Spices; Mixtures Price in Slovakia - 2023
Contents:
- Spices; Mixtures Price in Slovakia (CIF) - 2022
- Spices; Mixtures Price in Slovakia (FOB) - 2022
- Spices; Mixtures Imports in Slovakia
- Spices; Mixtures Exports in Slovakia
Spices; Mixtures Price in Slovakia (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $7,668 per ton, growing by 3.6% against the previous year. Overall, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 46%. The import price peaked at $7,775 per ton in 2020; however, from 2021 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 China ($18,278 per ton), while the price for Vietnam ($1,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Slovakia (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $5,483 per ton, declining by -15.4% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures export price decreased by -20.0% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 33% against the previous year. The export price peaked at $7,214 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($13,690 per ton), while the average price for exports to Hungary ($4,131 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 Poland (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.
Spices; Mixtures Imports in Slovakia
In 2022, purchases abroad of spices; mixtureses decreased by -21.5% to 86 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 +26.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports reached the peak of 109 tons, and then reduced rapidly in the following year.
In value terms, spices; mixtures imports shrank notably to $656K in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 34% against the previous year.
| Import of Spices; Mixtures in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 119 | 177 | 238 | 217 | 22.2% |
| Netherlands | 72.2 | 76.2 | 53.7 | 126 | 20.4% |
| Germany | 15.8 | 143 | 207 | 105 | 88.0% |
| Poland | 33.2 | 65.6 | 95.9 | 90.6 | 39.7% |
| Austria | 151 | 106 | 89.8 | 34.7 | -38.7% |
| Egypt | N/A | N/A | 22.0 | 28.3 | 28.6% |
| France | 5.1 | 29.7 | 59.7 | 22.7 | 64.5% |
| Vietnam | 3.0 | 2.6 | 5.1 | 4.7 | 16.1% |
| Others | 68.8 | 26.8 | 35.1 | 27.4 | -26.4% |
| Total | 469 | 628 | 806 | 656 | 11.8% |
Top Suppliers of Spices; Mixtures to Slovakia in 2022:
- Netherlands (22.7 tons)
- Czech Republic (17.7 tons)
- Germany (12.8 tons)
- Egypt (12.3 tons)
- Poland (6.2 tons)
- Vietnam (4.3 tons)
- Austria (4.2 tons)
- France (3.1 tons)
Spices; Mixtures Exports in Slovakia
For the fourth year in a row, Slovakia recorded growth in shipments abroad of spices; mixtureses, which increased by 24% to 36 tons in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; mixtures exports expanded sharply to $196K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 100%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Spices; Mixtures in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 49.8 | 136 | 168 | 167 | 49.7% |
| Romania | 0.8 | N/A | 4.8 | 11.8 | 145.2% |
| Hungary | 2.6 | 0.4 | 0.5 | 6.5 | 35.7% |
| Norway | 4.9 | 5.8 | 10.1 | 5.7 | 5.2% |
| Others | 18.7 | 12.1 | 2.8 | 5.1 | -35.2% |
| Total | 76.8 | 154 | 186 | 196 | 36.7% |
Top Export Markets for Spices; Mixtures from Slovakia in 2022:
- Czech Republic (30.9 tons)
- Romania (2.2 tons)
- Hungary (1.6 tons)
- Norway (0.6 tons)
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