Price for Spices; Mixtures of 2 or More Products of the Same Heading in Chile - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Chile (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Chile (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Chile
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Chile
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Chile (CIF) - 2022
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,376 per ton in 2022, with an increase of 59% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The import price peaked at $4,618 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,435 per ton), while the price for India ($2,529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.8%), 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 Chile (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $10,604 per ton in 2022, growing by 48% against the previous year. Over the period under review, the export price saw a moderate expansion. The growth pace was the most rapid in 2017 an increase of 207% against the previous year. As a result, the export price attained the peak level of $49,050 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Brazil.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +24.4% per year.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Chile
After three years of growth, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -51.1% to 134 tons in 2022. Overall, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 87%.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped dramatically to $586K in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 96%.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 87.5 | 157 | 161 | 237 | 39.4% |
| India | 63.2 | 123 | 297 | 102 | 17.3% |
| Peru | 12.9 | 33.0 | 27.2 | 81.5 | 84.9% |
| United States | 11.4 | 20.0 | 56.5 | 36.8 | 47.8% |
| Poland | 6.5 | 32.6 | 11.5 | 26.2 | 59.1% |
| Spain | 27.2 | 15.9 | 30.9 | 13.4 | -21.0% |
| China | 14.2 | 26.9 | 3.9 | 1.3 | -54.9% |
| Others | 73.8 | 173 | 170 | 87.4 | 5.8% |
| Total | 297 | 582 | 757 | 586 | 25.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Chile in 2022:
- Turkey (52.9 tons)
- India (40.5 tons)
- Peru (21.8 tons)
- Poland (3.3 tons)
- United States (3.2 tons)
- Spain (1.4 tons)
- China (0.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Chile
For the fourth consecutive year, Chile recorded growth in overseas shipments of spices; mixtures of 2 or more products of the same heading, which increased by 178% to 765 kg in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 456%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of spices; mixtures of 2 or more products of the same heading surged to $8.1K in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 6.4 | 0% |
| Russia | 1.0 | 0.4 | N/A | N/A | -60.0% |
| United States | N/A | 0.1 | 0.4 | N/A | 300.0% |
| United Arab Emirates | N/A | N/A | 0.3 | N/A | 0% |
| Canada | N/A | N/A | 0.3 | N/A | 0% |
| Others | N/A | 0.9 | 1.0 | 1.8 | 41.4% |
| Total | 1.0 | 1.4 | 2.0 | 8.1 | 100.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Chile in 2022:
- Brazil (600.0 kg)
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