Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,170 per ton, shrinking by -38.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in September 2023 when the average import price increased by 54% month-to-month. As a result, import price reached the peak level of $5,131 per ton, and then dropped dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From October 2022 to October 2023, the rate of growth in terms of prices for Germany amounted to +6.6% per month.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $15,684 per ton in October 2023, growing by 170% against the previous month. Overall, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($18,158 per ton), while the average price for exports to Moldova totaled $9,467 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.8%), 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 Romania
Imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Romania contracted to 2K tons in 2022, waning by -8.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 2.2K tons, and then fell in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $6.7M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,314 | 2,116 | 2,051 | 2,265 | 19.9% |
| Germany | 467 | 500 | 765 | 1,174 | 36.0% |
| Poland | 873 | 934 | 946 | 1,030 | 5.7% |
| Hungary | 560 | 674 | 839 | 714 | 8.4% |
| Spain | 566 | 422 | 1,005 | 696 | 7.1% |
| Latvia | 48.3 | 11.7 | 146 | 225 | 67.0% |
| Bulgaria | 678 | 101 | 449 | 87.0 | -49.6% |
| Belgium | 249 | 77.5 | 27.6 | 34.4 | -48.3% |
| Others | 483 | 466 | 476 | 480 | -0.2% |
| Total | 5,239 | 5,302 | 6,704 | 6,705 | 8.6% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Romania in 2022:
- China (910.6 tons)
- Germany (371.3 tons)
- Spain (209.2 tons)
- Poland (183.5 tons)
- Hungary (127.0 tons)
- Latvia (81.6 tons)
- Bulgaria (26.7 tons)
- Belgium (10.2 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -3% to 398 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced modestly to $2M in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 61%.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 42.4 | 338 | 819 | 733 | 158.6% |
| Hungary | 138 | 204 | 229 | 329 | 33.6% |
| Germany | 45.2 | 60.5 | 83.9 | 178 | 57.9% |
| Italy | 99.9 | 106 | 240 | 166 | 18.4% |
| United Kingdom | 49.0 | 61.1 | 143 | 155 | 46.8% |
| Greece | 3.0 | 41.1 | 88.5 | 119 | 241.0% |
| Slovakia | 101 | 164 | 91.0 | 65.7 | -13.4% |
| Czech Republic | 312 | 306 | 71.9 | 0.2 | -91.4% |
| Others | 135 | 209 | 284 | 231 | 19.6% |
| Total | 926 | 1,491 | 2,049 | 1,977 | 28.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Romania in 2022:
- Poland (191.1 tons)
- Hungary (77.1 tons)
- Greece (30.6 tons)
- Germany (30.2 tons)
- Slovakia (14.0 tons)
- Italy (13.7 tons)
- United Kingdom (9.7 tons)
- Czech Republic (0.1 tons)
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