Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,040 per ton in September 2023, growing by 34% against the previous month. Overall, import price indicated strong growth from September 2022 to September 2023: its price increased at an average monthly rate of +5.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +34.1% against June 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 66% m-o-m. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($8,555 per ton), while the price for Spain ($4,460 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), 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 Slovakia (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,014 per ton in October 2023, declining by -16.1% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 26% m-o-m. Over the period under review, the average export prices attained the maximum at $6,054 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the UK ($8,396 per ton), while the average price for exports to Serbia amounted to $1,922 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.8%), 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 Slovakia
In 2022, supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -9.6% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 66%. As a result, imports attained the peak of 2K tons, and then declined in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank modestly to $6M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.1% 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 +64.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports reached the peak of $6M, leveling off in the following year.
Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 989 | 976 | 1,074 | 2,138 | 29.3% |
Hungary | 1,426 | 1,966 | 1,991 | 1,565 | 3.1% |
Slovenia | N/A | N/A | 1,361 | 998 | -26.7% |
Germany | 22.3 | 315 | 313 | 415 | 165.0% |
Serbia | 51.6 | 167 | 162 | 252 | 69.7% |
Czech Republic | 105 | 446 | 293 | 249 | 33.4% |
Austria | 4.1 | 233 | 216 | 193 | 261.1% |
Romania | 96.4 | 145 | 99.0 | 93.7 | -0.9% |
Poland | 165 | 145 | 215 | 43.2 | -36.0% |
China | 221 | N/A | 216 | N/A | -1.1% |
Others | 558 | 9.7 | 70.4 | 48.1 | -55.8% |
Total | 3,639 | 4,401 | 6,010 | 5,996 | 18.1% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Slovakia in 2022:
- Spain (638.7 tons)
- Slovenia (475.0 tons)
- Hungary (370.2 tons)
- Germany (127.8 tons)
- Czech Republic (52.0 tons)
- Serbia (40.6 tons)
- Austria (32.4 tons)
- Romania (14.4 tons)
- Poland (8.1 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia
In 2022, approx. 552 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Slovakia; surging by 4.1% on the year before. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.9% 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 +76.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 39%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2.4M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the peak figure in 2022 and are likely to continue growth in years to come.
Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Slovakia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 406 | 777 | 1,015 | 1,257 | 45.7% |
Czech Republic | 831 | 1,107 | 1,196 | 1,076 | 9.0% |
Others | 70.3 | 106 | 146 | 54.2 | -8.3% |
Total | 1,308 | 1,991 | 2,357 | 2,388 | 22.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Slovakia in 2022:
- Hungary (325.5 tons)
- Czech Republic (216.7 tons)
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