Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil - 2024
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $2,487 per ton in 2022, surging by 8.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $3,055 per ton in 2015; however, from 2016 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 ($4,028 per ton), while the price for Peru ($1,650 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,592 per ton, with a decrease of -19.3% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 1,844% against the previous year. As a result, the export price reached the peak level of $19,444 per ton. From 2014 to 2022, the average export prices remained at a 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 Peru ($16,333 per ton), while the average price for exports to Paraguay ($2,675 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 (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Brazil soared to 4.1K tons, jumping by 29% compared with 2021 figures. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +23.5% 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 +88.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground surged to $10M in 2022. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 41%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 3.7 | 3.7 | 6.1 | 32.9% |
| India | 0.8 | 1.4 | 1.4 | 2.0 | 35.7% |
| Peru | 0.6 | 0.7 | 1.3 | 1.3 | 29.4% |
| Spain | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Others | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Total | 4.6 | 6.4 | 7.2 | 10.1 | 30.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Brazil in 2022:
- China (2471.1 tons)
- Peru (807.1 tons)
- India (638.9 tons)
- Spain (94.8 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil
In 2022, approx. 11 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Brazil; increasing by 79% on 2021. In general, exports, however, showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 174%.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $41K in 2022. Over the period under review, exports, however, showed a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 166%.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 1.0 | 0.7 | 8.2 | 22.7 | 183.1% |
| Marshall Islands | 1.0 | 1.2 | 2.4 | 3.0 | 44.2% |
| Chile | N/A | N/A | N/A | 2.6 | 0% |
| Singapore | 0.7 | 0.9 | 0.6 | 1.7 | 34.4% |
| Liberia | 1.1 | 1.3 | 1.5 | 1.5 | 10.9% |
| Panama | 0.7 | 0.6 | 1.3 | 1.4 | 26.0% |
| Argentina | 1.8 | 0.6 | 4.1 | 0.2 | -51.9% |
| India | 79.3 | 0.2 | N/A | N/A | -99.7% |
| United Arab Emirates | 7.1 | N/A | N/A | N/A | 0% |
| Others | 4.9 | 5.2 | 10.1 | 7.8 | 16.8% |
| Total | 97.7 | 10.6 | 28.2 | 40.9 | -25.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Brazil in 2022:
- Paraguay (8.5 tons)
- Marshall Islands (0.6 tons)
- Liberia (0.3 tons)
- Singapore (0.3 tons)
- Panama (0.3 tons)
- Chile (0.2 tons)
- Argentina (0.1 tons)
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