Spices; Mixtures Price in Ecuador - 2021
Contents:
- Spices; Mixtures Price in Ecuador (CIF) - 2022
- Spices; Mixtures Price in Ecuador (FOB) - 2022
- Spices; Mixtures Imports in Ecuador
- Spices; Mixtures Exports in Ecuador
Spices; Mixtures Price in Ecuador (CIF) - 2022
The average spices; mixtures import price stood at $7,576 per ton in 2022, flattening at the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures import price decreased by -13.3% against 2015 indices. The growth pace was the most rapid in 2015 an increase of 51% against the previous year. As a result, import price attained the peak level of $8,736 per ton. From 2016 to 2022, the average import prices failed to regain momentum.
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 Switzerland ($84,612 per ton), while the price for Germany ($9,370 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Ecuador (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $2,276 per ton, rising by 12% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2013 an increase of 81%. Over the period under review, the average export prices hit record highs at $7,160 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 Spain ($6,357 per ton), while the average price for exports to the United States ($305 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 Peru (+6.6%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Imports in Ecuador
After three years of growth, supplies from abroad of spices; mixtureses decreased by -10.1% to 481 kg in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 increased by +68.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year.
In value terms, spices; mixtures imports shrank to $3.6K in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 increased by +59.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year.
| Import of Spices; Mixtures in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 322 | 506 | 487 | 691 | 29.0% |
| Switzerland | 124 | 202 | 200 | 292 | 33.0% |
| France | 86.0 | 146 | 150 | 229 | 38.6% |
| United States | 64.0 | 147 | 142 | 206 | 47.6% |
| Austria | 26.0 | 38.0 | 13.0 | 90.0 | 51.3% |
| India | N/A | N/A | 43.0 | N/A | 0% |
| Netherlands | N/A | 100 | N/A | N/A | 0% |
| Others | 1,660 | 2,096 | 3,019 | 2,136 | 8.8% |
| Total | 2,282 | 3,235 | 4,054 | 3,644 | 16.9% |
Top Suppliers of Spices; Mixtures to Ecuador in 2022:
- Germany (74.0 kg)
- United States (14.0 kg)
- France (7.0 kg)
- Austria (5.0 kg)
- Switzerland (3.0 kg)
Spices; Mixtures Exports in Ecuador
In 2022, approx. 58 kg of spices; mixtureses were exported from Ecuador; with a decrease of -1.7% against the year before. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5.4% against the previous year.
In value terms, spices; mixtures exports expanded markedly to $132 in 2022. Over the period under review, exports showed a precipitous setback.
| Export of Spices; Mixtures in Ecuador (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 269 | 119 | 105 | 111 | -25.6% |
| Switzerland | N/A | N/A | N/A | 10.0 | 0% |
| Spain | 41.0 | 15.0 | 11.0 | 8.0 | -42.0% |
| United States | 6.0 | 1.0 | 2.0 | 1.0 | -45.0% |
| Peru | 393 | N/A | N/A | N/A | 0% |
| Others | 7.0 | 8.0 | 2.0 | 2.0 | -34.1% |
| Total | 716 | 143 | 120 | 132 | -43.1% |
Top Export Markets for Spices; Mixtures from Ecuador in 2022:
- United Kingdom (45.0 kg)
- Switzerland (8.0 kg)
- United States (4.0 kg)
- Spain (1.0 kg)
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