Price for Spices; Mixtures of 2 or More Products of the Same Heading in Israel - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Israel (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Israel (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Israel
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Israel
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Israel (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $4,688 per ton, declining by -8.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 45%. The import price peaked at $5,102 per ton in 2021, and then declined in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Russia ($4,688 per ton) and India ($4,688 per ton), while the price for Thailand ($4,688 per ton) and Kenya ($4,688 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Israel (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $4,388 per ton, reducing by -10% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs at $4,876 per ton in 2021, and then shrank in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($4,383 per ton) and Slovenia ($4,359 per ton), while the average price for exports to the Netherlands ($4,357 per ton) and France ($4,358 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Israel
In 2022, overseas purchases of spices; mixtures of 2 or more products of the same heading decreased by -33.4% to 403 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 62%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading reduced dramatically to $1.9M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,147 | 1,773 | 1,741 | 662 | -16.7% |
| Turkey | 209 | 511 | 407 | 479 | 31.8% |
| Thailand | 227 | 335 | 318 | 129 | -17.2% |
| Kenya | N/A | N/A | N/A | 123 | 0% |
| Egypt | 59.0 | 54.0 | 56.0 | 108 | 22.3% |
| Russia | 41.0 | 65.0 | 117 | 75.0 | 22.3% |
| Ethiopia | 18.0 | 4.0 | 44.0 | 47.0 | 37.7% |
| Others | 139 | 260 | 399 | 264 | 23.8% |
| Total | 1,840 | 3,002 | 3,082 | 1,887 | 0.8% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Israel in 2022:
- India (141.2 tons)
- Turkey (102.2 tons)
- Thailand (27.5 tons)
- Kenya (26.2 tons)
- Egypt (23.0 tons)
- Russia (16.0 tons)
- Ethiopia (10.0 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Israel
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Israel soared to 407 tons, increasing by 24% against 2021. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading amounted to $1.8M in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 839 | 891 | 951 | 794 | -1.8% |
| United Kingdom | 134 | 102 | 206 | 264 | 25.4% |
| France | 19.0 | 80.0 | 140 | 251 | 136.4% |
| Australia | 146 | 107 | 20.0 | 135 | -2.6% |
| Netherlands | 5.0 | 14.0 | 30.0 | 104 | 175.0% |
| Canada | 10.0 | 78.0 | 8.0 | 70.0 | 91.3% |
| Russia | 18.0 | N/A | 22.0 | 45.0 | 35.7% |
| Germany | 174 | 66.0 | 15.0 | 32.0 | -43.1% |
| Ukraine | 84.0 | 4.0 | 12.0 | N/A | -62.2% |
| Others | 257 | 146 | 201 | 91.0 | -29.3% |
| Total | 1,686 | 1,487 | 1,604 | 1,786 | 1.9% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Israel in 2022:
- United States (181.1 tons)
- United Kingdom (60.6 tons)
- France (57.6 tons)
- Australia (31.0 tons)
- Netherlands (23.9 tons)
- Canada (16.1 tons)
- Russia (10.3 tons)
- Germany (7.3 tons)
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