Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,561 per ton in October 2023, growing by 9.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in February 2023 an increase of 20% month-to-month. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($7,848 per ton), while the price for Tunisia ($2,492 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 the Netherlands (+9.7%), 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 France (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $9,262 per ton in October 2023, increasing by 23% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 42% month-to-month. Over the period under review, the average export prices attained the maximum in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($22,371 per ton), while the average price for exports to India ($4,106 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 Switzerland (+8.6%), 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 France
For the fourth consecutive year, France recorded growth in overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 4% to 5.8K tons in 2022. The total import volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground reached $22M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.1 | 10.0 | 12.2 | 11.7 | 13.0% |
| India | 1.5 | 1.3 | 1.9 | 2.4 | 17.0% |
| Germany | 1.4 | 1.4 | 2.8 | 2.3 | 18.0% |
| Belgium | 0.6 | 0.7 | 1.2 | 1.3 | 29.4% |
| Netherlands | 0.1 | 0.5 | 0.6 | 0.6 | 81.7% |
| Turkey | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
| Tunisia | 0.7 | 0.6 | 0.2 | 0.4 | -17.0% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.0 | 1.1 | 1.9 | 2.7 | 39.2% |
| Total | 14.0 | 16.1 | 21.4 | 21.9 | 16.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to France in 2022:
- Spain (3462.9 tons)
- India (595.4 tons)
- Germany (387.1 tons)
- Belgium (370.1 tons)
- Netherlands (218.1 tons)
- Tunisia (193.5 tons)
- Turkey (90.5 tons)
- Italy (65.5 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground exported from France reached 1.3K tons, approximately equating 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports attained the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank to $8.1M in 2022. In general, exports, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year. As a result, the exports reached the peak of $10M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 3,249 | 4,058 | 2,794 | 1,627 | -20.6% |
| Portugal | 1,692 | 1,647 | 1,788 | 931 | -18.1% |
| Switzerland | 742 | 795 | 798 | 917 | 7.3% |
| Poland | 1,632 | 2,054 | 927 | 892 | -18.2% |
| Belgium | 498 | 443 | 546 | 678 | 10.8% |
| Italy | 128 | 141 | 223 | 452 | 52.3% |
| Netherlands | 192 | 339 | 484 | 414 | 29.2% |
| Germany | 186 | 162 | 304 | 413 | 30.5% |
| Turkey | 37.2 | N/A | N/A | 163 | 63.6% |
| Spain | 85.6 | 40.0 | 136 | 144 | 18.9% |
| Others | 970 | 772 | 1,420 | 1,502 | 15.7% |
| Total | 9,412 | 10,450 | 9,421 | 8,134 | -4.7% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from France in 2022:
- United Kingdom (462.6 tons)
- Portugal (128.2 tons)
- Belgium (124.2 tons)
- Poland (103.8 tons)
- Italy (95.3 tons)
- Switzerland (78.5 tons)
- Germany (76.0 tons)
- Turkey (74.0 tons)
- Netherlands (43.6 tons)
- Spain (26.5 tons)
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