Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $6,790 per ton, increasing by 34% against the previous month. Over the last twelve months, it increased at an average monthly rate of +5.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was France ($8,813 per ton), while the price for Spain ($4,700 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 Poland (+4.0%), 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 Portugal (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $8,271 per ton in October 2023, falling by -2.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.7%. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 25% against the previous month. As a result, the export price reached the peak level of $9,108 per ton. From July 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Spain ($9,678 per ton), while the average price for exports to Luxembourg ($1,367 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 Spain (+2.8%), 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 Portugal
Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Portugal rose to 831 tons in 2022, growing by 1.8% against 2021. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11% against the previous year. As a result, imports attained the peak of 873 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell modestly to $3.8M in 2022. The total import value increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11%.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,391 | 1,800 | 1,666 | 1,856 | 10.1% |
| France | 1,594 | 1,562 | 1,850 | 1,146 | -10.4% |
| Poland | N/A | N/A | N/A | 466 | 0% |
| Germany | 215 | 229 | 223 | 213 | -0.3% |
| Colombia | 19.1 | 19.1 | 19.7 | 23.0 | 6.4% |
| Others | 123 | 86.9 | 131 | 75.1 | -15.2% |
| Total | 3,342 | 3,696 | 3,890 | 3,779 | 4.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Portugal in 2022:
- Spain (524.9 tons)
- France (167.9 tons)
- Poland (76.2 tons)
- Germany (31.9 tons)
- Colombia (17.2 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -2% to 158 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +5.7% 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 2020 with an increase of 37%. As a result, the exports attained the peak of 184 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 dropped modestly to $1M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 706 | 1,000 | 805 | 729 | 1.1% |
| Angola | 60.2 | 26.5 | 64.5 | 215 | 52.9% |
| France | 67.2 | 70.2 | 74.9 | 26.5 | -26.7% |
| Mozambique | 4.0 | 8.9 | 6.8 | 10.9 | 39.7% |
| Luxembourg | 3.9 | 17.1 | 15.2 | 5.5 | 12.1% |
| Others | 51.4 | 70.1 | 78.7 | 52.6 | 0.8% |
| Total | 893 | 1,192 | 1,046 | 1,039 | 5.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Portugal in 2022:
- Spain (97.9 tons)
- Angola (39.3 tons)
- France (5.1 tons)
- Luxembourg (4.1 tons)
- Mozambique (2.4 tons)
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