Price for Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela - 2022

Contents:

  1. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela (CIF) - 2022
  2. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela (FOB) - 2022
  3. Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela
  4. Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela

Price for Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela (CIF) - 2022

The average import price for spices; mixtures of 2 or more products of the same heading stood at $3,870 per ton in 2022, increasing by 12% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $4,177 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Argentina ($49,711 per ton), while the price for India ($910 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+12.5%), 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 Venezuela (FOB) - 2022

The average export price for spices; mixtures of 2 or more products of the same heading stood at $2,745 per ton in 2022, falling by -11.1% against the previous year. Overall, the export price showed a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 6.9%. The export price peaked at $4,904 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($3,756 per ton), while the average price for exports to the UK ($855 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 Aruba (-2.7%).

Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela

Imports of spices; mixtures of 2 or more products of the same heading into Venezuela skyrocketed to 134 tons in 2022, jumping by 20% on 2021 figures. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 273% against the previous year. As a result, imports attained the peak of 157 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of spices; mixtures of 2 or more products of the same heading soared to $518K in 2022. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 279% against the previous year. Over the period under review, imports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are likely to continue growth in the near future.

Import of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States13.0139127147124.5%
Lebanon28.013446.611057.8%
Turkey4.513.241.969.9149.5%
China7.440.531.935.468.5%
France10.325.319.922.129.0%
Egypt9.814.115.417.120.4%
India4.121.612.616.759.7%
Others56.211890.699.120.8%
Total13350638651857.3%

Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Venezuela in 2022:

  1. Turkey (29.2 tons)
  2. Lebanon (27.3 tons)
  3. United States (21.0 tons)
  4. India (18.4 tons)
  5. China (13.5 tons)
  6. France (7.5 tons)
  7. Egypt (4.9 tons)

Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela

Exports of spices; mixtures of 2 or more products of the same heading from Venezuela soared to 9.5 tons in 2022, jumping by 5,550% on 2021. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; mixtures of 2 or more products of the same heading surged to $26K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Spices; Mixtures of 2 or More Products of the Same Heading in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A17.30%
Aruba1.11.50.56.378.9%
United KingdomN/A0.5N/A2.4119.1%
OthersN/AN/AN/A0.20%
Total1.12.10.526.2187.7%

Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Venezuela in 2022:

  1. United States (4.6 tons)
  2. United Kingdom (2.8 tons)
  3. Aruba (2.1 tons)

Source: IndexBox Market Intelligence Platform

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