Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,055 per ton in October 2023, which is down by -24.3% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 49% against the previous month. The import price peaked at $4,035 per ton in September 2023, and then reduced dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Serbia ($7,297 per ton), while the price for China amounted to $2,404 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+52.4%), 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 Hungary (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $6,038 per ton in October 2023, which is down by -19.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in November 2022 an increase of 26% month-to-month. Over the period under review, the average export prices hit record highs at $7,918 per ton in April 2023; however, from May 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($13,951 per ton), while the average price for exports to Serbia ($3,296 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 United States (+6.8%), 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 Hungary
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -5.6% to 3.5K tons. The total import volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 7.2%. As a result, imports attained the peak of 3.7K tons, and then contracted in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined modestly to $11M in 2022. The total import value increased at an average annual rate of +7.4% over the period 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 2021 with an increase of 21%. As a result, imports attained the peak of $11M, leveling off in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.8 | 3.2 | 5.0 | 5.0 | 9.6% |
| China | 1.6 | 1.1 | 1.7 | 2.1 | 9.5% |
| Slovenia | 0.6 | 0.8 | 1.0 | 1.0 | 18.6% |
| Germany | 0.3 | 0.6 | 0.8 | 0.8 | 38.7% |
| Austria | 0.6 | 0.7 | 0.6 | 0.6 | 0.0% |
| Slovakia | 0.3 | 0.4 | 0.5 | 0.6 | 26.0% |
| Serbia | 0.7 | 0.6 | 0.6 | 0.3 | -24.6% |
| Netherlands | 0.3 | 1.1 | 0.4 | 0.1 | -30.7% |
| Bulgaria | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Others | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Total | 8.8 | 9.1 | 11.0 | 10.9 | 7.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Hungary in 2022:
- Spain (1648.6 tons)
- China (836.3 tons)
- Slovenia (570.2 tons)
- Slovakia (152.0 tons)
- Germany (108.5 tons)
- Austria (65.9 tons)
- Serbia (57.2 tons)
- Bulgaria (29.0 tons)
- Netherlands (21.0 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary
In 2022, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -17.6% to 2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 with an increase of 8.2% against the previous year. As a result, the exports reached the peak of 2.4K tons, and then declined notably in the following year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced to $11M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. As a result, the exports reached the peak of $13M, and then contracted in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,480 | 3,642 | 4,565 | 3,839 | 3.3% |
| Slovakia | 1,163 | 1,576 | 1,603 | 1,591 | 11.0% |
| Czech Republic | 875 | 872 | 1,017 | 967 | 3.4% |
| United States | 474 | 525 | 516 | 683 | 12.9% |
| Romania | 561 | 718 | 664 | 675 | 6.4% |
| Croatia | 415 | 423 | 480 | 532 | 8.6% |
| Austria | 347 | 469 | 590 | 439 | 8.2% |
| France | 282 | 276 | 368 | 330 | 5.4% |
| Poland | 174 | 375 | 701 | 286 | 18.0% |
| Netherlands | 389 | 259 | 269 | 235 | -15.5% |
| Serbia | 133 | 193 | 187 | 212 | 16.8% |
| Switzerland | 258 | 313 | 417 | 154 | -15.8% |
| Italy | 411 | 119 | 101 | 144 | -29.5% |
| Others | 782 | 1,020 | 1,152 | 743 | -1.7% |
| Total | 9,743 | 10,779 | 12,629 | 10,828 | 3.6% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Hungary in 2022:
- Germany (621.4 tons)
- Slovakia (391.2 tons)
- Czech Republic (159.3 tons)
- Romania (124.9 tons)
- United States (119.9 tons)
- Croatia (109.6 tons)
- Austria (74.5 tons)
- France (57.9 tons)
- Netherlands (56.3 tons)
- Poland (45.7 tons)
- Serbia (45.2 tons)
- Italy (40.6 tons)
- Switzerland (26.1 tons)
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