Spices; Mixtures Price in Greece - 2023
Contents:
- Spices; Mixtures Price in Greece (CIF) - 2023
- Spices; Mixtures Price in Greece (FOB) - 2022
- Spices; Mixtures Imports in Greece
- Spices; Mixtures Exports in Greece
Spices; Mixtures Price in Greece (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $6,982 per ton, waning by -3.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 33% month-to-month. The import price peaked at $8,858 per ton in July 2022; however, from August 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 Turkey ($26,422 per ton), while the price for Bulgaria ($3,318 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 North Macedonia (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Greece (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $7,301 per ton, increasing by 40% against the previous year. In general, the export price recorded a modest expansion. Over the period under review, the average export prices attained the peak figure at $9,122 per ton in 2014; however, from 2015 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 Saudi Arabia ($29,416 per ton), while the average price for exports to Bulgaria ($1,782 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 Albania (+1.2%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Imports in Greece
After three years of growth, purchases abroad of spices; mixtureses decreased by -24.5% to 297 tons in 2022. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports reached the peak of 393 tons, and then declined rapidly in the following year.
In value terms, spices; mixtures imports fell notably to $1.6M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of $2M, and then dropped sharply in the following year.
| Import of Spices; Mixtures in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 586 | 500 | 709 | 600 | 0.8% |
| Pakistan | 3.0 | 49.2 | 233 | 148 | 266.8% |
| Netherlands | 146 | 178 | 193 | 136 | -2.3% |
| India | 61.1 | 91.3 | 221 | 133 | 29.6% |
| Bulgaria | 121 | 182 | 136 | 120 | -0.3% |
| Croatia | 108 | 168 | 163 | 118 | 3.0% |
| Austria | 120 | 120 | 68.6 | 45.5 | -27.6% |
| Poland | 24.2 | 51.9 | 86.1 | 43.9 | 22.0% |
| United Kingdom | 133 | 69.7 | 15.8 | 1.2 | -79.2% |
| Others | 138 | 204 | 223 | 216 | 16.1% |
| Total | 1,441 | 1,613 | 2,049 | 1,562 | 2.7% |
Top Suppliers of Spices; Mixtures to Greece in 2022:
- Germany (97.4 tons)
- India (63.3 tons)
- Pakistan (30.0 tons)
- Bulgaria (27.7 tons)
- Croatia (20.8 tons)
- Netherlands (19.4 tons)
- Poland (8.4 tons)
- Austria (5.4 tons)
- United Kingdom (0.1 tons)
Spices; Mixtures Exports in Greece
In 2022, the amount of spices; mixtureses exported from Greece skyrocketed to 245 tons, picking up by 42% compared with the previous year. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 326% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, spices; mixtures exports soared to $1.8M in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 340%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Spices; Mixtures in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 55.6 | 25.3 | 510 | 689 | 131.4% |
| Cyprus | 43.7 | 53.3 | 34.3 | 386 | 106.7% |
| Saudi Arabia | N/A | N/A | N/A | 350 | 0% |
| Netherlands | 0.1 | 0.4 | 0.2 | 59.9 | 743.0% |
| Italy | 16.8 | N/A | 51.4 | 46.1 | 40.0% |
| Albania | 14.0 | 39.7 | 27.7 | 19.7 | 12.1% |
| Bulgaria | 20.0 | 29.1 | 19.1 | 12.7 | -14.0% |
| Brazil | 25.0 | N/A | N/A | N/A | 0% |
| Others | 26.6 | 56.0 | 253 | 222 | 102.8% |
| Total | 202 | 204 | 896 | 1,786 | 106.8% |
Top Export Markets for Spices; Mixtures from Greece in 2022:
- Germany (152.0 tons)
- Cyprus (37.6 tons)
- Saudi Arabia (11.9 tons)
- Italy (11.7 tons)
- Bulgaria (7.2 tons)
- Netherlands (6.7 tons)
- Albania (4.2 tons)
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