Price for Spices; Mixtures of 2 or More Products of the Same Heading in Peru - 2022
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Peru (CIF) - 2022
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Peru (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Peru
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Peru
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Peru (CIF) - 2022
In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $5,635 per ton, shrinking by -4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26%. As a result, import price reached the peak level of $5,870 per ton, and then reduced in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($9,384 per ton), while the price for India ($1,874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), 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 Peru (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $3,805 per ton in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. Over the period under review, the average export prices reached the peak figure at $4,452 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($27,500 per ton), while the average price for exports to Colombia ($368 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 Germany (+15.9%), 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 Peru
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading decreased by -49.4% to 212 tons, falling for the second year in a row after two years of growth. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 337%. As a result, imports attained the peak of 794 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 shrank dramatically to $1.2M in 2022. In general, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 287%. As a result, imports attained the peak of $3.7M. 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 Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 245 | 799 | 465 | 839 | 50.7% |
| Turkey | 49.8 | 342 | 234 | 217 | 63.3% |
| United States | 414 | 1,721 | 1,170 | 108 | -36.1% |
| India | 0.6 | 12.4 | 8.0 | 16.8 | 203.7% |
| China | 2.7 | 12.2 | 23.4 | 11.3 | 61.2% |
| Others | 247 | 824 | 551 | 0.5 | -87.3% |
| Total | 959 | 3,711 | 2,452 | 1,192 | 7.5% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Peru in 2022:
- Spain (128.7 tons)
- Turkey (59.1 tons)
- United States (11.5 tons)
- India (8.9 tons)
- China (3.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Peru
In 2022, exports of spices; mixtures of 2 or more products of the same heading from Peru reduced notably to 83 tons, which is down by -20% compared with the previous year. In general, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading dropped to $316K in 2022. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2021 with an increase of 27%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 159 | 40.4 | 80.8 | 116 | -10.0% |
| United States | 408 | 58.1 | 80.6 | 95.4 | -38.4% |
| Chile | 63.5 | 18.8 | 41.8 | 82.6 | 9.2% |
| Colombia | 14.7 | 1.2 | 2.3 | 5.2 | -29.3% |
| Italy | 3.8 | 0.7 | 1.3 | 3.9 | 0.9% |
| Canada | 47.0 | 0.5 | 1.0 | 1.4 | -69.0% |
| Argentina | 181 | 2.9 | 53.3 | N/A | -45.7% |
| United Arab Emirates | 414 | 145 | 77.1 | N/A | -56.8% |
| Others | 34.3 | 9.9 | 15.1 | 11.1 | -31.3% |
| Total | 1,326 | 278 | 353 | 316 | -38.0% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Peru in 2022:
- Chile (36.4 tons)
- United States (22.3 tons)
- Colombia (14.2 tons)
- Germany (4.2 tons)
- Italy (2.9 tons)
- Canada (0.6 tons)
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