Price for Spices; Mixtures of 2 or More Products of the Same Heading in Brazil - 2024
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (FOB) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (CIF) - 2024
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $9,527 per ton in 2022, growing by 2.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 41% against the previous year. The export price peaked at $13,236 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($12,151 per ton), while the average price for exports to India ($6,172 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 India (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (CIF) - 2024
The average import price for spices; mixtures of 2 or more products of the same heading stood at $2,351 per ton in January 2024, growing by 5% against the previous month. In general, the import price, however, saw a slight downturn. The pace of growth was the most pronounced in July 2023 an increase of 47% month-to-month. Over the period under review, average import prices hit record highs at $2,837 per ton in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Turkey ($2,975 per ton), while the price for Argentina ($974 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Brazil fell to 805 tons, reducing by -11.8% compared with 2021 figures. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading declined to $7.7M in 2022. In general, exports continue to indicate a perceptible slump. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports attained the peak of $8.5M, and then fell in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,641 | 2,565 | 2,501 | 2,517 | -1.6% |
| Netherlands | 1,686 | 593 | 1,002 | 1,097 | -13.3% |
| France | 351 | 704 | 759 | 823 | 32.9% |
| Spain | 348 | 43.1 | 529 | 682 | 25.1% |
| Italy | 710 | 495 | 758 | 550 | -8.2% |
| United States | 501 | 785 | 549 | 373 | -9.4% |
| Russia | 511 | 325 | 430 | 257 | -20.5% |
| India | 72.6 | 130 | 221 | 214 | 43.4% |
| Canada | 102 | 151 | 185 | 168 | 18.1% |
| Turkey | 200 | 0.1 | 21.6 | 162 | -6.8% |
| Belgium | 129 | 66.2 | 65.9 | 158 | 7.0% |
| Poland | 332 | 466 | 293 | 141 | -24.8% |
| United Kingdom | 231 | 78.9 | 141 | 0.7 | -85.5% |
| Others | 512 | 641 | 1,010 | 530 | 1.2% |
| Total | 8,326 | 7,044 | 8,465 | 7,671 | -2.7% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Brazil in 2022:
- Germany (247.4 tons)
- Netherlands (110.3 tons)
- France (95.5 tons)
- Spain (95.0 tons)
- Italy (52.5 tons)
- India (34.6 tons)
- United States (32.3 tons)
- Russia (23.5 tons)
- Canada (15.4 tons)
- Turkey (15.0 tons)
- Poland (14.0 tons)
- Belgium (13.0 tons)
- United Kingdom (0.1 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -20.3% to 1.2K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 40%. As a result, imports attained the peak of 1.8K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted to $2.8M in 2022. The total import value increased at an average annual rate of +3.0% 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 appeared the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of $3.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 1,642 | 2,313 | 1,746 | 1,808 | 3.3% |
| Egypt | 187 | 432 | 681 | 277 | 14.0% |
| Argentina | 154 | 214 | 158 | 202 | 9.5% |
| India | 256 | 207 | 100 | 116 | -23.2% |
| China | 37.2 | 26.0 | 85.7 | 55.4 | 14.2% |
| Others | 262 | 330 | 171 | 318 | 6.7% |
| Total | 2,538 | 3,522 | 2,942 | 2,775 | 3.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Brazil in 2022:
- Turkey (643.6 tons)
- Argentina (200.0 tons)
- Egypt (156.8 tons)
- China (77.8 tons)
- India (58.7 tons)
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