Price for Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $11,835 per ton, surging by 7.2% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +11.2% against 2018 indices. The pace of growth was the most pronounced in 2016 an increase of 22%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
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 Italy ($31,054 per ton), while the price for Egypt ($3,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%), 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 Switzerland (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $16,842 per ton in 2022, with an increase of 159% against the previous year. Over the period under review, the export price saw a modest expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($47,828 per ton), while the average price for exports to Germany ($8,196 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 Austria (+17.2%), 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 Switzerland
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -6.4% to 591 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, imports attained the peak of 678 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 stood at $7M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. As a result, imports reached the peak of $7.2M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,283 | 1,749 | 1,813 | 1,797 | 11.9% |
| France | 1,628 | 1,726 | 1,732 | 1,531 | -2.0% |
| Italy | 500 | 593 | 360 | 867 | 20.1% |
| India | 354 | 350 | 480 | 592 | 18.7% |
| Turkey | 259 | 411 | 541 | 433 | 18.7% |
| Morocco | 150 | 212 | 236 | 255 | 19.3% |
| Poland | 112 | 139 | 131 | 161 | 12.9% |
| Egypt | 42.5 | 55.9 | 100 | 125 | 43.3% |
| Spain | 138 | 98.0 | 139 | 116 | -5.6% |
| Netherlands | 207 | 201 | 88.1 | 106 | -20.0% |
| United Kingdom | 94.0 | 129 | 137 | 28.5 | -32.8% |
| Others | 1,112 | 1,515 | 1,207 | 978 | -4.2% |
| Total | 5,879 | 7,180 | 6,963 | 6,989 | 5.9% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Switzerland in 2022:
- India (132.1 tons)
- Germany (108.3 tons)
- France (77.8 tons)
- Turkey (49.9 tons)
- Egypt (38.3 tons)
- Italy (27.9 tons)
- Poland (27.1 tons)
- Netherlands (22.9 tons)
- Morocco (16.0 tons)
- Spain (14.5 tons)
- United Kingdom (4.1 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland
After three years of growth, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -93.6% to 13 tons in 2022. In general, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 89%.
In value terms, exports of spices; mixtures of 2 or more products of the same heading shrank dramatically to $227K in 2022. Over the period under review, exports recorded a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 195 | 1,061 | 1,236 | 67.8 | -29.7% |
| France | 357 | 5.2 | 5.7 | 38.6 | -52.4% |
| United Kingdom | 1.5 | 26.2 | 12.5 | 28.3 | 166.2% |
| Czech Republic | 2.7 | 10.5 | 3.5 | 13.1 | 69.3% |
| Philippines | 97.9 | 24.0 | 26.2 | 10.2 | -52.9% |
| Austria | 56.0 | 12.5 | 9.5 | 8.1 | -47.5% |
| Others | 230 | 102 | 73.5 | 60.8 | -35.8% |
| Total | 939 | 1,241 | 1,367 | 227 | -37.7% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Switzerland in 2022:
- Germany (8.3 tons)
- United Kingdom (1.7 tons)
- France (1.1 tons)
- Czech Republic (0.6 tons)
- Philippines (0.4 tons)
- Austria (0.2 tons)
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