Spices; Mixtures Price in Australia - 2023
Contents:
- Spices; Mixtures Price in Australia (CIF) - 2023
- Spices; Mixtures Price in Australia (FOB) - 2023
- Spices; Mixtures Imports in Australia
- Spices; Mixtures Exports in Australia
Spices; Mixtures Price in Australia (CIF) - 2023
In July 2023, the average spices; mixtures import price amounted to $7,254 per ton, waning by -2.5% against the previous month. Over the period under review, import price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, spices; mixtures import price decreased by -27.6% against May 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 112% against the previous month. As a result, import price attained the peak level of $10,019 per ton. From June 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($35,775 per ton), while the price for Egypt ($3,808 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Australia (FOB) - 2023
In July 2023, the average spices; mixtures export price amounted to $5,641 per ton, declining by -29.6% against the previous month. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 41% m-o-m. Over the period under review, the average export prices hit record highs at $47,878 per ton in July 2022; however, from August 2022 to July 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 Malaysia ($41,466 per ton), while the average price for exports to Solomon Islands ($1,684 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mixtureses, when their volume decreased by -80.7% to 619 tons. Over the period under review, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 419% against the previous year. As a result, imports attained the peak of 3.2K tons, and then shrank notably in the following year.
In value terms, spices; mixtures imports declined markedly to $3.8M in 2022. Overall, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 501% against the previous year. As a result, imports attained the peak of $20M, and then contracted significantly in the following year.
| Import of Spices; Mixtures in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 911 | 1,152 | 1,699 | 1,507 | 18.3% |
| Italy | 36.0 | 433 | 432 | 483 | 137.6% |
| Malaysia | 173 | 210 | 194 | 229 | 9.8% |
| Sri Lanka | 114 | 116 | 265 | 198 | 20.2% |
| Jordan | 123 | 144 | 161 | 190 | 15.6% |
| Taiwan (Chinese) | 151 | 93.1 | 107 | 186 | 7.2% |
| Egypt | N/A | 69.6 | 135 | 163 | 53.0% |
| Pakistan | 30.1 | 64.3 | 13.2 | 123 | 59.9% |
| South Africa | 191 | 192 | 89.8 | 117 | -15.1% |
| China | 375 | 487 | 697 | 87.2 | -38.5% |
| Others | 751 | 401 | 16,392 | 483 | -13.7% |
| Total | 2,855 | 3,361 | 20,186 | 3,765 | 9.7% |
Top Suppliers of Spices; Mixtures to Australia in 2022:
- India (232.4 tons)
- Jordan (82.5 tons)
- Egypt (41.7 tons)
- Taiwan (Chinese) (41.1 tons)
- Malaysia (38.0 tons)
- South Africa (37.3 tons)
- Pakistan (34.2 tons)
- Sri Lanka (33.1 tons)
- Italy (15.8 tons)
- China (15.3 tons)
Spices; Mixtures Exports in Australia
In 2022, the amount of spices; mixtureses exported from Australia expanded remarkably to 184 tons, surging by 8.3% on 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 21%. As a result, the exports attained the peak of 208 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; mixtures exports soared to $1.6M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 747 | 1,049 | 950 | 764 | 0.8% |
| Singapore | 32.8 | 35.6 | 73.6 | 261 | 99.6% |
| Philippines | 29.9 | 8.9 | 10.5 | 200 | 88.4% |
| Malaysia | 202 | 45.9 | 138 | 149 | -9.6% |
| Papua New Guinea | 7.4 | 2.3 | 2.4 | 42.6 | 79.2% |
| Indonesia | 6.0 | 11.7 | 18.4 | 27.6 | 66.3% |
| Fiji | 18.1 | 5.9 | 0.5 | 26.4 | 13.4% |
| Belgium | 76.5 | N/A | N/A | N/A | 0% |
| Others | 207 | 176 | 151 | 152 | -9.8% |
| Total | 1,327 | 1,336 | 1,346 | 1,622 | 6.9% |
Top Export Markets for Spices; Mixtures from Australia in 2022:
- New Zealand (101.1 tons)
- Singapore (30.8 tons)
- Malaysia (18.0 tons)
- Philippines (10.6 tons)
- Papua New Guinea (6.3 tons)
- Fiji (4.5 tons)
- Indonesia (2.8 tons)
2040
This report provides an in-depth analysis of the ginger market in Australia.
81
This report provides an in-depth analysis of the market for spices except pepper or ginger in Australia.
512
This report provides an in-depth analysis of the market for dog and cat food in Australia.
949
This report provides an in-depth analysis of the apricot market in Australia.
1277
This report provides an in-depth analysis of the virgin olive oil market in Australia.
458
This report provides an in-depth analysis of the paint and varnish market in Australia.
363
This report provides an in-depth analysis of the olive oil market in Australia.
529
This report provides an in-depth analysis of the encased lead pencil market in Australia.
312
This report provides an in-depth analysis of the assembled clock movements market in Australia.
415
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Australia.
565
In May 2023, the Ginger price reached $4,144 per ton (CIF, Australia), recording a 4.6% increase compared to the previous month.
586
This article provides information on Australia's dog and cat food import prices and imports by country in December 2022. The price of dog and cat food was $3,269 per ton, growing by 6.9% against the previous month. New Zealand had the highest price at $12,829 per ton, while Italy was amongst the lowest at $1,563 per ton, and Hungary had the most notable rate of growth in terms of prices. Dog and cat food imports into Australia dropped sharply to 11K tons with a decrease of -21.7% on the previous month, with Thailand, France, and the United States being the main suppliers. In value terms, Thailand, France, and the United States were the largest dog and cat food suppliers to Australia. The article provides a detailed breakdown of import prices by country and changes in import volume and value over the last twelve months.
152
The rate of growth was highest in August 2023, with a month-on-month increase of 46%. In terms of value, imports of Paint and Varnish decreased to $14M in October 2023.
911
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
1024
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.
783
The global ginger market revenue amounted to $5.3B in 2018, jumping by 2.8% against the previous year. This figure...
7506
Global ginger consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
8587
Global ginger imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1381
The global ginger market recorded a positive trend over the period under review, growing from X thousand tons in 2007 to X thousand tons in 2015 with a CAGR +X>
7888
The value of total imports on the global ginger market in 2015 stood at X million USD. There was an annual increase of +X% for the period from 2007 to 2015. In physical terms, imports of ginger was X thousand tons i
