Spices; Mixtures Price in Uruguay - 2022
Contents:
- Spices; Mixtures Price in Uruguay (CIF) - 2022
- Spices; Mixtures Price in Uruguay (FOB) - 2022
- Spices; Mixtures Imports in Uruguay
- Spices; Mixtures Exports in Uruguay
Spices; Mixtures Price in Uruguay (CIF) - 2022
The average spices; mixtures import price stood at $4,026 per ton in 2022, with a decrease of -8.8% against the previous year. Overall, the import price saw a abrupt setback. The growth pace was the most rapid in 2015 an increase of 58%. As a result, import price reached the peak level of $14,510 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($9,857 per ton), while the price for Spain ($3,183 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Uruguay (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $8,438 per ton, growing by 3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 21%. Over the period under review, the average export prices reached the peak figure at $9,783 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.5% per year.
Spices; Mixtures Imports in Uruguay
In 2022, overseas purchases of spices; mixtureses decreased by -86.1% to 14 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 47%. As a result, imports attained the peak of 103 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mixtures imports shrank remarkably to $58K in 2022. Overall, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year.
| Import of Spices; Mixtures in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 25.7 | N/A | 19.0 | 34.9 | 10.7% |
| United Kingdom | 7.1 | N/A | 10.9 | 8.7 | 7.0% |
| France | N/A | N/A | N/A | 5.3 | 0% |
| Austria | 4.4 | 8.6 | 10.5 | 2.8 | -14.0% |
| United States | 221 | 429 | 384 | 2.4 | -77.9% |
| India | N/A | 2.4 | N/A | 1.6 | -18.4% |
| Chile | 0.3 | N/A | N/A | 1.2 | 58.7% |
| Others | 37.5 | 11.7 | 29.8 | 0.8 | -72.3% |
| Total | 296 | 452 | 455 | 57.6 | -42.1% |
Top Suppliers of Spices; Mixtures to Uruguay in 2022:
- Spain (11.0 tons)
- United Kingdom (1.5 tons)
- France (0.6 tons)
- United States (0.4 tons)
- India (0.3 tons)
- Austria (0.3 tons)
- Chile (0.3 tons)
Spices; Mixtures Exports in Uruguay
In 2022, overseas shipments of spices; mixtureses increased by 8.2% to 1.4 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a perceptible reduction.
In value terms, spices; mixtures exports expanded notably to $11K in 2022. In general, exports, however, recorded a pronounced curtailment.
| Export of Spices; Mixtures in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 6.1 | 10.6 | 9.0 | 11.4 | 23.2% |
| Spain | 6.4 | 1.5 | N/A | N/A | -76.6% |
| Canada | N/A | N/A | 1.2 | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 12.6 | 12.2 | 10.2 | 11.4 | -3.3% |
Top Export Markets for Spices; Mixtures from Uruguay in 2022:
- Netherlands (1.4 tons)
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