Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,994 per ton in October 2023, increasing by 33% against the previous month. Over the period under review, import price indicated a tangible expansion from October 2022 to October 2023: its price increased at an average monthly rate of +4.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +79.8% against July 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($29,651 per ton), while the price for Bangladesh ($2,026 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+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 Greece (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,497 per ton in 2022, declining by -10.4% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 123% against the previous year. As a result, the export price attained the peak level of $5,609 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($9,960 per ton), while the average price for exports to the Netherlands ($2,674 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 India (+32.7%), 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 Greece
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground imported into Greece skyrocketed to 942 tons, growing by 15% on 2021 figures. The total import volume increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $3.2M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +49.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the peak figure 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 Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,202 | 1,121 | 1,413 | 1,716 | 12.6% |
| China | 276 | 193 | 405 | 727 | 38.1% |
| India | 180 | 204 | 228 | 140 | -8.0% |
| Germany | 78.7 | 72.1 | 89.5 | 109 | 11.5% |
| Austria | 154 | 194 | 122 | 77.4 | -20.5% |
| Bulgaria | 39.0 | 15.4 | 34.4 | 59.7 | 15.2% |
| Others | 300 | 324 | 329 | 347 | 5.0% |
| Total | 2,230 | 2,125 | 2,620 | 3,177 | 12.5% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Greece in 2022:
- Spain (537.6 tons)
- China (270.4 tons)
- India (38.4 tons)
- Germany (18.4 tons)
- Bulgaria (16.8 tons)
- Austria (10.4 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece
In 2022, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Greece surged to 43 tons, increasing by 50% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground skyrocketed to $193K in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 32.5 | 27.4 | 73.3 | 95.3 | 43.1% |
| Germany | 13.8 | 22.5 | 27.3 | 36.4 | 38.2% |
| Netherlands | 1.0 | 1.2 | 1.5 | 14.2 | 142.2% |
| Romania | 5.9 | 3.4 | 3.3 | 11.2 | 23.8% |
| Albania | 13.0 | 5.4 | 7.3 | 10.1 | -8.1% |
| Malta | 3.4 | 3.3 | 0.8 | 3.6 | 1.9% |
| Ireland | 2.0 | 12.1 | 6.6 | 2.8 | 11.9% |
| Kuwait | 7.4 | N/A | N/A | N/A | 0% |
| Others | 7.6 | 16.8 | 23.4 | 19.5 | 36.9% |
| Total | 86.7 | 92.1 | 144 | 193 | 30.6% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Greece in 2022:
- Cyprus (21.9 tons)
- Germany (7.8 tons)
- Netherlands (5.3 tons)
- Romania (2.8 tons)
- Albania (2.0 tons)
- Malta (1.0 tons)
- Ireland (0.7 tons)
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