Price for Spices; Mixtures of 2 or More Products of the Same Heading in Spain - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Spain (FOB) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Spain (CIF) - 2022
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Spain
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Spain
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Spain (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $4,942 per ton, therefore, remained relatively stable against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 41% against the previous month. As a result, the export price reached the peak level of $5,996 per ton. From June 2023 to October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Cuba ($9,707 per ton), while the average price for exports to the Netherlands ($2,476 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 Germany (+7.1%), 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 Spain (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,055 per ton in 2022, shrinking by -7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 an increase of 37%. As a result, import price reached the peak level of $4,404 per ton, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($6,148 per ton), while the price for Bulgaria ($766 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Spain
In 2022, approx. 7.8K tons of spices; mixtures of 2 or more products of the same heading were exported from Spain; stabilizing at the previous year's figure. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of spices; mixtures of 2 or more products of the same heading reached $33M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 3.5 | 6.5 | 8.0 | 6.9 | 25.4% |
| France | 1.5 | 3.0 | 5.4 | 5.3 | 52.3% |
| United States | 3.6 | 4.7 | 5.4 | 5.1 | 12.3% |
| Cuba | 2.4 | 2.4 | 1.0 | 3.4 | 12.3% |
| United Kingdom | 1.9 | 1.4 | 2.9 | 2.8 | 13.8% |
| Netherlands | 1.6 | 1.2 | 1.2 | 1.3 | -6.7% |
| Germany | 0.9 | 0.7 | 0.8 | 0.7 | -8.0% |
| Others | 6.3 | 7.1 | 8.0 | 7.9 | 7.8% |
| Total | 21.6 | 27.1 | 32.6 | 33.4 | 15.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Spain in 2022:
- Portugal (1749.1 tons)
- France (1672.9 tons)
- United States (848.9 tons)
- Netherlands (699.2 tons)
- Cuba (635.4 tons)
- United Kingdom (519.2 tons)
- Germany (208.0 tons)
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Spain
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -1.3% to 3.6K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 47% against the previous year. As a result, imports attained the peak of 5K 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 contracted to $15M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of $16M. 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 Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,968 | 2,147 | 3,397 | 3,566 | 21.9% |
| Morocco | 1,879 | 1,505 | 1,435 | 1,417 | -9.0% |
| Poland | 1,461 | 3,029 | 1,355 | 1,348 | -2.6% |
| Turkey | 940 | 1,115 | 1,459 | 1,008 | 2.4% |
| France | 368 | 526 | 775 | 678 | 22.6% |
| Netherlands | 476 | 322 | 830 | 623 | 9.4% |
| Egypt | 122 | 202 | 331 | 432 | 52.4% |
| Romania | 635 | 618 | 454 | 397 | -14.5% |
| Belgium | 277 | 256 | 324 | 363 | 9.4% |
| India | 458 | 573 | 570 | 316 | -11.6% |
| Peru | 199 | 104 | 310 | 302 | 14.9% |
| China | 115 | 257 | 0.8 | 150 | 9.3% |
| Bulgaria | 82.6 | 108 | 127 | 129 | 16.0% |
| Others | 3,919 | 5,214 | 4,591 | 3,777 | -1.2% |
| Total | 12,900 | 15,974 | 15,959 | 14,505 | 4.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Spain in 2022:
- Germany (785.0 tons)
- Poland (421.0 tons)
- Morocco (317.9 tons)
- Netherlands (280.5 tons)
- Turkey (244.3 tons)
- India (243.0 tons)
- Egypt (215.0 tons)
- Bulgaria (167.7 tons)
- Romania (143.4 tons)
- Belgium (133.4 tons)
- China (124.8 tons)
- France (110.2 tons)
- Peru (78.3 tons)
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