Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,578 per ton in October 2023, reducing by -51.4% against the previous month. Over the period under review, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 41% against the previous month. Over the period under review, average import prices hit record highs at $10,129 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 Vietnam ($15,082 per ton), while the price for Poland ($1,506 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 Belgium (+4.7%), 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 Ireland (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $9,153 per ton in 2022, which is down by -10.5% against the previous year. In general, the export price faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 49%. Over the period under review, the average export prices reached the maximum at $52,830 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($9,326 per ton), while the average price for exports to the United Arab Emirates totaled $5,718 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-10.2%).
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland
In 2022, supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by less than 0.1% to 405 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, imports reached the peak of 405 tons, leveling off in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded notably to $2.9M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 499 | 911 | 1,119 | 1,227 | 35.0% |
| Spain | 203 | 176 | 365 | 456 | 31.0% |
| Belgium | 38.3 | 72.4 | 86.8 | 241 | 84.6% |
| India | 40.8 | 0.9 | 380 | 209 | 72.4% |
| China | 9.1 | 0.5 | 170 | 192 | 176.3% |
| Malawi | N/A | 0.1 | 26.2 | 136 | 3587.8% |
| Vietnam | 30.0 | 49.7 | 50.3 | 86.0 | 42.1% |
| Mexico | 51.0 | 0.4 | 31.8 | 42.8 | -5.7% |
| Netherlands | 36.7 | 104 | 50.0 | 29.3 | -7.2% |
| Germany | 93.0 | 196 | 84.9 | 27.6 | -33.3% |
| Italy | 37.4 | 23.0 | 34.9 | 26.6 | -10.7% |
| Others | 150 | 23.6 | 374 | 251 | 18.7% |
| Total | 1,188 | 1,558 | 2,773 | 2,925 | 35.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Ireland in 2022:
- United Kingdom (134.6 tons)
- Spain (90.7 tons)
- Belgium (31.8 tons)
- China (30.6 tons)
- India (25.5 tons)
- Malawi (23.7 tons)
- Italy (10.9 tons)
- Vietnam (8.9 tons)
- Mexico (6.7 tons)
- Netherlands (6.3 tons)
- Germany (4.4 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ireland
In 2022, approx. 21 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Ireland; with an increase of 95% compared with 2021 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached 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 $194K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached 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 Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 57.7 | 69.8 | 110 | 188 | 48.2% |
| United Arab Emirates | N/A | N/A | N/A | 5.7 | 0% |
| Others | 0.1 | 1.5 | 0.6 | 0.1 | 0.0% |
| Total | 57.8 | 71.3 | 111 | 194 | 49.7% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Ireland in 2022:
- United Kingdom (20.2 tons)
- United Arab Emirates (1.0 tons)
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