Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $1,796 per ton in February 2022, increasing by 127% against the previous month. In general, export price indicated a prominent increase from February 2021 to February 2022: its price increased at an average monthly rate of +6.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2022 figures, export price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +127.2% against January 2022 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($2,049 per ton), while the average price for exports to the UK totaled $1,055 per ton.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,308 per ton, with an increase of 6.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 28% against the previous year. The import price peaked at $3,671 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,170 per ton), while the price for Peru ($1,380 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -45.2% to 3.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year. As a result, the exports attained the peak of 5.9K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell sharply to $3.7M in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 64% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,743 | 6,024 | 6,296 | 2,523 | -2.7% |
| United Kingdom | 93.4 | 90.4 | 271 | 252 | 39.2% |
| Haiti | 31.2 | 18.7 | 144 | 239 | 97.1% |
| United Arab Emirates | 90.5 | 98.3 | 92.2 | 216 | 33.6% |
| Netherlands | 77.9 | 160 | 177 | 175 | 31.0% |
| Saudi Arabia | 1,252 | 629 | 187 | 162 | -49.4% |
| Mexico | N/A | N/A | N/A | 60.9 | 0% |
| Others | 194 | 348 | 368 | 65.9 | -30.2% |
| Total | 4,481 | 7,368 | 7,535 | 3,694 | -6.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Colombia in 2022:
- United States (2091.3 tons)
- Haiti (252.3 tons)
- United Kingdom (229.9 tons)
- Saudi Arabia (183.3 tons)
- Netherlands (176.0 tons)
- United Arab Emirates (155.8 tons)
- Mexico (50.9 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Colombia contracted to 443 tons, which is down by -8.4% on the previous year. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 84%. As a result, imports reached the peak of 483 tons, and then fell in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped slightly to $1.5M in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 85% against the previous year. As a result, imports reached the peak of $1.5M, and then fell in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 245 | 251 | 629 | 608 | 35.4% |
| China | 206 | 176 | 465 | 488 | 33.3% |
| Spain | 148 | 93.2 | 121 | 192 | 9.1% |
| India | 102 | 80.9 | 106 | 46.8 | -22.9% |
| Chile | 21.6 | 21.8 | 39.6 | 39.4 | 22.2% |
| Peru | 52.3 | 150 | 106 | 37.5 | -10.5% |
| Others | 41.6 | 40.7 | 39.0 | 53.8 | 9.0% |
| Total | 816 | 814 | 1,506 | 1,465 | 21.5% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Colombia in 2022:
- China (294.2 tons)
- United States (66.3 tons)
- Spain (31.3 tons)
- Peru (27.1 tons)
- Chile (9.0 tons)
- India (8.9 tons)
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