Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (CIF) - 2023
In November 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,822 per ton, with a decrease of -3.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 8.1% m-o-m. Over the period under review, average import prices hit record highs at $5,156 per ton in September 2023; however, from October 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($6,852 per ton), while the price for Peru ($3,285 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $11,549 per ton in 2022, falling by -14.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $13,888 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($26,298 per ton), while the average price for exports to India ($5,226 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 Taiwan (Chinese) (+9.3%), 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 Japan
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Japan dropped slightly to 12K tons, which is down by -3.6% on the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 14%. As a result, imports reached the peak of 13K tons, and then contracted in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground reached $55M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.0 | 37.3 | 43.2 | 44.0 | 6.9% |
| Spain | 3.3 | 2.8 | 3.3 | 3.5 | 2.0% |
| South Korea | 2.7 | 2.5 | 3.0 | 2.9 | 2.4% |
| Others | 5.2 | 4.1 | 5.0 | 4.8 | -2.6% |
| Total | 47.2 | 46.7 | 54.5 | 55.1 | 5.3% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Japan in 2022:
- China (10.5K tons)
- Spain (0.8K tons)
- South Korea (0.4K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan
In 2022, approx. 93 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Japan; waning by -7.8% compared with the year before. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 42%.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground plummeted to $1.1M in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of $1.4M, and then dropped markedly in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 325 | 266 | 476 | 364 | 3.8% |
| Singapore | 66.0 | 97.2 | 131 | 130 | 25.4% |
| Philippines | 109 | 12.0 | 102 | 94.8 | -4.5% |
| Taiwan (Chinese) | 113 | 68.7 | 67.8 | 94.0 | -6.0% |
| China | 265 | 198 | 190 | 75.4 | -34.2% |
| Indonesia | 7.2 | 30.3 | 31.7 | 71.3 | 114.7% |
| Thailand | 62.5 | 76.3 | 63.9 | 56.2 | -3.5% |
| Hong Kong SAR | 55.7 | 91.6 | 113 | 30.6 | -18.1% |
| Saudi Arabia | N/A | N/A | 2.7 | 23.4 | 766.7% |
| Canada | 9.1 | 11.2 | 19.7 | 21.9 | 34.0% |
| Malaysia | 17.6 | 15.3 | 21.3 | 15.4 | -4.4% |
| United Kingdom | 73.8 | 10.9 | N/A | 11.1 | -46.8% |
| India | 6.1 | 3.8 | 5.9 | 9.5 | 15.9% |
| Others | 181 | 103 | 129 | 73.2 | -26.0% |
| Total | 1,292 | 983 | 1,354 | 1,071 | -6.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Japan in 2022:
- United States (27.1 tons)
- Singapore (10.9 tons)
- Philippines (10.8 tons)
- Indonesia (9.8 tons)
- China (9.3 tons)
- Thailand (5.9 tons)
- Taiwan (Chinese) (3.6 tons)
- Canada (2.3 tons)
- Saudi Arabia (2.3 tons)
- India (1.8 tons)
- Malaysia (1.8 tons)
- Hong Kong SAR (1.6 tons)
- United Kingdom (0.3 tons)
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