Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sweden - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sweden (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sweden (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Sweden
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Sweden
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Sweden (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $7,037 per ton in October 2023, falling by -7.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The growth pace was the most rapid in November 2022 when the average import price increased by 18% m-o-m. The import price peaked at $7,584 per ton in September 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Thailand ($14,480 per ton), while the price for Syrian Arab Republic ($1,171 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 (+15.7%), 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 Sweden (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $6,848 per ton, dropping by -60.1% against the previous month. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in January 2023 an increase of 52% month-to-month. Over the period under review, the average export prices hit record highs at $21,372 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($17,471 per ton), while the average price for exports to Norway amounted to $6,313 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+129.9%), 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 Sweden
In 2022, approx. 3.7K tons of spices; mixtures of 2 or more products of the same heading were imported into Sweden; surging by 3.8% compared with the year before. The total import volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports of spices; mixtures of 2 or more products of same heading reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, imports of spices; mixtures of 2 or more products of the same heading reached $21M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of spices; mixtures of 2 or more products of same heading attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.0 | 4.5 | 5.9 | 6.3 | 46.6% |
| Spain | 0.8 | 1.4 | 2.5 | 2.5 | 46.2% |
| Thailand | 2.9 | 2.5 | 2.7 | 2.3 | -7.4% |
| Netherlands | 2.4 | 2.2 | 1.7 | 2.0 | -5.9% |
| Denmark | 1.5 | 1.2 | 1.3 | 1.7 | 4.3% |
| Italy | 1.8 | 1.4 | 1.5 | 1.6 | -3.9% |
| Belgium | 1.0 | 0.9 | 1.0 | 1.1 | 3.2% |
| Turkey | 0.3 | 0.4 | 1.0 | 0.7 | 32.6% |
| Lebanon | 0.4 | 0.4 | 0.2 | 0.2 | -20.6% |
| India | 0.1 | 0.1 | 0.4 | 0.2 | 26.0% |
| France | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Syrian Arab Republic | N/A | 0.2 | 0.2 | 0.1 | -29.3% |
| Others | 1.9 | 2.2 | 2.4 | 2.0 | 1.7% |
| Total | 15.2 | 17.5 | 20.9 | 21.1 | 11.6% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Sweden in 2022:
- Italy (972.0 tons)
- Germany (512.6 tons)
- Spain (497.6 tons)
- Belgium (363.4 tons)
- Netherlands (292.4 tons)
- Thailand (268.8 tons)
- Turkey (154.6 tons)
- Denmark (150.2 tons)
- India (99.2 tons)
- France (56.1 tons)
- Syrian Arab Republic (48.4 tons)
- Lebanon (37.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Sweden
In 2022, the amount of spices; mixtures of 2 or more products of the same heading exported from Sweden reduced remarkably to 189 tons, dropping by -37.2% against 2021. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports attained the peak of 301 tons, and then dropped rapidly in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading reduced remarkably to $2.9M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $4M, and then contracted rapidly in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 957 | 1,420 | 1,949 | 1,296 | 10.6% |
| Finland | 519 | 543 | 704 | 594 | 4.6% |
| Norway | 547 | 408 | 676 | 459 | -5.7% |
| Estonia | 104 | 170 | 149 | 195 | 23.3% |
| Poland | 51.9 | 54.3 | 52.1 | 60.2 | 5.1% |
| Germany | 17.7 | 74.2 | 64.7 | 59.0 | 49.4% |
| Iceland | 14.1 | 23.0 | 38.8 | 56.4 | 58.7% |
| Belgium | 25.6 | 0.3 | 16.6 | 52.9 | 27.4% |
| Others | 97.0 | 111 | 350 | 141 | 13.3% |
| Total | 2,334 | 2,804 | 4,001 | 2,913 | 7.7% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Sweden in 2022:
- Denmark (62.9 tons)
- Norway (35.4 tons)
- Finland (29.2 tons)
- Estonia (28.2 tons)
- Germany (7.2 tons)
- Belgium (7.2 tons)
- Iceland (4.0 tons)
- Poland (3.8 tons)
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