Price for Spices; Mixtures of 2 or More Products of the Same Heading in Portugal - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Portugal (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Portugal (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Portugal
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Portugal
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Portugal (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $7,684 per ton in October 2023, with an increase of 15% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 34% against the previous month. Over the period under review, average import prices reached the peak figure at $7,894 per ton in October 2022; however, from November 2022 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($13,939 per ton), while the price for the Netherlands ($3,334 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 Italy (+15.7%), 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 Portugal (FOB) - 2022
The average export price for spices; mixtures of 2 or more products of the same heading stood at $6,266 per ton in 2022, picking up by 22% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $12,792 per ton in 2012; however, from 2013 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 the UK ($15,147 per ton), while the average price for exports to Luxembourg ($1,711 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 Spain (+12.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Portugal
In 2022, supplies from abroad of spices; mixtures of 2 or more products of the same heading was finally on the rise to reach 1.7K tons after two years of decline. Overall, imports, however, showed a perceptible decrease.
In value terms, imports of spices; mixtures of 2 or more products of the same heading totaled $13M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.9 | 7.5 | 8.7 | 9.6 | 25.1% |
| Netherlands | 0.5 | 0.5 | 0.8 | 0.9 | 21.6% |
| France | 0.8 | 1.0 | 1.0 | 0.9 | 4.0% |
| Italy | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Turkey | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
| Egypt | N/A | N/A | 0.1 | 0.1 | 0.0% |
| United Kingdom | 0.3 | 0.4 | 0.1 | N/A | -42.3% |
| Others | 0.6 | 0.6 | 1.0 | 0.9 | 14.5% |
| Total | 7.2 | 10.2 | 12.1 | 13.0 | 21.8% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Portugal in 2022:
- Spain (1040.4 tons)
- Netherlands (305.6 tons)
- Italy (161.6 tons)
- France (73.5 tons)
- Egypt (36.0 tons)
- Turkey (33.5 tons)
- United Kingdom (4.2 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Portugal
In 2022, shipments abroad of spices; mixtures of 2 or more products of the same heading decreased by -43.4% to 274 tons, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 196% against the previous year. As a result, the exports reached the peak of 601 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading reduced dramatically to $1.7M in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 135%. As a result, the exports reached the peak of $3.1M. 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 Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 441 | 765 | 533 | 514 | 5.2% |
| Germany | 268 | 1,002 | 757 | 347 | 9.0% |
| Angola | 229 | 684 | 302 | 233 | 0.6% |
| Cabo Verde | 89.0 | 146 | 136 | 118 | 9.9% |
| France | 63.4 | 146 | 397 | 115 | 22.0% |
| Netherlands | 1.6 | 39.1 | 98.4 | 64.1 | 242.2% |
| Luxembourg | 27.2 | 29.5 | 23.3 | 22.3 | -6.4% |
| Belgium | 11.5 | 20.2 | 32.8 | 14.1 | 7.0% |
| Others | 173 | 226 | 202 | 289 | 18.7% |
| Total | 1,303 | 3,058 | 2,482 | 1,716 | 9.6% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Portugal in 2022:
- Germany (110.4 tons)
- Spain (39.8 tons)
- Angola (34.6 tons)
- France (21.3 tons)
- Cabo Verde (15.5 tons)
- Luxembourg (13.0 tons)
- Netherlands (11.5 tons)
- Belgium (7.5 tons)
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