Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela (CIF) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,026 per ton, which is down by -1.8% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $4,096 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($8,889 per ton), while the price for Peru ($563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela
After three years of growth, supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -27% to 47 tons in 2022. Over the period under review, imports, however, saw resilient growth. The growth pace was the most rapid in 2021 when imports increased by 117%. As a result, imports attained the peak of 64 tons, and then contracted notably in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted dramatically to $141K in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 131% against the previous year. As a result, imports reached the peak of $197K, and then fell dramatically in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.3 | 41.5 | 142 | 101 | 37.0% |
| Spain | 10.0 | 11.4 | 22.6 | 14.5 | 13.2% |
| India | 10.6 | 8.8 | 5.6 | 11.9 | 3.9% |
| Germany | 13.6 | 12.8 | 13.7 | 6.5 | -21.8% |
| Turkey | 0.1 | N/A | 4.6 | 2.8 | 203.7% |
| Others | 8.3 | 10.4 | 8.5 | 4.4 | -19.1% |
| Total | 81.8 | 85.0 | 197 | 141 | 19.9% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Venezuela in 2022:
- China (35.0 tons)
- Spain (4.2 tons)
- India (3.6 tons)
- Germany (2.1 tons)
- Turkey (0.8 tons)
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