline. The growth pace was the most rapid in September 2023 an increase of 17% m-o-m. The import price peaked at $4,722 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($6,810 per ton), while the price for Bangladesh ($2,670 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $6,223 per ton in October 2023, increasing by 26% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 39% against the previous month. Over the period under review, the average export prices reached the maximum in October 2023.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Democratic Republic of the Congo ($11,245 per ton), while the average price for exports to the UK totaled $5,977 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium
In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -2.4% to 3.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports reached the peak of 3.4K tons, and then contracted in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground totaled $13M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2.1 | 3.0 | 5.2 | 5.9 | 41.1% |
China | 3.8 | 2.0 | 2.3 | 3.1 | -6.6% |
Netherlands | 1.2 | 1.2 | 1.4 | 1.3 | 2.7% |
India | 0.1 | 0.2 | 0.3 | 0.7 | 91.3% |
Turkey | N/A | 0.7 | 0.7 | 0.4 | -24.4% |
France | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
Germany | 0.6 | 0.7 | 0.9 | 0.4 | -12.6% |
Uzbekistan | 0.5 | 0.3 | 0.7 | 0.1 | -41.5% |
Tunisia | 0.5 | 0.4 | 0.3 | N/A | -22.5% |
Others | 0.3 | 0.6 | 0.5 | 0.5 | 18.6% |
Total | 9.4 | 9.4 | 12.7 | 12.8 | 10.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Belgium in 2022:
- Spain (1746.8 tons)
- China (777.2 tons)
- India (193.9 tons)
- Netherlands (169.7 tons)
- Turkey (88.2 tons)
- France (88.1 tons)
- Germany (78.1 tons)
- Uzbekistan (17.0 tons)
- Tunisia (9.7 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -16.6% to 1.8K tons. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then shrank dramatically in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted to $8.8M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $10M, and then shrank in the following year.
Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Belgium (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2,492 | 2,220 | 2,617 | 2,703 | 2.7% |
France | 1,336 | 1,574 | 1,905 | 1,911 | 12.7% |
United Kingdom | 1,288 | 1,647 | 1,197 | 1,079 | -5.7% |
Germany | 750 | 1,262 | 2,011 | 884 | 5.6% |
Ireland | 258 | 294 | 548 | 579 | 30.9% |
Denmark | 397 | 453 | 372 | 451 | 4.3% |
Sweden | 400 | 463 | 513 | 405 | 0.4% |
Poland | 88.5 | 79.2 | 221 | 236 | 38.7% |
Spain | 104 | 130 | 284 | 121 | 5.2% |
Others | 258 | 274 | 489 | 440 | 19.5% |
Total | 7,371 | 8,395 | 10,158 | 8,809 | 6.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Belgium in 2022:
- Netherlands (550.0 tons)
- France (469.0 tons)
- Germany (225.5 tons)
- United Kingdom (208.1 tons)
- Denmark (76.4 tons)
- Ireland (75.4 tons)
- Sweden (67.5 tons)
- Poland (39.2 tons)
- Spain (28.9 tons)
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