Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ireland - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ireland (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ireland (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Ireland
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Ireland
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Ireland (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $8,081 per ton in October 2023, waning by -36.1% against the previous month. Overall, the import price, however, showed a modest expansion. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 283% m-o-m. Over the period under review, average import prices attained the maximum at $12,656 per ton in September 2023, and then declined markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($17,440 per ton), while the price for Poland ($2,745 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 Spain (+13.6%), 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 Ireland (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $8,756 per ton, with an increase of 21% against the previous year. Over the period under review, the export price enjoyed temperate growth. The pace of growth appeared the most rapid in 2015 an increase of 92% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($13,421 per ton), while the average price for exports to Australia ($1,459 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+26.4%), 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 Ireland
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -15% to 330 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 30%. As a result, imports reached the peak of 772 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; mixtures of 2 or more products of the same heading contracted notably to $2.6M in 2022. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, imports reached the peak of $4.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,287 | 2,971 | 1,249 | 975 | -24.7% |
| Netherlands | 65.1 | 214 | 186 | 295 | 65.5% |
| Turkey | 103 | 4.5 | 304 | 284 | 40.2% |
| Germany | 87.5 | 101 | 104 | 173 | 25.5% |
| Poland | 170 | 229 | 90.9 | 114 | -12.5% |
| Egypt | 11.7 | 0.1 | 62.2 | 105 | 107.8% |
| India | 17.4 | 14.8 | 135 | 92.4 | 74.5% |
| Austria | 42.3 | 52.5 | 48.2 | 81.4 | 24.4% |
| Spain | 123 | 37.4 | 77.5 | 67.7 | -18.0% |
| Malaysia | 4.2 | 24.0 | 32.0 | 53.8 | 134.0% |
| Italy | 104 | 85.8 | 63.8 | 38.1 | -28.4% |
| Pakistan | 411 | 278 | 102 | 19.2 | -64.0% |
| Nigeria | 4.9 | 3.6 | 11.4 | 10.0 | 26.8% |
| Others | 266 | 287 | 680 | 283 | 2.1% |
| Total | 3,697 | 4,302 | 3,145 | 2,591 | -11.2% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Ireland in 2022:
- United Kingdom (85.0 tons)
- Netherlands (59.0 tons)
- Germany (24.0 tons)
- Turkey (21.3 tons)
- Spain (20.4 tons)
- Austria (18.0 tons)
- India (12.5 tons)
- Poland (11.6 tons)
- Pakistan (10.4 tons)
- Italy (9.4 tons)
- Malaysia (8.9 tons)
- Nigeria (6.9 tons)
- Egypt (6.7 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Ireland
In 2022, approx. 39 tons of spices; mixtures of 2 or more products of the same heading were exported from Ireland; growing by 7.5% against 2021. In general, exports, however, recorded a abrupt slump.
In value terms, exports of spices; mixtures of 2 or more products of the same heading surged to $344K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 43%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 239 | 181 | 262 | 338 | 12.2% |
| Australia | N/A | N/A | N/A | 1.3 | 0% |
| Others | 14.8 | 4.1 | 2.1 | 5.4 | -28.5% |
| Total | 254 | 186 | 265 | 344 | 10.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Ireland in 2022:
- United Kingdom (37.9 tons)
- Australia (0.9 tons)
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