Price for Spices; Mixtures of 2 or More Products of the Same Heading in France - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in France (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in France (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in France
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in France
Price for Spices; Mixtures of 2 or More Products of the Same Heading in France (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $5,671 per ton in 2022, declining by -6.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2014 an increase of 16%. Over the period under review, average import prices attained the maximum at $6,225 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($22,845 per ton), while the price for Canada ($1,782 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.6%), 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 France (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $15,725 per ton, growing by 33% against the previous month. Over the period under review, export price indicated noticeable growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.7% 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; mixtures of 2 or more products of the same heading increased by +108.7% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 78% month-to-month. The export price peaked in October 2023.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Nigeria ($28,199 per ton), while the average price for exports to Gabon ($3,173 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 Italy (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in France
In 2022, approx. 6.3K tons of spices; mixtures of 2 or more products of the same heading were imported into France; with an increase of 3.2% on 2021. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 34%. As a result, imports reached the peak of 6.6K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; mixtures of 2 or more products of the same heading shrank slightly to $36M in 2022. The total import value increased at an average annual rate of +5.2% 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 2020 when imports increased by 21%.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 9.6 | 14.7 | 10.2 | 7.2 | -9.1% |
| Spain | 3.2 | 6.6 | 3.9 | 5.2 | 17.6% |
| Italy | 3.3 | 0.2 | 4.5 | 4.7 | 12.5% |
| Belgium | 0.7 | 1.2 | 2.2 | 2.3 | 48.7% |
| Poland | 1.5 | 2.9 | 2.6 | 2.1 | 11.9% |
| Tunisia | 1.0 | 1.4 | 1.7 | 1.5 | 14.5% |
| Madagascar | 0.8 | 1.0 | 0.8 | 1.3 | 17.6% |
| India | 1.1 | 0.7 | 1.1 | 1.3 | 5.7% |
| Brazil | 1.3 | 0.9 | 0.7 | 1.2 | -2.6% |
| Netherlands | 0.7 | 1.0 | 1.2 | 1.1 | 16.3% |
| Turkey | 1.3 | 0.8 | 1.0 | 1.0 | -8.4% |
| Egypt | 0.1 | 0.1 | 0.7 | 0.7 | 91.3% |
| Canada | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
| Others | 5.6 | 5.2 | 6.0 | 5.3 | -1.8% |
| Total | 30.6 | 37.0 | 37.1 | 35.6 | 5.2% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to France in 2022:
- Germany (1105.9 tons)
- Spain (1086.7 tons)
- India (556.5 tons)
- Belgium (546.2 tons)
- Poland (431.1 tons)
- Canada (357.0 tons)
- Egypt (295.0 tons)
- Turkey (270.1 tons)
- Netherlands (242.5 tons)
- Italy (206.8 tons)
- Tunisia (164.2 tons)
- Madagascar (157.8 tons)
- Brazil (126.8 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in France
In 2022, exports of spices; mixtures of 2 or more products of the same heading from France totaled 1.2K tons, leveling off at the previous year. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 2.7% against the previous year. As a result, the exports reached the peak of 1.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; mixtures of 2 or more products of the same heading fell modestly to $12M in 2022. Overall, exports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $15M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,148 | 1,322 | 889 | 2,121 | 22.7% |
| Switzerland | 1,844 | 2,122 | 1,801 | 1,713 | -2.4% |
| Belgium | 1,454 | 1,788 | 1,717 | 1,622 | 3.7% |
| Germany | 1,300 | 3,422 | 1,239 | 1,212 | -2.3% |
| United Kingdom | 1,251 | 1,744 | 1,019 | 566 | -23.2% |
| Nigeria | 129 | 163 | 454 | 511 | 58.2% |
| Spain | 422 | 609 | 496 | 505 | 6.2% |
| Italy | 199 | 201 | 263 | 358 | 21.6% |
| Netherlands | 136 | 191 | 185 | 327 | 34.0% |
| Poland | 539 | 434 | 328 | 244 | -23.2% |
| Morocco | 1,545 | 509 | 428 | 227 | -47.2% |
| Chad | 4.9 | 14.6 | 10.4 | 147 | 210.7% |
| New Caledonia | 217 | 499 | 584 | 146 | -12.4% |
| Others | 2,714 | 2,395 | 3,253 | 2,390 | -4.1% |
| Total | 12,904 | 15,414 | 12,665 | 12,089 | -2.2% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from France in 2022:
- Portugal (188.2 tons)
- Belgium (153.6 tons)
- Germany (146.1 tons)
- Switzerland (86.1 tons)
- United Kingdom (63.9 tons)
- Italy (56.0 tons)
- Spain (53.9 tons)
- Chad (49.0 tons)
- Netherlands (30.3 tons)
- Nigeria (23.5 tons)
- Poland (21.9 tons)
- Morocco (21.9 tons)
- New Caledonia (19.1 tons)
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