France - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in France - 2023
Contents:
- Spice Price in France (CIF) - 2022
- Spice Price in France (FOB) - 2022
- Spice Imports in France
- Spice Exports in France
Spice Price in France (CIF) - 2022
The average spice import price stood at $9,371 per ton in 2022, increasing by 9.4% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spice import price increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $11,642 per ton. From 2018 to 2022, the average import prices remained at a 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 Madagascar ($114,996 per ton), while the price for India ($3,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spice Price in France (FOB) - 2022
The average spice export price stood at $11,314 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure at $13,738 per ton in 2019; however, from 2020 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 ($35,987 per ton), while the average price for exports to India ($1,290 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 the United States (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spice Imports in France
After three years of growth, overseas purchases of spices decreased by -3.9% to 51K tons in 2022. The total import volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year.
In value terms, spice imports expanded rapidly to $476M in 2022. The total import value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spice in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Madagascar | 182 | 105 | 149 | 192 | 1.8% |
| Netherlands | 16.4 | 36.4 | 57.5 | 37.6 | 31.9% |
| Spain | 25.3 | 37.2 | 39.9 | 37.6 | 14.1% |
| Germany | 37.9 | 46.6 | 44.4 | 34.1 | -3.5% |
| Belgium | 7.2 | 13.4 | 15.6 | 29.2 | 59.5% |
| Vietnam | 13.2 | 15.2 | 24.7 | 26.0 | 25.4% |
| Indonesia | 15.1 | 12.9 | 14.8 | 18.3 | 6.6% |
| India | 11.2 | 7.7 | 11.7 | 12.3 | 3.2% |
| Poland | 2.3 | 19.9 | 16.3 | 12.1 | 73.9% |
| Italy | 5.1 | 3.1 | 7.7 | 7.3 | 12.7% |
| China | 13.3 | 7.1 | 7.3 | 7.3 | -18.1% |
| Brazil | 10.2 | 8.0 | 6.2 | 5.4 | -19.1% |
| Turkey | 5.8 | 5.3 | 4.5 | 2.6 | -23.5% |
| Others | 60.2 | 49.3 | 53.9 | 53.9 | -3.6% |
| Total | 405 | 367 | 453 | 476 | 5.5% |
Top Suppliers of Spice to France in 2022:
- Netherlands (9.2K tons)
- Spain (8.6K tons)
- Germany (5.0K tons)
- Vietnam (4.8K tons)
- India (3.3K tons)
- Indonesia (2.8K tons)
- Belgium (2.8K tons)
- China (1.8K tons)
- Madagascar (1.7K tons)
- Brazil (1.0K tons)
- Poland (1.0K tons)
- Italy (0.8K tons)
- Turkey (0.6K tons)
Spice Exports in France
In 2022, shipments abroad of spices decreased by -11% to 15K tons, falling for the second consecutive year after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spice exports declined to $166M in 2022. Over the period under review, exports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 0.6% against the previous year.
| Export of Spice in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 31.3 | 21.1 | 31.1 | 31.3 | 0.0% |
| Poland | 30.5 | 28.9 | 21.7 | 22.4 | -9.8% |
| Italy | 17.6 | 16.4 | 16.2 | 17.7 | 0.2% |
| United Kingdom | 24.4 | 25.3 | 18.7 | 12.4 | -20.2% |
| Germany | 16.7 | 18.5 | 15.0 | 11.2 | -12.5% |
| Switzerland | 8.5 | 9.8 | 9.4 | 10.1 | 5.9% |
| Belgium | 9.6 | 9.5 | 10.5 | 10.0 | 1.4% |
| Portugal | 9.1 | 10.3 | 10.4 | 7.2 | -7.5% |
| Netherlands | 5.9 | 5.6 | 6.6 | 5.8 | -0.6% |
| Spain | 7.1 | 5.4 | 6.2 | 5.3 | -9.3% |
| Nigeria | 4.4 | 3.0 | 4.5 | 4.5 | 0.8% |
| India | 0.2 | 1.2 | 1.2 | 0.8 | 58.7% |
| Saudi Arabia | 4.3 | 3.3 | 2.9 | 0.3 | -58.8% |
| Others | 34.6 | 25.0 | 30.0 | 27.4 | -7.5% |
| Total | 204 | 183 | 184 | 166 | -6.6% |
Top Export Markets for Spice from France in 2022:
- United Kingdom (3.0K tons)
- Poland (2.4K tons)
- Italy (1.8K tons)
- United States (0.9K tons)
- Switzerland (0.8K tons)
- Germany (0.8K tons)
- Portugal (0.7K tons)
- Belgium (0.7K tons)
- India (0.6K tons)
- Nigeria (0.5K tons)
- Spain (0.5K tons)
- Netherlands (0.3K tons)
- Saudi Arabia (0.1K tons)
This report provides an in-depth analysis of the spice market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 687 - Pepper
- FCL 689 - Pimento
- FCL 692 - Vanilla
- FCL 693 - Cinnamon (canella)
- FCL 698 - Cloves
- FCL 702 - Nutmeg, mace, cardamoms
- FCL 711 - Anise, badian, fennel
- FCL 720 - Ginger
- FCL 723 - Spices nes
Country coverage:
- France
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in France
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the spice market in France.
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