Spices; Mixtures Price in Israel - 2023
Contents:
- Spices; Mixtures Price in Israel (CIF) - 2022
- Spices; Mixtures Price in Israel (FOB) - 2022
- Spices; Mixtures Imports in Israel
- Spices; Mixtures Exports in Israel
Spices; Mixtures Price in Israel (CIF) - 2022
The average spices; mixtures import price stood at $6,510 per ton in 2022, with an increase of 2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 when the average import price increased by 10%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($6,510 per ton) and the United States ($6,510 per ton), while the price for Thailand ($6,510 per ton) and France ($6,510 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Israel (FOB) - 2022
The average spices; mixtures export price stood at $5,990 per ton in 2022, which is down by -6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the peak figure at $7,006 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($5,990 per ton) and the United States ($5,990 per ton), while the average price for exports to France ($5,990 per ton) and Egypt ($5,990 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Israel
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; mixtureses, when their volume decreased by -53.8% to 36 tons. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 219% against the previous year.
In value terms, spices; mixtures imports declined remarkably to $232K in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 239% against the previous year.
| Import of Spices; Mixtures in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 10.0 | 145 | 85.0 | 339.7% |
| India | 1.0 | 39.0 | 71.0 | 30.0 | 210.7% |
| Italy | 5.0 | 13.0 | 16.0 | 27.0 | 75.4% |
| Thailand | 16.0 | 17.0 | 17.0 | 26.0 | 17.6% |
| Japan | 8.0 | 28.0 | 29.0 | 14.0 | 20.5% |
| Sri Lanka | N/A | N/A | N/A | 12.0 | 0% |
| France | 9.0 | 6.0 | 28.0 | 10.0 | 3.6% |
| Germany | 25.0 | 31.0 | 103 | 3.0 | -50.7% |
| Belgium | N/A | 40.0 | 1.0 | N/A | -97.5% |
| Others | 9.0 | 67.0 | 79.0 | 25.0 | 40.6% |
| Total | 74.0 | 251 | 489 | 232 | 46.4% |
Top Suppliers of Spices; Mixtures to Israel in 2022:
- United States (13.1 tons)
- India (4.6 tons)
- Italy (4.1 tons)
- Thailand (4.0 tons)
- Japan (2.2 tons)
- Sri Lanka (1.8 tons)
- France (1.5 tons)
- Germany (0.5 tons)
Spices; Mixtures Exports in Israel
For the fourth year in a row, Israel recorded growth in overseas shipments of spices; mixtureses, which increased by 23% to 14 tons in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 939%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; mixtures exports surged to $82K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,083% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | N/A | 67.0 | 41.0 | 244.8% |
| Egypt | N/A | N/A | N/A | 36.0 | 0% |
| Romania | N/A | N/A | N/A | 3.0 | 0% |
| France | N/A | 1.0 | N/A | 2.0 | 41.4% |
| Others | 1.0 | 5.0 | 4.0 | N/A | 100.0% |
| Total | 2.0 | 6.0 | 71.0 | 82.0 | 244.8% |
Top Export Markets for Spices; Mixtures from Israel in 2022:
- United States (6.8 tons)
- Egypt (6.0 tons)
- Romania (0.5 tons)
- France (0.3 tons)
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