Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand - 2024
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (CIF) - 2024
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (FOB) - 2024
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (CIF) - 2024
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,764 per ton in November 2023, surging by 16% against the previous month. Over the last ten months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 20% month-to-month. Over the period under review, average import prices attained the peak figure in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($7,392 per ton), while the price for Spain ($4,122 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by India (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (FOB) - 2024
In November 2023, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $1,679 per ton, growing by 25% against the previous month. In general, the export price recorded a moderate increase. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 119% m-o-m. As a result, the export price reached the peak level of $2,773 per ton. From July 2023 to November 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was India ($4,672 per ton), while the average price for exports to the Netherlands ($902 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Thailand declined sharply to 4.6K tons, which is down by -21.6% against 2021. In general, imports showed a deep setback. The smallest decline of -9.9% was in 2021.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground shrank remarkably to $14M in 2022. Overall, imports recorded a abrupt decline. The smallest decline of -12.3% was in 2021.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.0 | 16.5 | 11.9 | 6.7 | -30.5% |
| India | 3.4 | 2.5 | 4.4 | 4.6 | 10.6% |
| Spain | 1.1 | 1.2 | 1.4 | 1.5 | 10.9% |
| Philippines | 1.3 | 2.0 | 1.4 | 0.5 | -27.3% |
| Others | 0.8 | 1.0 | 1.2 | 1.1 | 11.2% |
| Total | 26.6 | 23.1 | 20.3 | 14.5 | -18.3% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Thailand in 2022:
- India (2281.0 tons)
- China (1734.1 tons)
- Spain (378.5 tons)
- Philippines (85.1 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand
In 2022, shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -20.3% to 7.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 41%.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted to $8.8M in 2022. In general, exports recorded a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, the exports attained the peak of $9.8M, and then fell in the following year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.0 | 4.8 | 5.3 | 4.8 | 6.3% |
| United States | 0.5 | 0.6 | 0.8 | 1.0 | 26.0% |
| United Kingdom | 0.1 | 0.3 | 0.4 | 0.4 | 58.7% |
| Myanmar | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Indonesia | 2.9 | 1.5 | 1.4 | 0.1 | -67.5% |
| Others | 1.7 | 1.4 | 1.6 | 2.2 | 9.0% |
| Total | 9.3 | 8.6 | 9.8 | 8.8 | -1.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Thailand in 2022:
- Netherlands (5.7K tons)
- United Kingdom (0.4K tons)
- United States (0.2K tons)
- Myanmar (0.2K tons)
- Indonesia (0.1K tons)
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