Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam (CIF) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam (CIF) - 2022
In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,991 per ton, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($3,991 per ton) and Japan ($3,991 per ton), while the price for China ($3,991 per ton) and South Korea ($3,991 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.2%), 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 Vietnam (FOB) - 2022
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $3,682 per ton in 2022, with an increase of 15% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 23% against the previous year. The export price peaked at $3,911 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($3,682 per ton) and South Africa ($3,682 per ton), while the average price for exports to Taiwan (Chinese) ($3,682 per ton) and Sweden ($3,682 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+3.6%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam
For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 8.1% to 1.6K tons in 2022. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground soared to $6.3M in 2022. The total import value increased at an average annual rate of +14.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 4.2 | 4.4 | 5.4 | 15.6% |
| South Korea | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
| India | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Spain | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 4.2 | 5.0 | 5.2 | 6.3 | 14.5% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Vietnam in 2022:
- China (1347.6 tons)
- South Korea (87.1 tons)
- India (54.2 tons)
- Spain (29.9 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam
In 2022, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Vietnam soared to 528 tons, increasing by 33% against 2021. The total export volume increased at an average annual rate of +13.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak 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 skyrocketed to $1.9M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 323 | 356 | 489 | 855 | 38.3% |
| United States | 42.2 | 121 | 129 | 371 | 106.4% |
| Sweden | 58.8 | 79.6 | 67.7 | 183 | 46.0% |
| Netherlands | 122 | 62.7 | 45.4 | 90.6 | -9.4% |
| Germany | 26.2 | 51.4 | 78.3 | 68.2 | 37.6% |
| Estonia | 77.5 | 55.1 | 101 | 66.8 | -4.8% |
| Ireland | 26.2 | 41.2 | 41.1 | 53.9 | 27.2% |
| New Zealand | 19.5 | 33.0 | 36.8 | 50.0 | 36.9% |
| Canada | 161 | 43.9 | 35.6 | 44.3 | -35.0% |
| Australia | 34.8 | 14.2 | 8.7 | 32.5 | -2.3% |
| Taiwan (Chinese) | 36.6 | 175 | 16.8 | 28.3 | -8.2% |
| Others | 87.3 | 234 | 224 | 101 | 5.0% |
| Total | 1,015 | 1,266 | 1,273 | 1,945 | 24.2% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Vietnam in 2022:
- South Africa (232.1 tons)
- United States (100.9 tons)
- Sweden (49.6 tons)
- Netherlands (24.6 tons)
- Germany (18.5 tons)
- Estonia (18.1 tons)
- Ireland (14.7 tons)
- New Zealand (13.6 tons)
- Canada (12.0 tons)
- Australia (8.8 tons)
- Taiwan (Chinese) (7.7 tons)
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