Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,991 per ton, rising by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,991 per ton), while the price for India ($3,991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), 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 Israel (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,390 per ton in 2022, increasing by 34% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +4.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($4,587 per ton) and the United States ($4,485 per ton), while the average price for exports to the UK ($3,375 per ton) and Germany ($3,880 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.2%), 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 Israel
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Israel soared to 4.9K tons, rising by 58% compared with the previous year. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $19M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.3 | 8.2 | 10.0 | 17.9 | 41.6% |
| Spain | N/A | 0.3 | 0.4 | 0.6 | 41.4% |
| India | 0.3 | 0.6 | 0.5 | 0.5 | 18.6% |
| Others | 0.3 | 1.0 | 0.5 | 0.5 | 18.6% |
| Total | 6.9 | 10.1 | 11.4 | 19.5 | 41.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Israel in 2022:
- China (4.5K tons)
- India (0.1K tons)
- Spain (0.1K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -4.7% to 2.8K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -11.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 74%. As a result, the exports reached the peak of 3.2K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $12M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 85% against the previous year. Over the period under review, the exports 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.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 6.7 | 8.3 | 10.6 | 44.7% |
| Sweden | 0.5 | 0.7 | 0.6 | 0.9 | 21.6% |
| Germany | 0.9 | 1.0 | 0.2 | 0.4 | -23.7% |
| United Kingdom | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Switzerland | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Austria | 0.2 | 0.7 | N/A | N/A | 250.0% |
| Others | 0.1 | 0.3 | 0.3 | 0.1 | 0.0% |
| Total | 5.2 | 9.6 | 9.6 | 12.3 | 33.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Israel in 2022:
- United States (2358.7 tons)
- Sweden (225.0 tons)
- Germany (92.0 tons)
- United Kingdom (53.0 tons)
- Switzerland (50.5 tons)
- Austria (0.9 tons)
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