Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland - 2023

Contents:

  1. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (CIF) - 2023
  2. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (FOB) - 2023
  3. Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland
  4. Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (CIF) - 2023

The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $1,893 per ton in October 2023, reducing by -51% against the previous month. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in November 2022 an increase of 21% month-to-month. Over the period under review, average import prices reached the peak figure at $4,226 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($4,425 per ton), while the price for China amounted to $1,095 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.7%), 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 Poland (FOB) - 2023

The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,580 per ton in October 2023, with a decrease of -8.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 37% month-to-month. As a result, the export price attained the peak level of $7,121 per ton. From May 2023 to October 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the UK ($9,863 per ton), while the average price for exports to Russia ($4,167 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 Portugal (+4.3%), 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 Poland

For the fourth year in a row, Poland recorded growth in overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 6.3% to 6K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% 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 +53.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. Over the period under review, imports 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.

In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground totaled $20M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.28.810.411.037.8%
Germany0.42.52.52.993.5%
China2.10.70.81.4-12.6%
FranceN/A2.01.01.0-29.3%
RomaniaN/A0.30.40.863.3%
AustriaN/A0.70.70.70.0%
India0.70.30.60.6-5.0%
Peru1.5N/AN/AN/A0%
Others1.91.01.61.1-16.7%
Total10.916.418.019.521.4%

Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Poland in 2022:

  1. Spain (3328.6 tons)
  2. Germany (1012.8 tons)
  3. China (769.8 tons)
  4. Romania (191.7 tons)
  5. India (167.3 tons)
  6. Austria (135.5 tons)
  7. France (129.5 tons)

Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland

In 2022, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Poland reached 1.2K tons, surging by 14% on 2021. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 17%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground reached the maximum in 2022 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 expanded notably to $6.4M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground reached 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 Poland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany16.86731,0431,134307.2%
Romania9459339751,0232.7%
Russia7071,0081,43597511.3%
Czech Republic32338640760223.1%
Portugal3.60.10.2511421.6%
United Kingdom4535884954570.3%
Ukraine58.026944338788.3%
Hungary254389328245-1.2%
Others8136809271,0438.7%
Total3,5744,9276,0546,37821.3%

Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Poland in 2022:

  1. Russia (253.5 tons)
  2. Germany (211.1 tons)
  3. Czech Republic (185.3 tons)
  4. Romania (168.0 tons)
  5. Portugal (82.5 tons)
  6. Ukraine (69.7 tons)
  7. United Kingdom (63.0 tons)
  8. Hungary (48.0 tons)

Source: IndexBox Market Intelligence Platform

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