Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,977 per ton, shrinking by -1.8% against the previous month. In general, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -12.6% against August 2023 indices. The pace of growth was the most pronounced in November 2022 when the average import price increased by 59% m-o-m. Over the period under review, average import prices attained the peak figure at $4,552 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($5,853 per ton), while the price for Egypt ($1,001 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 Italy (+13.9%), 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 the Netherlands (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $5,696 per ton, remaining relatively unchanged against the previous month. Overall, export price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +33.1% against August 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 39% m-o-m. Over the period under review, the average export prices hit record highs at $5,720 per ton in September 2023, and then declined modestly in the following month.
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 ($12,891 per ton), while the average price for exports to Ukraine ($3,711 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 Ukraine (+21.8%), 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 the Netherlands
In 2022, purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -1.4% to 13K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +10.2% over the period 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 2020 with an increase of 30% against the previous year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted slightly to $35M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.6 | 9.8 | 9.6 | 9.7 | 13.7% |
| Thailand | 3.2 | 4.5 | 4.8 | 4.8 | 14.5% |
| India | 1.1 | 1.7 | 5.9 | 4.5 | 59.9% |
| China | 2.1 | 3.6 | 4.0 | 3.6 | 19.7% |
| Germany | 1.4 | 1.4 | 2.9 | 3.3 | 33.1% |
| Belgium | 2.1 | 1.7 | 1.8 | 3.0 | 12.6% |
| Italy | 0.7 | 0.7 | 1.0 | 2.1 | 44.2% |
| Turkey | 0.9 | 1.0 | 0.7 | 0.4 | -23.7% |
| Others | 1.7 | 2.4 | 4.3 | 3.1 | 22.2% |
| Total | 19.9 | 26.9 | 35.1 | 34.6 | 20.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to the Netherlands in 2022:
- Thailand (4.0K tons)
- Spain (3.6K tons)
- Italy (1.5K tons)
- India (1.1K tons)
- China (1.0K tons)
- Germany (0.6K tons)
- Belgium (0.6K tons)
- Turkey (0.1K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands
In 2022, after three years of growth, there was decline in overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -3.1% to 6.8K tons. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.0% 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 +44.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, the exports attained the peak of 7K tons, and then contracted modestly in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $23M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.9% 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 +72.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 34%. 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 expected to retain growth in the near future.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 5.2 | 7.7 | 7.0 | 24.8% |
| Belgium | 2.0 | 3.5 | 3.4 | 2.1 | 1.6% |
| Switzerland | 1.2 | 1.5 | 1.3 | 1.7 | 12.3% |
| Sweden | 1.4 | 1.8 | 1.5 | 1.5 | 2.3% |
| France | 0.3 | 0.4 | 0.6 | 1.2 | 58.7% |
| United Kingdom | 0.8 | 0.8 | 0.9 | 1.2 | 14.5% |
| Spain | 0.3 | 0.6 | 1.0 | 1.2 | 58.7% |
| Italy | 0.3 | 0.9 | 1.0 | 1.1 | 54.2% |
| Poland | 0.4 | 0.4 | 0.7 | 0.6 | 14.5% |
| Austria | 0.4 | 0.3 | 0.9 | 0.6 | 14.5% |
| Czech Republic | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Norway | N/A | 0.1 | 0.4 | 0.5 | 123.6% |
| Trinidad and Tobago | 0.3 | 0.4 | 0.4 | 0.4 | 10.1% |
| Others | 2.0 | 1.9 | 2.8 | 3.7 | 22.8% |
| Total | 13.4 | 18.0 | 23.0 | 23.1 | 19.9% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from the Netherlands in 2022:
- Germany (2400.2 tons)
- Switzerland (751.3 tons)
- Belgium (563.9 tons)
- Spain (354.3 tons)
- Sweden (324.3 tons)
- United Kingdom (265.9 tons)
- France (263.3 tons)
- Italy (245.8 tons)
- Czech Republic (191.8 tons)
- Austria (188.7 tons)
- Norway (169.6 tons)
- Poland (165.9 tons)
- Trinidad and Tobago (98.5 tons)
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