Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile (CIF) - 2023
In November 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,162 per ton, jumping by 100% against the previous month. In general, the import price continues to indicate a measured expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($3,927 per ton), while the price for Peru ($625 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+9.1%), 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 Chile (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,531 per ton, increasing by 22% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $5,357 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6,873 per ton), while the average price for exports to Uruguay ($3,203 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 Argentina (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Chile soared to 1.5K tons, picking up by 33% compared with the previous year's figure. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.9% 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 +90.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 41%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $3.1M in 2022. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,056 | 1,502 | 1,542 | 2,166 | 27.1% |
| Spain | 93.9 | 131 | 538 | 515 | 76.4% |
| Peru | 114 | 230 | 153 | 180 | 16.4% |
| India | 0.4 | 0.1 | 14.5 | 102 | 534.1% |
| Others | 135 | 184 | 303 | 143 | 1.9% |
| Total | 1,400 | 2,048 | 2,551 | 3,106 | 30.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Chile in 2022:
- China (1090.1 tons)
- Peru (206.9 tons)
- Spain (144.6 tons)
- India (25.1 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile
For the third consecutive year, Chile recorded decline in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which decreased by -11% to 323 tons in 2022. Over the period under review, exports faced a abrupt slump.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1.5M in 2022. In general, exports continue to indicate a deep reduction.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 683 | 564 | 586 | 702 | 0.9% |
| United States | 80.4 | 177 | 190 | 279 | 51.4% |
| Japan | 1,351 | 695 | 218 | 138 | -53.3% |
| Colombia | 57.5 | 11.1 | 88.6 | 95.1 | 18.3% |
| Uruguay | 128 | 119 | 152 | 91.1 | -10.7% |
| Uzbekistan | N/A | N/A | N/A | 66.6 | 0% |
| Brazil | N/A | N/A | 3.6 | 36.5 | 913.9% |
| Mexico | 257 | 300 | 99.0 | N/A | -37.9% |
| Others | 80.0 | 31.9 | 12.5 | 54.1 | -12.2% |
| Total | 2,636 | 1,899 | 1,350 | 1,462 | -17.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Chile in 2022:
- Argentina (168.0 tons)
- United States (40.6 tons)
- Japan (36.0 tons)
- Uruguay (28.4 tons)
- Colombia (28.0 tons)
- Uzbekistan (10.0 tons)
- Brazil (5.8 tons)
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