Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico (FOB) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico (CIF) - 2023
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $643 per ton, picking up by 5.7% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in February 2023 an increase of 71% month-to-month. Over the period under review, the average export prices hit record highs at $2,797 per ton in April 2023; however, from May 2023 to October 2023, 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 United States.
From November 2022 to October 2023, the rate of growth in terms of prices for the United States amounted to +0.9% per month.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,915 per ton in October 2023, surging by 8% against the previous month. Over the last eleven months, it increased at an average monthly rate of +4.0%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 31% against the previous month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,161 per ton), while the price for China totaled $2,187 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground exported from Mexico surged to 10K tons, jumping by 16% on 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 96%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $22M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +54.8% 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.6 | 13.6 | 16.9 | 21.6 | 13.9% |
| Others | 0.9 | 0.5 | 0.2 | 0.1 | -51.9% |
| Total | 15.5 | 14.0 | 17.1 | 21.7 | 11.9% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Mexico in 2022:
- United States (10.3K tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Mexico
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Mexico surged to 6K tons, picking up by 70% on the previous year. In general, imports saw a significant expansion. As a result, imports attained 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 $14M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +56.4% against 2019 indices. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 3.7 | 4.4 | 9.4 | 33.0% |
| United States | 1.8 | 2.9 | 2.9 | 2.1 | 5.3% |
| Spain | 2.4 | 2.1 | 1.8 | 1.4 | -16.4% |
| India | 0.8 | 0.6 | 0.4 | 0.7 | -4.4% |
| Pakistan | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | 0.2 | 0.1 | N/A | -50.0% |
| Total | 8.9 | 9.5 | 9.7 | 14.0 | 16.3% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Mexico in 2022:
- China (5.1K tons)
- Spain (0.4K tons)
- United States (0.3K tons)
- Pakistan (0.2K tons)
- India (0.1K tons)
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