Price for Spices; Mixtures of 2 or More Products of the Same Heading in Denmark - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Denmark (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Denmark (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Denmark
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Denmark
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Denmark (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $7,366 per ton in October 2023, therefore, remained relatively stable against the previous month. In general, import price indicated mild growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; mixtures of 2 or more products of the same heading decreased by -11.9% against August 2023 indices. The pace of growth was the most pronounced in July 2023 when the average import price increased by 34% month-to-month. Over the period under review, average import prices attained the peak figure at $8,358 per ton in August 2023; however, from September 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($20,086 per ton), while the price for Austria ($4,373 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 Vietnam (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Denmark (FOB) - 2023
The average export price for spices; mixtures of 2 or more products of the same heading stood at $8,156 per ton in October 2023, picking up by 6.2% against the previous month. Overall, the export price enjoyed notable growth. The growth pace was the most rapid in June 2023 an increase of 58% m-o-m. As a result, the export price reached the peak level of $14,212 per ton. From July 2023 to October 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Greenland ($15,158 per ton), while the average price for exports to Sweden ($4,723 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 Norway (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Denmark
For the third year in a row, Denmark recorded decline in purchases abroad of spices; mixtures of 2 or more products of the same heading, which decreased by -14.9% to 3.8K tons in 2022. In general, imports continue to indicate a dramatic slump. The smallest decline of -1.8% was in 2020.
In value terms, imports of spices; mixtures of 2 or more products of the same heading declined significantly to $20M in 2022. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 5.4%. As a result, imports reached the peak of $32M. 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 Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.3 | 7.5 | 10.8 | 6.2 | -9.3% |
| Sweden | 5.2 | 5.6 | 5.7 | 4.5 | -4.7% |
| Netherlands | 3.0 | 2.1 | 2.7 | 2.6 | -4.7% |
| Poland | 0.9 | 2.0 | 2.7 | 2.1 | 32.6% |
| Italy | 0.7 | 1.2 | 1.1 | 1.0 | 12.6% |
| Austria | 0.1 | 0.9 | 0.5 | 0.9 | 108.0% |
| Lithuania | N/A | N/A | N/A | 0.4 | 0% |
| France | 0.7 | 0.5 | 0.8 | 0.2 | -34.1% |
| Ireland | 2.0 | 3.2 | N/A | N/A | 60.0% |
| United Kingdom | 8.9 | 8.1 | N/A | N/A | -9.0% |
| Others | 0.7 | 1.0 | 1.7 | 1.6 | 31.7% |
| Total | 30.5 | 32.2 | 26.1 | 19.6 | -13.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Denmark in 2022:
- Germany (1150.4 tons)
- Poland (853.5 tons)
- Netherlands (575.0 tons)
- Sweden (322.2 tons)
- Austria (249.2 tons)
- Italy (158.0 tons)
- France (135.3 tons)
- Lithuania (65.0 tons)
- United Kingdom (1.4 tons)
- Ireland (0.1 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; mixtures of 2 or more products of the same heading, when their volume decreased by -45.4% to 587 tons. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 25%.
In value terms, exports of spices; mixtures of 2 or more products of the same heading dropped significantly to $3.6M in 2022. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,106 | 1,773 | 1,436 | 1,188 | 2.4% |
| Germany | 1,071 | 1,258 | 1,628 | 936 | -4.4% |
| Poland | 1,056 | 1,227 | 1,217 | 667 | -14.2% |
| Norway | 425 | 288 | 416 | 253 | -15.9% |
| Faroe Islands | 67.0 | 86.4 | 77.9 | 82.9 | 7.4% |
| Netherlands | 126 | 544 | 1,457 | 57.9 | -22.8% |
| Iceland | 167 | 101 | 77.5 | 41.9 | -36.9% |
| Others | 768 | 1,043 | 592 | 360 | -22.3% |
| Total | 4,787 | 6,320 | 6,902 | 3,586 | -9.2% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Denmark in 2022:
- Sweden (224.2 tons)
- Germany (153.5 tons)
- Poland (108.5 tons)
- Norway (36.5 tons)
- Faroe Islands (13.0 tons)
- Netherlands (9.7 tons)
- Iceland (5.0 tons)
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