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

Contents:

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

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

The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,120 per ton in October 2023, waning by -5.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 56% month-to-month. As a result, import price reached the peak level of $5,981 per ton. From December 2022 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($78,567 per ton), while the price for Egypt ($2,812 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+27.1%), 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 Sweden (FOB) - 2023

The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $10,456 per ton in October 2023, falling by -10.6% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in November 2022 an increase of 49% m-o-m. As a result, the export price attained the peak level of $13,454 per ton. From December 2022 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($16,745 per ton), while the average price for exports to Norway ($9,635 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 Norway (+3.1%), 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 Sweden

In 2022, approx. 1.9K tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were imported into Sweden; waning by -4.3% compared with 2021. Overall, imports continue to indicate a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 5% against the previous year. As a result, imports attained the peak of 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 expanded slightly to $8.8M in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Spain (1028.0 tons)
2. India (243.0 tons)
3. Israel (221.2 tons)
4. United States (92.2 tons)
5. Estonia (74.5 tons)
6. Germany (52.5 tons)
7. Belgium (43.9 tons)
8. Vietnam (36.1 tons)

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

In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground was finally on the rise to reach 311 tons after two years of decline. Overall, exports, however, showed a noticeable shrinkage.

In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground reduced to $3.1M in 2022. In general, exports, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2020 with an increase of 0.1% against the previous year. As a result, the exports reached the peak of $3.4M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Estonia (102.5 tons)
2. Norway (75.9 tons)
3. Denmark (58.5 tons)
4. Finland (33.0 tons)
5. Czech Republic (14.6 tons)
6. United Kingdom (12.2 tons)
7. India (5.0 tons)

Source: IndexBox Market Intelligence Platform