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)
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