Price for Spices; Mixtures of 2 or More Products of the Same Heading in Austria - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Austria (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Austria (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Austria
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Austria
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Austria (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $10,545 per ton in October 2023, increasing by 45% against the previous month. Overall, import price indicated a tangible increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +44.9% against September 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Egypt ($124K per ton), while the price for Iran ($3,731 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 Egypt (+41.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Austria (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $32,406 per ton, surging by 22% against the previous month. Overall, export price indicated a temperate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for spices; mixtures of 2 or more products of the same heading increased by +58.8% against August 2023 indices. The growth pace was the most rapid in May 2023 when the average export price increased by 59% m-o-m. Over the period under review, the average export prices hit record highs in October 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($45,281 per ton), while the average price for exports to South Africa ($11,668 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 South Africa (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Austria
In 2022, approx. 2.4K tons of spices; mixtures of 2 or more products of the same heading were imported into Austria; growing by 1.9% on 2021. The total import volume increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; mixtures of 2 or more products of the same heading reduced to $17M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 23% against the previous year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.2 | 9.1 | 10.2 | 10.6 | 26.8% |
| Netherlands | 0.8 | 2.4 | 3.7 | 2.2 | 40.1% |
| Turkey | 1.8 | 1.0 | 1.5 | 1.1 | -15.1% |
| Poland | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
| Spain | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Hungary | N/A | N/A | N/A | 0.4 | 0% |
| Italy | 0.6 | 0.3 | 0.4 | 0.3 | -20.6% |
| Egypt | 0.5 | 0.2 | 0.1 | 0.2 | -26.3% |
| India | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 2.8 | 1.6 | 1.8 | 0.8 | -34.1% |
| Total | 12.5 | 15.5 | 18.8 | 16.7 | 10.1% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Austria in 2022:
- Germany (1454.8 tons)
- Netherlands (317.5 tons)
- Egypt (123.7 tons)
- Turkey (118.8 tons)
- Poland (78.3 tons)
- India (47.3 tons)
- Spain (45.7 tons)
- Italy (43.1 tons)
- Hungary (43.1 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Austria
In 2022, approx. 459 tons of spices; mixtures of 2 or more products of the same heading were exported from Austria; flattening at the year before. The total export volume increased at an average annual rate of +6.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of spices; mixtures of 2 or more products of the same heading declined markedly to $7.5M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 17%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,620 | 3,276 | 3,744 | 2,519 | -1.3% |
| Russia | 1,271 | 1,531 | 1,643 | 2,019 | 16.7% |
| Hungary | 412 | 368 | 433 | 421 | 0.7% |
| Poland | 510 | 574 | 421 | 400 | -7.8% |
| Switzerland | 288 | 299 | 373 | 313 | 2.8% |
| Italy | 303 | 385 | 446 | 276 | -3.1% |
| Czech Republic | 224 | 204 | 213 | 225 | 0.1% |
| Slovakia | 108 | 210 | 207 | 179 | 18.3% |
| Slovenia | 202 | 202 | 238 | 155 | -8.4% |
| Croatia | 136 | 106 | 141 | 125 | -2.8% |
| Others | 945 | 1,072 | 1,209 | 841 | -3.8% |
| Total | 7,018 | 8,227 | 9,069 | 7,472 | 2.1% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Austria in 2022:
- Germany (161.1 tons)
- Russia (77.2 tons)
- Hungary (67.9 tons)
- Poland (42.6 tons)
- Czech Republic (13.3 tons)
- Switzerland (12.0 tons)
- Croatia (11.2 tons)
- Slovenia (10.5 tons)
- Slovakia (10.4 tons)
- Italy (9.2 tons)
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