Price for Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $5,989 per ton, shrinking by -19.1% against the previous year. Overall, the import price saw a perceptible contraction. The pace of growth was the most pronounced in 2021 an increase of 28% against the previous year. The import price peaked at $8,254 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($9,510 per ton), while the price for the Czech Republic ($2,930 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.5%), 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 Slovakia (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $15,444 per ton, surging by 2.2% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; mixtures of 2 or more products of the same heading decreased by +0.9% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 54%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($27,729 per ton), while the average price for exports to Ukraine ($1,605 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 Slovenia (+26.1%), 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 Slovakia
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -15.2% to 142 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 42%. As a result, imports attained the peak of 187 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted significantly to $851K in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 33% against the previous year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 133 | 318 | 300 | 195 | 13.6% |
| Turkey | 255 | 158 | 88.9 | 161 | -14.2% |
| Czech Republic | 70.0 | 225 | 159 | 140 | 26.0% |
| Austria | 16.0 | 79.7 | 91.2 | 103 | 86.0% |
| Germany | 60.1 | 135 | 424 | 68.9 | 4.7% |
| Netherlands | 24.0 | 28.2 | 30.0 | 56.9 | 33.3% |
| Hungary | 69.9 | 87.1 | 68.4 | 48.9 | -11.2% |
| Spain | 15.6 | 8.9 | 7.1 | 20.6 | 9.7% |
| Israel | 49.8 | N/A | N/A | N/A | 0% |
| Others | 118 | 43.1 | 72.7 | 57.2 | -21.4% |
| Total | 812 | 1,083 | 1,241 | 851 | 1.6% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Slovakia in 2022:
- Czech Republic (47.7 tons)
- Turkey (30.0 tons)
- Poland (20.5 tons)
- Germany (11.4 tons)
- Austria (10.9 tons)
- Netherlands (10.6 tons)
- Spain (3.6 tons)
- Hungary (2.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -5.2% to 27 tons, falling for the second year in a row after two years of growth. In general, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +3.3% 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 decreased by -38.7% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year. As a result, the exports attained the peak of 44 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading declined slightly to $417K in 2022. The total export value increased at an average annual rate of +3.6% 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 42% against the previous year. As a result, the exports attained the peak of $531K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 296 | 342 | 308 | 282 | -1.6% |
| Hungary | 10.8 | 44.0 | 50.7 | 50.7 | 67.4% |
| Poland | 26.9 | 93.5 | 40.2 | 27.5 | 0.7% |
| Slovenia | N/A | 0.5 | 1.5 | 16.3 | 471.0% |
| Austria | 5.4 | 1.8 | 0.8 | 10.5 | 24.8% |
| Romania | 17.5 | 14.1 | 10.4 | 10.1 | -16.7% |
| Ukraine | N/A | 10.0 | N/A | 2.7 | -48.0% |
| Others | 18.8 | 24.9 | 18.6 | 16.9 | -3.5% |
| Total | 375 | 531 | 431 | 417 | 3.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Slovakia in 2022:
- Czech Republic (10.2 tons)
- Hungary (7.6 tons)
- Poland (3.0 tons)
- Austria (2.2 tons)
- Ukraine (1.7 tons)
- Slovenia (1.3 tons)
- Romania (0.2 tons)
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