Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (FOB) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (FOB) - 2023
In November 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $7,817 per ton, dropping by -6.7% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 35% month-to-month. Over the period under review, the average export prices reached the maximum at $8,637 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Bosnia and Herzegovina ($10,331 per ton), while the average price for exports to North Macedonia ($6,232 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,414 per ton, rising by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2020 when the average import price increased by 13%. The import price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($6,130 per ton), while the price for Bulgaria ($1,678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), 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 Serbia
In 2022, approx. 896 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Serbia; with a decrease of -14.4% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt decrease. The smallest decline of -5% was in 2021.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell to $5.1M in 2022. In general, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 1.7% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,228 | 1,119 | 1,465 | 1,752 | 12.6% |
| Bosnia and Herzegovina | 981 | 850 | 1,007 | 964 | -0.6% |
| Montenegro | 550 | 442 | 624 | 576 | 1.6% |
| Hungary | 1,268 | 1,610 | 923 | 488 | -27.3% |
| Slovakia | 52.2 | 196 | 190 | 273 | 73.6% |
| Croatia | 671 | 664 | 464 | 270 | -26.2% |
| North Macedonia | 170 | 193 | 272 | 228 | 10.3% |
| Slovenia | 237 | 180 | 206 | 133 | -17.5% |
| Others | 396 | 392 | 525 | 409 | 1.1% |
| Total | 5,553 | 5,646 | 5,676 | 5,092 | -2.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Serbia in 2022:
- Germany (365.5 tons)
- Bosnia and Herzegovina (140.5 tons)
- Hungary (87.2 tons)
- Montenegro (86.7 tons)
- North Macedonia (45.9 tons)
- Croatia (40.7 tons)
- Slovakia (40.6 tons)
- Slovenia (21.9 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia
After three years of growth, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -11.2% to 659 tons in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 50%. As a result, imports reached the peak of 742 tons, and then shrank in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped to $2.3M in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 55%. As a result, imports attained the peak of $2.5M, and then reduced in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 694 | 845 | 1,344 | 1,378 | 25.7% |
| China | 162 | 187 | 597 | 288 | 21.1% |
| Hungary | 297 | 381 | 349 | 185 | -14.6% |
| India | 72.3 | 95.2 | 101 | 128 | 21.0% |
| Germany | 2.9 | 0.9 | 10.4 | 127 | 252.5% |
| Bulgaria | 17.1 | 5.2 | 35.1 | 80.5 | 67.6% |
| Others | 22.5 | 84.5 | 46.1 | 63.2 | 41.1% |
| Total | 1,268 | 1,598 | 2,483 | 2,250 | 21.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Serbia in 2022:
- Spain (412.4 tons)
- China (98.0 tons)
- Bulgaria (48.0 tons)
- India (36.2 tons)
- Hungary (30.2 tons)
- Germany (21.4 tons)
124
This report provides an in-depth analysis of the pimenta pepper market in Serbia.
134
This report provides an in-depth analysis of the piper pepper market in Serbia.
164
This report provides an in-depth analysis of the spice market in Serbia.
910
This report provides an in-depth analysis of the global pimenta pepper market.
6761
This report provides an in-depth analysis of the global piper pepper market.
5066
This report provides an in-depth analysis of the global spice market.
124
This report provides an in-depth analysis of the pimenta pepper market in Serbia.
134
This report provides an in-depth analysis of the piper pepper market in Serbia.
164
This report provides an in-depth analysis of the spice market in Serbia.
910
This report provides an in-depth analysis of the global pimenta pepper market.
1223
The global pimenta pepper market rose modestly to $10.9B in 2019, surging by 4.2% against the previous year. This...
1137
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
5032
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6434
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1181
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015.
3818
From 2007 to 2015, global exports on the pepper market surged by +X% per year, amounting to X million USD in 2015. This was X million USD (X%) more than in 2014. In physical terms, exports stood at X thousand to
15132
The global pepper market showed steady growth, rising from X thousand tons in 2007 to X thousand tons in 2015. From 2007 to 2015, it expanded with a CAGR of +X%.
1900
In 2015, the value of total imports on the global pepper market stood at X million USD, an increase of X million USD (or X%) than on the previous year. Overall, there was an annual increase of +X% for the period from 2007 to 2015. In physical
1465
According to market research conducted by IndexBox, global pepper production was estimated at X thousand tons in 2015, an increase of X thousand tons than in 2014. In value terms, production reached record levels, increasing to X million USD
1227
India dominates in the global pepper trade. In 2014, India exported X thousand tons of pepper totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total pepper exports in value
