Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland - 2023

Contents:

1. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland (CIF) - 2023
2. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland (FOB) - 2022
3. Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland
4. Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland (CIF) - 2023

The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,222 per ton in November 2023, shrinking by -26% against the previous month. Over the period under review, the import price saw a slight shrinkage. The growth pace was the most rapid in February 2023 an increase of 38% m-o-m. The import price peaked at $7,059 per ton in October 2023, and then contracted notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($15,134 per ton), while the price for Thailand ($2,622 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), 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 Switzerland (FOB) - 2022

In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $6,760 per ton, shrinking by -17.6% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. Over the period under review, the average export prices reached the maximum at $22,937 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($16,319 per ton), while the average price for exports to North Macedonia ($1,855 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+18.1%), while the prices for the other major destinations experienced a decline.

Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland

In 2022, after three years of growth, there was significant decline in overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -9.5% to 2.1K tons. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year. As a result, imports reached the peak of 2.4K tons, and then reduced in the following year.

In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped to $11M in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $12M, and then dropped in the following year.

Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Switzerland in 2022:

1. Spain (530.3 tons)
2. North Macedonia (383.4 tons)
3. Netherlands (186.6 tons)
4. Italy (178.1 tons)
5. Germany (155.3 tons)
6. Croatia (134.1 tons)
7. China (120.2 tons)
8. Serbia (93.8 tons)
9. Turkey (91.1 tons)
10. Israel (56.1 tons)
11. Thailand (45.5 tons)
12. France (32.5 tons)
13. United States (30.8 tons)

Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Switzerland

For the fourth year in a row, Switzerland recorded growth in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 26% to 129 tons in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 111% against the previous year. 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 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 reached $875K in 2022. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 148%. 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 see steady growth in the immediate term.

Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Switzerland in 2022:

1. Germany (75.7 tons)
2. Spain (26.3 tons)
3. North Macedonia (9.9 tons)
4. Russia (8.1 tons)
5. France (5.2 tons)

Source: IndexBox Market Intelligence Platform