Price for Spices; Mixtures of 2 or More Products of the Same Heading in Germany - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Germany (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Germany (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Germany
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Germany
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Germany (CIF) - 2023
In October 2023, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $3,539 per ton, which is down by -27% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 40% against the previous month. As a result, import price reached the peak level of $5,424 per ton. From March 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Madagascar ($9,602 per ton), while the price for the United Arab Emirates ($1,892 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 Romania (+21.9%), 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 Germany (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $11,281 per ton, rising by 70% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Switzerland ($18,533 per ton), while the average price for exports to Egypt ($2,556 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 New Zealand (+6.6%), 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 Germany
In 2022, overseas purchases of spices; mixtures of 2 or more products of the same heading decreased by -4.3% to 12K tons, falling for the second year in a row after two years of growth. Overall, imports showed a perceptible decline. The growth pace was the most rapid in 2020 with an increase of 5.1% against the previous year. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading dropped to $50M in 2022. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, imports reached the peak of $61M. From 2021 to 2022, the growth of imports of remained at a lower figure.
Import of Spices; Mixtures of 2 or More Products of the Same Heading in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 5.9 | 12.5 | 8.3 | 7.8 | 9.8% |
Poland | 11.5 | 8.2 | 7.4 | 7.8 | -12.1% |
Austria | 5.5 | 8.2 | 8.8 | 6.0 | 2.9% |
Egypt | 2.2 | 3.3 | 3.1 | 3.1 | 12.1% |
Brazil | 3.9 | 2.9 | 2.8 | 3.0 | -8.4% |
Turkey | 5.2 | 4.4 | 3.8 | 2.8 | -18.6% |
India | 2.3 | 1.8 | 2.4 | 2.7 | 5.5% |
Italy | 3.1 | 2.9 | 3.3 | 2.6 | -5.7% |
Spain | 2.7 | 2.1 | 2.4 | 1.9 | -11.1% |
Czech Republic | 2.1 | 1.7 | 1.8 | 1.8 | -5.0% |
France | 0.5 | 2.9 | 2.0 | 1.8 | 53.3% |
Belgium | 2.4 | 2.4 | 1.6 | 1.4 | -16.4% |
Syrian Arab Republic | N/A | 0.5 | 0.8 | 0.4 | -10.6% |
Others | 8.5 | 7.0 | 8.0 | 7.0 | -6.3% |
Total | 55.9 | 60.9 | 56.8 | 50.4 | -3.4% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Germany in 2022:
- Poland (2350.6 tons)
- India (1626.4 tons)
- Netherlands (1607.7 tons)
- Egypt (1266.2 tons)
- Austria (837.8 tons)
- Italy (835.8 tons)
- Turkey (736.2 tons)
- Spain (680.0 tons)
- Belgium (484.1 tons)
- Czech Republic (321.2 tons)
- Brazil (307.3 tons)
- Syrian Arab Republic (206.0 tons)
- France (203.5 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Germany
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -19.3% to 3.6K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a noticeable reduction. The growth pace was the most rapid in 2020 with an increase of 10% against the previous year. As a result, the exports reached the peak of 4.5K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading dropped rapidly to $29M in 2022. Over the period under review, exports faced a deep slump. The pace of growth was the most pronounced in 2020 when exports increased by 13%. As a result, the exports reached the peak of $58M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
Export of Spices; Mixtures of 2 or More Products of the Same Heading in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 5.3 | 7.2 | 5.9 | 5.1 | -1.3% |
United States | 1.0 | 1.1 | 1.2 | 2.6 | 37.5% |
France | 16.1 | 17.1 | 16.1 | 2.5 | -46.3% |
Netherlands | 5.7 | 6.6 | 6.3 | 2.2 | -27.2% |
Switzerland | 2.1 | 2.5 | 2.7 | 2.2 | 1.6% |
Poland | 3.1 | 2.8 | 2.5 | 2.1 | -12.2% |
Spain | 1.9 | 0.9 | 1.2 | 1.3 | -11.9% |
Sweden | 2.1 | 2.5 | 2.5 | 1.2 | -17.0% |
Denmark | 1.7 | 2.5 | 2.2 | 1.1 | -13.5% |
Italy | 1.1 | 0.7 | 0.9 | 1.0 | -3.1% |
South Africa | 0.9 | 1.2 | 1.2 | 1.0 | 3.6% |
Czech Republic | 0.7 | 1.0 | 1.0 | 0.9 | 8.7% |
Belgium | 2.8 | 3.4 | 2.7 | 0.8 | -34.1% |
Others | 7.4 | 8.9 | 7.9 | 4.7 | -14.0% |
Total | 51.8 | 58.4 | 54.2 | 28.8 | -17.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Germany in 2022:
- Austria (950.7 tons)
- Poland (422.2 tons)
- Spain (250.2 tons)
- South Africa (203.9 tons)
- Switzerland (182.5 tons)
- Netherlands (155.4 tons)
- Belgium (155.3 tons)
- Czech Republic (132.3 tons)
- Italy (127.8 tons)
- Denmark (124.4 tons)
- France (111.7 tons)
- Sweden (88.3 tons)
- United States (75.1 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger in Germany.
This report provides an in-depth analysis of the ginger market in Germany.
This report provides an in-depth analysis of the market for dog and cat food in Germany.
This report provides an in-depth analysis of the apricot market in Germany.
This report provides an in-depth analysis of the virgin olive oil market in Germany.
This report provides an in-depth analysis of the paint and varnish market in Germany.
This report provides an in-depth analysis of the olive oil market in Germany.
This report provides an in-depth analysis of the market for urea and thiourea resins in Germany.
This report provides an in-depth analysis of the assembled clock movements market in Germany.
This report provides an in-depth analysis of the diphosphorus pentaoxide market in Germany.
Dog And Cat Food exports reached a peak of 1.1M tons and then flattened out through 2023. In terms of value, exports of dog and cat food surged to $3.4B in 2023.
January 2023 saw a 1.9% increase in the FOB dog and cat food price per ton in Germany, amounting to $2,689 - a surge on the previous month for Dog And Cat Food.
In February 2023, the apricot price stood at $2,168 per ton (CIF, Germany), rising by 7.5% against the previous month.
From 2018 to 2023, Paint and Varnish exports experienced stagnant growth, with a total value of $4.1B in 2023.
The growth pace was the most rapid in January 2023 when Paint and Varnish exports increased by 25% month-on-month. In value terms, Paint and Varnish exports shrank to $340M in November 2023.
In June 2023, the price of Paint and Varnish was $5,643 per ton (FOB, Germany), reflecting a 1.6% increase compared to the previous month.
Imports of Diphosphorus Pentaoxide reached a peak of 5.7K tons, but significantly decreased the following year. In terms of value, imports of Diphosphorus Pentaoxide fell to $7.3M in 2023.
In October 2023, diphosphorus pentaoxide experienced a notable increase in growth rate, rising by 347% month-to-month. However, the value of diphosphorus pentaoxide imports dropped significantly to $305K in November 2023.
The global ginger market is forecast to reach USD 10.3 billion by 2030, growing at a CAGR of 4.7% during the forecast period (2022-2030).
In the wake of the pandemic, the ginger market has accelerated its growth as demand for foods with a reputation for immunity system health has soared to unprecedented heights. India, which almost tripled its export of ginger in 2020, may become a serious competitor to the main global supplier - China. The majority of the developed countries have increased the volume of imports, which, in the context of Covid restrictions and a shortage of container traffic, has led to an increase in prices for the product.