Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,298 per ton in October 2023, with a decrease of -8.8% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 19% m-o-m. The import price peaked at $5,443 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Hungary ($8,383 per ton), while the price for China ($2,499 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 Hungary (+2.1%), 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 the Czech Republic (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,484 per ton in 2022, falling by -28.5% against the previous year. In general, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of 33%. Over the period under review, the average export prices reached the maximum at $6,273 per ton in 2021, and then dropped dramatically in the following year.
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 ($8,535 per ton), while the average price for exports to Romania ($3,270 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 (+3.3%), 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 the Czech Republic
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into the Czech Republic soared to 2.8K tons, increasing by 23% against the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 expanded significantly to $11M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. Over the period under review, imports 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.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.0 | 3.0 | 3.9 | 4.5 | 4.0% |
| Germany | 0.5 | 0.6 | 1.1 | 1.4 | 40.9% |
| Slovakia | 0.6 | 0.9 | 1.0 | 1.0 | 18.6% |
| Poland | 0.2 | 0.6 | 0.7 | 0.9 | 65.1% |
| Hungary | 0.8 | 0.9 | 1.0 | 0.9 | 4.0% |
| Austria | N/A | 0.8 | 0.8 | 0.8 | 0.0% |
| China | 0.9 | 0.5 | 0.4 | 0.6 | -12.6% |
| Romania | 0.3 | 0.3 | 0.1 | N/A | -42.3% |
| Others | 0.6 | 0.4 | 0.6 | 0.6 | 0.0% |
| Total | 7.9 | 8.1 | 9.7 | 10.8 | 11.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to the Czech Republic in 2022:
- Spain (1398.2 tons)
- Germany (314.6 tons)
- Poland (272.5 tons)
- China (202.7 tons)
- Slovakia (190.1 tons)
- Hungary (142.1 tons)
- Austria (137.9 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic
In 2022, approx. 503 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from the Czech Republic; with an increase of 46% against the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.9% 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 +55.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2.3M in 2022. The total export value increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% 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 expected to retain growth in the near future.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 309 | 594 | 815 | 835 | 39.3% |
| Slovakia | 502 | 380 | 488 | 627 | 7.7% |
| Hungary | 254 | 322 | 263 | 164 | -13.6% |
| Norway | 125 | 138 | 161 | 164 | 9.5% |
| Croatia | 145 | 155 | 150 | 126 | -4.6% |
| Poland | 175 | 56.4 | 81.3 | 117 | -12.6% |
| Romania | 39.8 | 46.4 | 58.3 | 48.6 | 6.9% |
| Others | 69.0 | 108 | 145 | 174 | 36.1% |
| Total | 1,620 | 1,799 | 2,162 | 2,256 | 11.7% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from the Czech Republic in 2022:
- Germany (227.5 tons)
- Slovakia (136.7 tons)
- Poland (32.1 tons)
- Croatia (27.7 tons)
- Norway (20.0 tons)
- Hungary (19.3 tons)
- Romania (14.9 tons)
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