Price for Spices; Mixtures of 2 or More Products of the Same Heading in Greece - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Greece (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Greece (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Greece
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Greece
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Greece (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,640 per ton in October 2023, declining by -19.1% against the previous month. Over the period under review, import price indicated a notable increase from October 2022 to October 2023: its price increased at an average monthly rate of +3.1% 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 increased by +32.3% against July 2023 indices. The pace of growth appeared the most rapid in September 2023 an increase of 60% m-o-m. Over the period under review, average import prices hit record highs at $6,111 per ton in February 2023; however, from March 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($11,532 per ton), while the price for Romania ($678 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 Turkey (+8.4%), 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 Greece (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $5,625 per ton, growing by 24% against the previous month. In general, the export price showed moderate growth. The pace of growth was the most pronounced in May 2023 an increase of 48% against the previous month. As a result, the export price attained the peak level of $10,652 per ton. From June 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 Poland ($15,542 per ton), while the average price for exports to Bulgaria ($662 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 Cyprus (+6.6%), 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 Greece
In 2022, overseas purchases of spices; mixtures of 2 or more products of the same heading decreased by -19.9% to 486 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 7.4%. As a result, imports attained the peak of 715 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 fell to $2.1M in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of $2.4M, and then fell in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 358 | 457 | 784 | 778 | 29.5% |
| Netherlands | 394 | 504 | 409 | 359 | -3.1% |
| Austria | 179 | 109 | 165 | 192 | 2.4% |
| Albania | 115 | 113 | 140 | 122 | 2.0% |
| Bulgaria | 128 | 48.3 | 185 | 105 | -6.4% |
| Pakistan | 129 | 213 | 123 | 101 | -7.8% |
| United States | 253 | 155 | 113 | 96.7 | -27.4% |
| Italy | 57.1 | 88.1 | 63.0 | 86.5 | 14.8% |
| Syrian Arab Republic | N/A | 10.0 | 96.5 | 35.2 | 87.6% |
| Egypt | 5.3 | 8.6 | 21.2 | 33.2 | 84.3% |
| India | 72.6 | 56.3 | 68.3 | 32.4 | -23.6% |
| Spain | 92.6 | 94.6 | 10.4 | 10.0 | -52.4% |
| United Kingdom | 107 | 105 | 29.4 | 4.5 | -65.2% |
| Others | 191 | 202 | 205 | 174 | -3.1% |
| Total | 2,082 | 2,165 | 2,414 | 2,129 | 0.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Greece in 2022:
- Turkey (106.5 tons)
- Pakistan (68.0 tons)
- Netherlands (64.1 tons)
- Albania (48.8 tons)
- Bulgaria (46.2 tons)
- Italy (27.0 tons)
- Austria (24.1 tons)
- India (19.8 tons)
- Syrian Arab Republic (19.0 tons)
- Egypt (18.3 tons)
- United States (13.7 tons)
- Spain (4.1 tons)
- United Kingdom (1.6 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Greece
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Greece soared to 477 tons, picking up by 80% against 2021. Overall, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 80% against the previous year. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading skyrocketed to $2M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 98%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 24.8 | N/A | N/A | 750 | 211.6% |
| Germany | 215 | 609 | 570 | 465 | 29.3% |
| Cyprus | 81.0 | 102 | 201 | 151 | 23.1% |
| United States | 17.6 | 88.9 | 144 | 144 | 101.5% |
| Egypt | 3.4 | 67.2 | 46.6 | 66.8 | 169.8% |
| Bulgaria | 68.2 | 52.7 | 85.7 | 14.0 | -41.0% |
| Georgia | 65.7 | 81.1 | 52.8 | 5.5 | -56.3% |
| Albania | 36.5 | 13.4 | 35.2 | 2.3 | -60.2% |
| Others | 313 | 621 | 409 | 383 | 7.0% |
| Total | 825 | 1,635 | 1,545 | 1,982 | 33.9% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Greece in 2022:
- Turkey (281.5 tons)
- Germany (91.6 tons)
- Cyprus (34.9 tons)
- Egypt (10.5 tons)
- United States (9.1 tons)
- Bulgaria (6.6 tons)
- Albania (1.0 tons)
- Georgia (0.5 tons)
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