Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $8,015 per ton in October 2023, jumping by 67% against the previous month. In general, the import price recorded resilient growth. The pace of growth was the most pronounced in July 2023 when the average import price increased by 69% against the previous month. Over the period under review, average import prices hit record highs in October 2023.
Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Serbia ($8,072 per ton), while the price for Kosovo amounted to $5,537 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Austria (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $7,973 per ton, jumping by 33% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +4.6%. As a result, the export price attained 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 ($10,566 per ton), while the average price for exports to Serbia ($6,271 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.5%), 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 Croatia
After three years of growth, supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -12% to 873 tons in 2022. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 6.2%. As a result, imports attained the peak of 993 tons, and then shrank in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped to $3.5M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. As a result, imports reached the peak of $3.7M, and then declined in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,253 | 1,382 | 1,590 | 1,451 | 5.0% |
| Serbia | 672 | 638 | 770 | 592 | -4.1% |
| Hungary | 290 | 312 | 381 | 407 | 12.0% |
| China | 127 | 254 | 253 | 362 | 41.8% |
| Austria | 290 | 271 | 300 | 281 | -1.0% |
| Germany | 109 | 101 | 110 | 152 | 11.7% |
| Czech Republic | 149 | 158 | 155 | 130 | -4.4% |
| Netherlands | 99.9 | 29.2 | 42.3 | 1.3 | -76.5% |
| Others | 47.0 | 55.1 | 107 | 104 | 30.3% |
| Total | 3,037 | 3,200 | 3,708 | 3,481 | 4.7% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Croatia in 2022:
- Spain (438.8 tons)
- China (141.9 tons)
- Serbia (105.1 tons)
- Hungary (77.2 tons)
- Austria (44.8 tons)
- Czech Republic (27.6 tons)
- Germany (18.7 tons)
- Netherlands (0.5 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -17.5% to 255 tons. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 64% against the previous year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank markedly to $1.3M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 322 | 347 | 378 | 338 | 1.6% |
| Slovenia | 107 | 255 | 290 | 296 | 40.4% |
| Austria | 44.3 | 153 | 211 | 151 | 50.5% |
| Switzerland | 112 | 124 | 95.0 | 113 | 0.3% |
| Czech Republic | 60.7 | 105 | 72.2 | 80.2 | 9.7% |
| Romania | 6.7 | 62.0 | 115 | 60.5 | 108.2% |
| Sweden | 23.9 | 35.3 | 37.8 | 45.6 | 24.0% |
| Serbia | 73.7 | 73.9 | 30.6 | 39.5 | -18.8% |
| Spain | N/A | 13.3 | 131 | 31.5 | 53.9% |
| North Macedonia | 20.0 | 23.8 | 24.9 | 27.8 | 11.6% |
| Netherlands | 5.0 | 26.7 | 18.8 | 18.7 | 55.2% |
| Others | 53.3 | 112 | 160 | 125 | 32.9% |
| Total | 828 | 1,329 | 1,564 | 1,327 | 17.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Croatia in 2022:
- Slovenia (64.7 tons)
- Bosnia and Herzegovina (53.4 tons)
- Czech Republic (25.8 tons)
- Austria (25.6 tons)
- Switzerland (20.0 tons)
- Spain (12.0 tons)
- Romania (10.7 tons)
- Sweden (9.3 tons)
- Serbia (8.3 tons)
- North Macedonia (4.5 tons)
- Netherlands (3.8 tons)
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