Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,377 per ton in October 2023, which is down by -3.5% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.4%. The pace of growth appeared the most rapid in November 2022 an increase of 46% against the previous month. The import price peaked at $7,195 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Latvia ($11,626 per ton), while the price for Spain ($3,601 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 Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $13,359 per ton, with a decrease of -3.8% against the previous month. Overall, export price indicated a pronounced increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +26.5% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 31% m-o-m. The export price peaked at $16,190 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Lithuania ($24,266 per ton), while the average price for exports to Russia ($9,128 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia
In 2022, approx. 402 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Estonia; with a decrease of -2.2% on 2021. Overall, imports saw a perceptible setback. The smallest decline of -0.2% was in 2020.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose slightly to $1.8M in 2022. Over the period under review, imports recorded a pronounced decrease.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 556 | 960 | 801 | 676 | 6.7% |
| Sweden | 13.4 | 541 | 610 | 584 | 251.9% |
| Vietnam | 131 | 69.8 | 35.0 | 221 | 19.0% |
| India | 244 | 61.2 | 43.5 | 95.9 | -26.7% |
| Latvia | 12.2 | 42.8 | 58.4 | 73.0 | 81.5% |
| United States | 472 | N/A | N/A | N/A | 0% |
| Israel | 189 | N/A | N/A | N/A | 0% |
| Others | 257 | 105 | 172 | 111 | -24.4% |
| Total | 1,875 | 1,780 | 1,720 | 1,761 | -2.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Estonia in 2022:
- Spain (208.6 tons)
- Sweden (102.3 tons)
- Vietnam (43.0 tons)
- India (20.4 tons)
- Latvia (7.5 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground exported from Estonia soared to 151 tons, increasing by 66% on 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 increased by +72.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $1.5M in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +61.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 537 | 516 | 493 | 531 | -0.4% |
| Russia | 134 | 53.4 | 6.0 | 466 | 51.5% |
| Lithuania | 121 | 147 | 201 | 247 | 26.9% |
| Latvia | 94.8 | 132 | 166 | 161 | 19.3% |
| Finland | 7.6 | 4.5 | 4.1 | 10.4 | 11.0% |
| Denmark | 24.3 | 25.2 | 17.2 | 9.6 | -26.6% |
| Others | 27.6 | 25.9 | 26.0 | 36.7 | 10.0% |
| Total | 947 | 904 | 914 | 1,462 | 15.6% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Estonia in 2022:
- Russia (61.6 tons)
- Sweden (57.6 tons)
- Lithuania (12.3 tons)
- Latvia (10.2 tons)
- Denmark (3.0 tons)
- Finland (2.6 tons)
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