Spices; Mixtures Price in Ireland - 2023
Contents:
- Spices; Mixtures Price in Ireland (CIF) - 2023
- Spices; Mixtures Price in Ireland (FOB) - 2022
- Spices; Mixtures Imports in Ireland
- Spices; Mixtures Exports in Ireland
Spices; Mixtures Price in Ireland (CIF) - 2023
The average spices; mixtures import price stood at $6,150 per ton in June 2023, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 27% against the previous month. Over the period under review, average import prices reached the peak figure at $8,263 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($20,569 per ton), while the price for Pakistan ($2,848 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 Spain (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Ireland (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $3,246 per ton, with a decrease of -42.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 104% against the previous year. As a result, the export price reached the peak level of $5,655 per ton, and then shrank notably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($3,387 per ton), while the average price for exports to the United States totaled $2,849 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-0.4%).
Spices; Mixtures Imports in Ireland
In 2022, overseas purchases of spices; mixtureses decreased by 0% to 622 tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 113% against the previous year. As a result, imports reached the peak of 1.6K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; mixtures imports stood at $3.8M in 2022. In general, imports saw a pronounced decline. The growth pace was the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of $5.8M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Mixtures in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,857 | 4,585 | N/A | 2,202 | -8.3% |
| Austria | 292 | 251 | N/A | 505 | 20.0% |
| Netherlands | 315 | 178 | N/A | 279 | -4.0% |
| Pakistan | N/A | N/A | N/A | 263 | 0% |
| India | 27.7 | 59.5 | N/A | 114 | 60.3% |
| Spain | 24.9 | 37.0 | N/A | 49.1 | 25.4% |
| Croatia | 3.8 | N/A | N/A | 45.8 | 129.3% |
| Others | 661 | 686 | N/A | 346 | -19.4% |
| Total | 4,181 | 5,796 | N/A | 3,804 | -3.1% |
Top Suppliers of Spices; Mixtures to Ireland in 2022:
- United Kingdom (366.9 tons)
- Austria (80.9 tons)
- Netherlands (49.8 tons)
- Pakistan (34.9 tons)
- India (23.5 tons)
- Spain (14.6 tons)
- Croatia (12.3 tons)
Spices; Mixtures Exports in Ireland
In 2022, exports of spices; mixtureses from Ireland skyrocketed to 101 tons, increasing by 90% on the previous year's figure. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures exports reached $326K in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 154%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Spices; Mixtures in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 56.0 | 33.2 | N/A | 231 | 60.4% |
| United States | 39.3 | 53.3 | N/A | 80.8 | 27.2% |
| United Arab Emirates | 19.2 | 31.1 | 299 | 6.1 | -31.8% |
| Others | 4.0 | 0.1 | N/A | 8.8 | 30.1% |
| Total | 118 | 118 | 299 | 326 | 40.3% |
Top Export Markets for Spices; Mixtures from Ireland in 2022:
- United Kingdom (68.1 tons)
- United States (28.4 tons)
- United Arab Emirates (1.1 tons)
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