Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,997 per ton, rising by 13% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 19%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($12,154 per ton), while the price for Peru ($1,728 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+0.7%), 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 Uruguay (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $7,849 per ton, growing by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,392 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,347 per ton), while the average price for exports to the United States ($7,689 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 Free Zones (+43.7%), 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 Uruguay
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -6.7% to 247 tons. The total import volume increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $740K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 22%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 242 | 358 | 398 | 468 | 24.6% |
| Spain | 88.1 | 36.1 | 70.9 | 112 | 8.3% |
| Chile | 131 | 116 | 151 | 94.7 | -10.3% |
| Argentina | 7.3 | 13.7 | 25.3 | 48.2 | 87.6% |
| Peru | 1.6 | 2.3 | 5.0 | 8.6 | 75.2% |
| Others | 34.1 | 46.5 | 50.3 | 8.7 | -36.6% |
| Total | 504 | 573 | 700 | 740 | 13.7% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Uruguay in 2022:
- China (187.6 tons)
- Chile (28.3 tons)
- Argentina (15.8 tons)
- Spain (9.2 tons)
- Peru (5.0 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Uruguay
For the fourth year in a row, Uruguay recorded growth in overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 3.2% to 259 kg in 2022. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose rapidly to $2K in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4%. The exports peaked 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 Uruguay (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 58.0 | 317 | 40.0 | 932 | 152.3% |
| United States | 112 | 1,131 | 99.0 | 692 | 83.5% |
| United Kingdom | 21.0 | 113 | 50.0 | 409 | 169.1% |
| Spain | 1,467 | N/A | N/A | N/A | 0% |
| China | N/A | N/A | 1,664 | N/A | 0% |
| Others | N/A | 150 | 18.0 | N/A | -88.0% |
| Total | 1,658 | 1,711 | 1,871 | 2,033 | 7.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Uruguay in 2022:
- Guatemala (120.0 kg)
- United States (90.0 kg)
- United Kingdom (49.0 kg)
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