Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Poland
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 4.2 | 8.8 | 10.4 | 11.0 | 37.8% |
Germany | 0.4 | 2.5 | 2.5 | 2.9 | 93.5% |
China | 2.1 | 0.7 | 0.8 | 1.4 | -12.6% |
France | N/A | 2.0 | 1.0 | 1.0 | -29.3% |
Romania | N/A | 0.3 | 0.4 | 0.8 | 63.3% |
Austria | N/A | 0.7 | 0.7 | 0.7 | 0.0% |
India | 0.7 | 0.3 | 0.6 | 0.6 | -5.0% |
Peru | 1.5 | N/A | N/A | N/A | 0% |
Others | 1.9 | 1.0 | 1.6 | 1.1 | -16.7% |
Total | 10.9 | 16.4 | 18.0 | 19.5 | 21.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Poland in 2022:
- Spain (3328.6 tons)
- Germany (1012.8 tons)
- China (769.8 tons)
- Romania (191.7 tons)
- India (167.3 tons)
- Austria (135.5 tons)
- 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) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 16.8 | 673 | 1,043 | 1,134 | 307.2% |
Romania | 945 | 933 | 975 | 1,023 | 2.7% |
Russia | 707 | 1,008 | 1,435 | 975 | 11.3% |
Czech Republic | 323 | 386 | 407 | 602 | 23.1% |
Portugal | 3.6 | 0.1 | 0.2 | 511 | 421.6% |
United Kingdom | 453 | 588 | 495 | 457 | 0.3% |
Ukraine | 58.0 | 269 | 443 | 387 | 88.3% |
Hungary | 254 | 389 | 328 | 245 | -1.2% |
Others | 813 | 680 | 927 | 1,043 | 8.7% |
Total | 3,574 | 4,927 | 6,054 | 6,378 | 21.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Poland in 2022:
- Russia (253.5 tons)
- Germany (211.1 tons)
- Czech Republic (185.3 tons)
- Romania (168.0 tons)
- Portugal (82.5 tons)
- Ukraine (69.7 tons)
- United Kingdom (63.0 tons)
- Hungary (48.0 tons)
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