Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (FOB) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (CIF) - 2023
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,094 per ton, surging by 2.4% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in April 2023 an increase of 9.6% m-o-m. The export price peaked at $4,116 per ton in August 2023; afterwards, it flattened through to October 2023.
Average prices varied somewhat for the major external markets. In October 2023, the highest price was recorded for prices to Sweden ($4,982 per ton) and the United States ($4,492 per ton), while the average price for exports to Hungary ($3,356 per ton) and Poland ($3,610 per ton) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,307 per ton, surging by 20% against the previous month. In general, the import price, however, showed a slight decline. The pace of growth was the most pronounced in August 2023 when the average import price increased by 34% month-to-month. Over the period under review, average import prices reached the maximum at $2,744 per ton in October 2022; however, from November 2022 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,849 per ton), while the price for Peru ($1,502 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 the United States (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain
For the fourth year in a row, Spain recorded growth in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 2.5% to 78K tons in 2022. The total export volume increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose significantly to $259M in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 40.6 | 53.2 | 65.6 | 77.5 | 24.0% |
| Germany | 21.1 | 24.1 | 25.6 | 27.6 | 9.4% |
| United Kingdom | 19.2 | 22.5 | 23.6 | 23.3 | 6.7% |
| France | 9.2 | 12.2 | 14.9 | 14.6 | 16.6% |
| Austria | 6.5 | 9.2 | 10.0 | 11.5 | 20.9% |
| Poland | 7.5 | 8.4 | 10.5 | 11.0 | 13.6% |
| Netherlands | 8.6 | 9.9 | 10.2 | 10.8 | 7.9% |
| Canada | 4.1 | 5.3 | 6.3 | 7.5 | 22.3% |
| Belgium | 3.9 | 4.7 | 6.4 | 6.7 | 19.8% |
| Australia | 4.2 | 5.2 | 5.9 | 4.9 | 5.3% |
| Sweden | 3.8 | 3.7 | 4.5 | 4.0 | 1.7% |
| Czech Republic | 3.1 | 2.8 | 3.8 | 3.9 | 8.0% |
| Hungary | 2.8 | 3.0 | 5.4 | 3.7 | 9.7% |
| Others | 37.0 | 40.7 | 47.0 | 52.2 | 12.2% |
| Total | 172 | 205 | 240 | 259 | 14.6% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Spain in 2022:
- United States (21.6K tons)
- Germany (8.5K tons)
- United Kingdom (6.4K tons)
- France (4.6K tons)
- Austria (3.7K tons)
- Poland (3.5K tons)
- Netherlands (3.3K tons)
- Canada (2.2K tons)
- Belgium (2.0K tons)
- Australia (1.4K tons)
- Czech Republic (1.3K tons)
- Hungary (1.3K tons)
- Sweden (1.1K tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain
For the fourth year in a row, Spain recorded growth in overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 1.9% to 21K tons in 2022. The total import volume increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $41M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.7 | 22.0 | 27.8 | 33.7 | 23.9% |
| India | 1.4 | 1.6 | 2.7 | 2.8 | 26.0% |
| Others | 4.0 | 4.4 | 4.2 | 4.8 | 6.3% |
| Total | 23.2 | 28.1 | 34.6 | 41.3 | 21.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Spain in 2022:
- China (18.7K tons)
- India (0.8K tons)
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