Spices; Mixtures Price in Canada - 2023
Contents:
- Spices; Mixtures Price in Canada (CIF) - 2023
- Spices; Mixtures Price in Canada (FOB) - 2023
- Spices; Mixtures Imports in Canada
- Spices; Mixtures Exports in Canada
Spices; Mixtures Price in Canada (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $4,488 per ton, with a decrease of -6.2% against the previous month. Over the period under review, 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 25% month-to-month. As a result, import price reached the peak level of $7,289 per ton. From March 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Pakistan ($11,116 per ton), while the price for Nigeria ($715 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mali (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Canada (FOB) - 2023
The average spices; mixtures export price stood at $4,746 per ton in June 2023, picking up by 2.8% against the previous month. In general, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in December 2022 an increase of 54% m-o-m. As a result, the export price attained the peak level of $9,072 per ton. From January 2023 to June 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5,202 per ton), while the average price for exports to Jamaica ($3,384 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Trinidad and Tobago (0.0%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Imports in Canada
In 2022, supplies from abroad of spices; mixtureses decreased by -11.5% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +31.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, imports attained the peak of 3.6K tons, and then reduced in the following year.
In value terms, spices; mixtures imports totaled $16M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Spices; Mixtures in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3,033 | 3,534 | 4,671 | 4,560 | 14.6% |
| United States | 1,863 | 1,676 | 1,977 | 2,045 | 3.2% |
| Pakistan | 1,868 | 1,460 | 1,637 | 1,840 | -0.5% |
| China | 855 | 718 | 858 | 1,386 | 17.5% |
| United Arab Emirates | 2.5 | N/A | 19.6 | 875 | 604.7% |
| Colombia | 655 | 543 | 630 | 715 | 3.0% |
| Sri Lanka | 448 | 468 | 669 | 521 | 5.2% |
| Thailand | 659 | 635 | 880 | 465 | -11.0% |
| Philippines | 361 | 262 | 185 | 386 | 2.3% |
| Lebanon | 430 | 286 | 356 | 346 | -7.0% |
| Jordan | 64.9 | 172 | 257 | 293 | 65.3% |
| Nigeria | 31.1 | 54.0 | 60.0 | 87.1 | 41.0% |
| Others | 2,376 | 2,989 | 3,794 | 2,664 | 3.9% |
| Total | 12,645 | 12,797 | 15,993 | 16,183 | 8.6% |
Top Suppliers of Spices; Mixtures to Canada in 2022:
- India (1065.5 tons)
- United States (293.8 tons)
- China (288.8 tons)
- Pakistan (262.5 tons)
- Colombia (191.2 tons)
- United Arab Emirates (128.9 tons)
- Thailand (122.2 tons)
- Nigeria (113.5 tons)
- Sri Lanka (95.7 tons)
- Lebanon (55.0 tons)
- Philippines (50.9 tons)
- Jordan (49.9 tons)
Spices; Mixtures Exports in Canada
In 2022, overseas shipments of spices; mixtureses decreased by -7.9% to 236 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. As a result, the exports attained the peak of 280 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports declined to $1.4M in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 31%. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Mixtures in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,065 | 1,388 | 1,517 | 1,232 | 5.0% |
| United Kingdom | 100 | 119 | 36.5 | 60.0 | -15.7% |
| Japan | 26.4 | 30.3 | 12.1 | 30.0 | 4.4% |
| Trinidad and Tobago | 8.0 | 3.5 | N/A | 21.2 | 38.4% |
| France | 7.5 | 3.8 | 8.5 | 18.5 | 35.1% |
| New Zealand | N/A | 62.2 | N/A | N/A | 0% |
| Others | 37.5 | 25.9 | 39.8 | 19.4 | -19.7% |
| Total | 1,244 | 1,633 | 1,614 | 1,381 | 3.5% |
Top Export Markets for Spices; Mixtures from Canada in 2022:
- United States (193.3 tons)
- United Kingdom (17.1 tons)
- Japan (8.5 tons)
- Trinidad and Tobago (5.8 tons)
- France (5.3 tons)
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