Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,348 per ton in 2022, picking up by 4.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 15% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($5,583 per ton), while the price for China ($2,748 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.8%), 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 Germany (FOB) - 2023
In October 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $6,533 per ton, rising by 6.8% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in March 2023 an increase of 18% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,420 per ton in June 2023; however, from July 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Switzerland ($14,115 per ton), while the average price for exports to China ($2,972 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 the Czech Republic (+9.4%), 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 Germany
In 2022, purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -0.2% to 17K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. As a result, imports reached the peak of 18K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded modestly to $57M in 2022. The total import value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 22%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 18.5 | 20.7 | 20.7 | 21.4 | 5.0% |
| China | 11.9 | 15.5 | 17.3 | 18.6 | 16.1% |
| Netherlands | 0.7 | 2.4 | 3.0 | 2.9 | 60.6% |
| Turkey | 1.2 | 2.1 | 2.3 | 2.7 | 31.0% |
| Hungary | 2.3 | 2.3 | 2.6 | 2.0 | -4.6% |
| Serbia | 0.9 | 0.6 | 0.8 | 1.6 | 21.1% |
| India | 1.0 | 0.8 | 0.8 | 1.0 | 0.0% |
| Others | 4.5 | 5.9 | 7.7 | 7.4 | 18.0% |
| Total | 41.1 | 50.2 | 55.2 | 57.5 | 11.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Germany in 2022:
- China (6.8K tons)
- Spain (6.8K tons)
- Turkey (0.8K tons)
- Netherlands (0.7K tons)
- Hungary (0.4K tons)
- Serbia (0.3K tons)
- India (0.2K tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany
In 2022, approx. 4.5K tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Germany; remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 4.5K tons; afterwards, it flattened through to 2022.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined modestly to $24M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 17%.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 2.3 | 3.2 | 3.0 | 3.5 | 15.0% |
| Austria | 2.6 | 2.5 | 2.7 | 2.4 | -2.6% |
| France | 1.8 | 1.7 | 1.8 | 1.8 | 0.0% |
| Netherlands | 2.1 | 1.9 | 1.9 | 1.7 | -6.8% |
| Switzerland | 0.8 | 1.5 | 1.8 | 1.6 | 26.0% |
| Denmark | 1.2 | 1.1 | 1.4 | 1.2 | 0.0% |
| Romania | 0.4 | 0.4 | 0.7 | 1.1 | 40.1% |
| Czech Republic | 0.4 | 0.7 | 1.0 | 1.1 | 40.1% |
| United States | 0.5 | 0.8 | 1.7 | 1.0 | 26.0% |
| Italy | 0.7 | 0.7 | 0.8 | 1.0 | 12.6% |
| Belgium | 0.4 | 0.6 | 0.9 | 0.7 | 20.5% |
| United Kingdom | 0.5 | 1.1 | 0.5 | 0.6 | 6.3% |
| China | 0.5 | 0.9 | 0.5 | 0.5 | 0.0% |
| Others | 5.2 | 5.6 | 6.3 | 5.8 | 3.7% |
| Total | 19.3 | 22.6 | 25.0 | 24.1 | 7.7% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Germany in 2022:
- Poland (1061.8 tons)
- France (385.7 tons)
- Austria (368.5 tons)
- Romania (303.7 tons)
- Czech Republic (302.0 tons)
- Netherlands (259.1 tons)
- Switzerland (158.1 tons)
- Denmark (151.9 tons)
- Italy (145.8 tons)
- China (144.5 tons)
- Belgium (121.2 tons)
- United States (115.0 tons)
- United Kingdom (110.0 tons)
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