Italy - Spices - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpice Price in Italy - 2023
Contents:
- Spice Price in Italy (CIF) - 2022
- Spice Price in Italy (FOB) - 2022
- Spice Imports in Italy
- Spice Exports in Italy
Spice Price in Italy (CIF) - 2022
The average spice import price stood at $5,143 per ton in 2022, with a decrease of -3.3% against the previous year. In general, the import price showed a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 8.4% against the previous year. The import price peaked at $7,352 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($9,484 per ton), while the price for Peru ($1,747 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced a decline.
Spice Price in Italy (FOB) - 2022
The average spice export price stood at $2,995 per ton in 2022, approximately equating the previous year. Overall, the export price saw a noticeable slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 15%. Over the period under review, the average export prices attained the peak figure at $4,191 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($6,847 per ton), while the average price for exports to Turkey ($1,251 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 Germany (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Spice Imports in Italy
Spice imports into Italy reached 23K tons in 2022, increasing by 4.3% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 6.3% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, spice imports reached $120M in 2022. The total import value increased at an average annual rate of +7.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Spice in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.9 | 15.6 | 14.4 | 15.6 | 6.5% |
| Germany | 16.9 | 19.1 | 17.5 | 15.4 | -3.1% |
| Spain | 11.2 | 13.2 | 11.9 | 14.1 | 8.0% |
| Vietnam | 3.8 | 3.6 | 4.8 | 8.4 | 30.3% |
| Netherlands | 5.8 | 9.1 | 9.4 | 8.2 | 12.2% |
| India | 4.7 | 5.8 | 8.5 | 7.8 | 18.4% |
| Indonesia | 5.8 | 5.4 | 5.9 | 7.7 | 9.9% |
| China | 8.2 | 7.0 | 6.9 | 7.2 | -4.2% |
| Brazil | 3.0 | 4.0 | 6.0 | 5.9 | 25.3% |
| Iran | 3.9 | 2.3 | 2.9 | 5.2 | 10.1% |
| Egypt | 0.6 | 0.7 | 1.1 | 1.7 | 41.5% |
| Peru | 0.6 | 1.1 | 1.3 | 0.8 | 10.1% |
| Others | 19.9 | 25.1 | 28.4 | 22.1 | 3.6% |
| Total | 97.4 | 112 | 119 | 120 | 7.2% |
Top Suppliers of Spice to Italy in 2022:
- Netherlands (3.8K tons)
- China (2.9K tons)
- Brazil (1.9K tons)
- India (1.9K tons)
- France (1.9K tons)
- Vietnam (1.7K tons)
- Germany (1.7K tons)
- Spain (1.5K tons)
- Egypt (0.9K tons)
- Indonesia (0.9K tons)
- Iran (0.6K tons)
- Peru (0.4K tons)
Spice Exports in Italy
In 2022, shipments abroad of spices decreased by -4.1% to 22K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8% against the previous year.
In value terms, spice exports fell modestly to $67M in 2022. The total export value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 24% against the previous year.
| Export of Spice in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.3 | 11.8 | 14.8 | 12.7 | 7.2% |
| China | 3.6 | 5.5 | 4.7 | 6.8 | 23.6% |
| United Kingdom | 6.0 | 7.1 | 5.2 | 5.7 | -1.7% |
| Germany | 4.1 | 4.8 | 4.4 | 4.9 | 6.1% |
| Netherlands | 4.3 | 5.9 | 4.5 | 3.9 | -3.2% |
| France | 2.4 | 3.4 | 3.7 | 3.6 | 14.5% |
| Spain | 1.7 | 2.0 | 3.5 | 2.7 | 16.7% |
| Bangladesh | 1.5 | 3.7 | 3.1 | 1.8 | 6.3% |
| Vietnam | 1.3 | 1.3 | 1.3 | 1.3 | 0.0% |
| Thailand | 1.0 | 1.2 | 1.4 | 1.3 | 9.1% |
| Turkey | 0.2 | 0.3 | 0.6 | 0.6 | 44.2% |
| Sri Lanka | 1.4 | N/A | 0.1 | N/A | -73.3% |
| Others | 17.7 | 21.9 | 22.8 | 21.5 | 6.7% |
| Total | 55.4 | 68.9 | 70.1 | 66.9 | 6.5% |
Top Export Markets for Spice from Italy in 2022:
- Sri Lanka (undefinedK tons)
- India (8.5K tons)
- China (3.6K tons)
- Bangladesh (1.2K tons)
- Germany (1.0K tons)
- United Kingdom (0.9K tons)
- Vietnam (0.9K tons)
- Thailand (0.9K tons)
- France (0.8K tons)
- Netherlands (0.6K tons)
- Turkey (0.5K tons)
- Spain (0.5K tons)
This report provides an in-depth analysis of the spice market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
1225
This report provides an in-depth analysis of the spice market in Italy.
615
This report provides an in-depth analysis of the piper pepper market in Italy.
695
This report provides an in-depth analysis of the pimenta pepper market in Italy.
5018
This report provides an in-depth analysis of the global spice market.
6739
This report provides an in-depth analysis of the global piper pepper market.
897
This report provides an in-depth analysis of the global pimenta pepper market.
1225
This report provides an in-depth analysis of the spice market in Italy.
615
This report provides an in-depth analysis of the piper pepper market in Italy.
695
This report provides an in-depth analysis of the pimenta pepper market in Italy.
5018
This report provides an in-depth analysis of the global spice market.
162
In January 2023, the price of piper pepper (CIF, Italy) was $6,164 per ton, a 147% increase from the previous month.
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Explore the top import markets for spice worldwide, including the United States, India, China, Germany, and the United Arab Emirates. Discover key statistics and market insights from the IndexBox market intelligence platform.
406
The global spice market is forecast to reach a value of $54.1 billion by 2030, growing at a CAGR of around 4.1% during 2022-2030.
3076
The global spice market is expected to grow at a CAGR of over 3.5% from 2022 to 2025.
1089
Among leading importers, China, India, and the U.S. saw the highest growth rates of imports over the past decade.
764
The lockdown caused a surge in household demand, and the costs of some spices were going through the roof during the pandemic.
1168
The global spice market amounted to $33.1B in 2019, leveling off at the previous year. This figure reflects the total...
1113
Driven by increasing demand for pepper worldwide, the market is expected to continue an upward consumption trend over the next seven-year period.
4992
Global pepper consumption amounted to X thousand tons in 2015, going down by -X% against the previous year level.
6402
Global pepper imports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
