Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey (FOB) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,608 per ton in November 2023, with a decrease of -8.3% against the previous month. Over the period under review, the export price recorded a noticeable shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 136% month-to-month. As a result, the export price reached the peak level of $4,619 per ton. From March 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Algeria ($6,759 per ton), while the average price for exports to the Netherlands ($1,697 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+18.6%), 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 Turkey (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,119 per ton in 2022, picking up by 20% against the previous year. Overall, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 45% against the previous year. As a result, import price attained the peak level of $3,723 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($6,365 per ton), while the price for Iran ($344 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey
In 2022, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Turkey rose sharply to 4.7K tons, surging by 13% compared with the year before. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.0% 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 +95.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 38%. 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.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded sharply to $13M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39% 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 see gradual growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,715 | 2,639 | 2,584 | 2,688 | 16.2% |
| United Kingdom | 730 | 1,189 | 1,761 | 2,035 | 40.7% |
| Netherlands | 380 | 652 | 1,698 | 1,417 | 55.1% |
| United States | 319 | 670 | 832 | 952 | 44.0% |
| Canada | 360 | 729 | 666 | 635 | 20.8% |
| France | 410 | 499 | 470 | 581 | 12.3% |
| Saudi Arabia | 1,208 | 1,246 | 50.3 | 493 | -25.8% |
| Cyprus | 398 | 306 | 336 | 465 | 5.3% |
| Azerbaijan | 170 | 227 | 389 | 419 | 35.1% |
| Iraq | 278 | 432 | 372 | 334 | 6.3% |
| United Arab Emirates | 231 | 136 | 163 | 319 | 11.4% |
| Jordan | 3.3 | 0.6 | 216 | 225 | 308.5% |
| Others | 1,202 | 1,566 | 2,161 | 2,085 | 20.2% |
| Total | 7,407 | 10,292 | 11,699 | 12,648 | 19.5% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Turkey in 2022:
- Netherlands (1157.6 tons)
- Germany (846.6 tons)
- United Kingdom (445.1 tons)
- Saudi Arabia (345.1 tons)
- United States (246.0 tons)
- Cyprus (202.0 tons)
- Iraq (187.5 tons)
- Azerbaijan (158.7 tons)
- Canada (138.8 tons)
- France (128.3 tons)
- Jordan (111.2 tons)
- United Arab Emirates (81.3 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey
In 2022, approx. 490 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Turkey; falling by -9.5% on the year before. Over the period under review, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded sharply to $1.5M in 2022. Overall, imports saw a precipitous slump.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 390 | 700 | 753 | 644 | 18.2% |
| India | 52.3 | 162 | 214 | 424 | 100.9% |
| Germany | 0.3 | N/A | N/A | 173 | 732.4% |
| Austria | 78.4 | 15.8 | 55.2 | 169 | 29.2% |
| China | 102 | 10.3 | 81.9 | 59.1 | -16.6% |
| Iraq | 115 | 71.2 | 140 | 18.5 | -45.6% |
| Iran | 0.8 | N/A | 26.3 | 18.3 | 183.9% |
| Uzbekistan | 6,897 | 250 | 11.8 | N/A | -95.9% |
| Others | 189 | 92.1 | 124 | 21.4 | -51.6% |
| Total | 7,825 | 1,302 | 1,406 | 1,528 | -42.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Turkey in 2022:
- Spain (188.7 tons)
- India (120.9 tons)
- Germany (74.0 tons)
- Iran (53.2 tons)
- Austria (26.6 tons)
- China (10.1 tons)
- Iraq (8.2 tons)
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