Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,923 per ton in 2022, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. Over the period under review, average import prices hit record highs at $5,170 per ton in 2016; however, from 2017 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 Malaysia ($9,790 per ton), while the price for Turkey ($1,704 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), 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 New Zealand (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,190 per ton in 2022, growing by 14% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 281%. The export price peaked at $19,372 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($6,593 per ton), while the average price for exports to Solomon Islands ($3,118 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 Fiji (+8.8%), 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 New Zealand
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -17.3% to 768 tons. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of 928 tons, and then fell remarkably in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank modestly to $3.8M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $4M, and then contracted in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 637 | 793 | 1,024 | 1,106 | 20.2% |
| India | 472 | 497 | 899 | 867 | 22.5% |
| China | 497 | 606 | 811 | 659 | 9.9% |
| Australia | 216 | 216 | 353 | 444 | 27.1% |
| Malaysia | 102 | 83.6 | 146 | 205 | 26.2% |
| Turkey | 108 | 134 | 276 | 188 | 20.3% |
| South Korea | 83.1 | 71.8 | 180 | 110 | 9.8% |
| Others | 134 | 207 | 261 | 200 | 14.3% |
| Total | 2,250 | 2,609 | 3,950 | 3,780 | 18.9% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to New Zealand in 2022:
- Spain (272.1 tons)
- India (170.9 tons)
- Turkey (110.4 tons)
- China (104.9 tons)
- Australia (46.5 tons)
- Malaysia (21.0 tons)
- South Korea (20.7 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand
In 2022, the amount of spices; fruits of the genus capsicum or pimenta, crushed or ground exported from New Zealand skyrocketed to 5.3 tons, jumping by 117% compared with the previous year. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $28K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 8.3 | 0.6 | 3.4 | 11.6 | 11.8% |
| Fiji | N/A | 0.5 | 1.0 | 7.4 | 284.7% |
| Cook Islands | 3.5 | 1.9 | 3.0 | 5.7 | 17.7% |
| Solomon Islands | 0.4 | N/A | 1.4 | 1.6 | 58.7% |
| Samoa | 0.2 | 0.6 | 1.0 | 0.7 | 51.8% |
| Marshall Islands | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| India | 2.6 | N/A | N/A | N/A | 0% |
| Bahrain | N/A | 1.3 | 0.7 | N/A | -46.2% |
| Others | 0.5 | 0.4 | 0.7 | 0.4 | -7.2% |
| Total | 15.5 | 5.4 | 11.2 | 27.7 | 21.4% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from New Zealand in 2022:
- Australia (2208.0 kg)
- Cook Islands (1134.0 kg)
- Fiji (1118.0 kg)
- Solomon Islands (519.0 kg)
- Samoa (232.0 kg)
- Marshall Islands (85.0 kg)
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