Spices; Mixtures Price in Denmark - 2023
Contents:
- Spices; Mixtures Price in Denmark (CIF) - 2023
- Spices; Mixtures Price in Denmark (FOB) - 2023
- Spices; Mixtures Imports in Denmark
- Spices; Mixtures Exports in Denmark
Spices; Mixtures Price in Denmark (CIF) - 2023
The average spices; mixtures import price stood at $10,580 per ton in June 2023, picking up by 23% against the previous month. Overall, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in October 2022 an increase of 49% against the previous month. Over the period under review, average import prices attained the peak figure at $12,169 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($50,812 per ton), while the price for India ($3,372 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 France (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Denmark (FOB) - 2023
The average spices; mixtures export price stood at $7,839 per ton in June 2023, with a decrease of -1.8% against the previous month. Overall, export price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, spices; mixtures export price increased by +18.8% against April 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 38% m-o-m. As a result, the export price reached the peak level of $9,995 per ton. From March 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 Iceland ($49,802 per ton), while the average price for exports to Poland ($4,130 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 Iceland (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Denmark
Spices; mixtures imports into Denmark dropped sharply to 562 tons in 2022, shrinking by -51.2% against 2021. Overall, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports attained the peak of 1.2K tons, and then dropped notably in the following year.
In value terms, spices; mixtures imports declined remarkably to $4.6M in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of $9.3M, and then fell remarkably in the following year.
| Import of Spices; Mixtures in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 2,364 | 2,654 | 3,178 | 2,360 | -0.1% |
| Germany | 1,336 | 1,152 | 1,988 | 1,242 | -2.4% |
| Sri Lanka | 65.9 | 64.0 | 238 | 145 | 30.1% |
| Spain | 82.4 | 65.7 | 129 | 119 | 13.0% |
| Netherlands | 402 | 311 | 1,819 | 117 | -33.7% |
| France | 81.2 | 117 | 116 | 106 | 9.3% |
| Austria | 448 | 574 | 160 | 100 | -39.3% |
| Pakistan | 116 | 7.4 | 55.4 | 87.5 | -9.0% |
| Poland | 17.6 | 17.8 | 684 | 82.6 | 67.4% |
| United Kingdom | 1,088 | 1,229 | 131 | 71.3 | -59.7% |
| Thailand | 26.9 | 25.1 | 56.9 | 64.5 | 33.8% |
| India | 103 | 207 | 218 | 46.3 | -23.4% |
| Estonia | 203 | 306 | 267 | 4.7 | -71.5% |
| Others | 197 | 187 | 305 | 102 | -19.7% |
| Total | 6,530 | 6,916 | 9,347 | 4,649 | -10.7% |
Top Suppliers of Spices; Mixtures to Denmark in 2022:
- Sweden (209.6 tons)
- Germany (142.2 tons)
- Sri Lanka (38.7 tons)
- Spain (30.9 tons)
- United Kingdom (21.4 tons)
- France (18.1 tons)
- Austria (16.5 tons)
- Poland (16.1 tons)
- Netherlands (15.6 tons)
- Pakistan (14.3 tons)
- India (14.0 tons)
- Thailand (11.0 tons)
- Estonia (1.4 tons)
Spices; Mixtures Exports in Denmark
For the third year in a row, Denmark recorded decline in shipments abroad of spices; mixtureses, which decreased by -18.6% to 182 tons in 2022. In general, exports faced a abrupt curtailment. The smallest decline of -10.4% was in 2021.
In value terms, spices; mixtures exports fell dramatically to $1.1M in 2022. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 1.8% against the previous year.
| Export of Spices; Mixtures in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 594 | 704 | 941 | 580 | -0.8% |
| Iceland | 212 | 135 | 154 | 122 | -16.8% |
| Sweden | 120 | 91.0 | 91.3 | 85.3 | -10.8% |
| Poland | 40.1 | 82.4 | 72.7 | 58.2 | 13.2% |
| Greenland | 78.5 | 83.6 | 86.7 | 55.6 | -10.9% |
| Netherlands | 63.3 | 43.9 | 11.6 | 40.5 | -13.8% |
| France | 65.5 | 102 | 29.6 | 36.1 | -18.0% |
| Faroe Islands | 84.8 | 51.9 | 59.6 | 34.0 | -26.3% |
| Germany | 283 | 222 | 64.8 | 29.7 | -52.8% |
| Finland | 13.2 | 5.1 | 22.6 | 27.7 | 28.0% |
| United Kingdom | 26.2 | 20.2 | 23.5 | 19.6 | -9.2% |
| Ireland | 37.3 | 20.0 | 36.7 | N/A | -0.8% |
| Others | 118 | 54.6 | 51.8 | 48.2 | -25.8% |
| Total | 1,736 | 1,616 | 1,645 | 1,137 | -13.2% |
Top Export Markets for Spices; Mixtures from Denmark in 2022:
- Norway (99.5 tons)
- Iceland (16.0 tons)
- Sweden (12.3 tons)
- Poland (12.0 tons)
- Germany (8.0 tons)
- France (6.7 tons)
- Netherlands (5.7 tons)
- Finland (5.3 tons)
- Greenland (5.1 tons)
- United Kingdom (3.3 tons)
- Faroe Islands (2.6 tons)
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