Spices; Mixtures Price in Paraguay - 2024
Contents:
Spices; Mixtures Price in Paraguay (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $12,484 per ton, growing by 32% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures import price increased by +32.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40% against the previous year. Over the period under review, average import prices hit record highs at $13,992 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($37,174 per ton), while the price for Spain ($7,963 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Imports in Paraguay
In 2022, supplies from abroad of spices; mixtureses decreased by -99.3% to 3.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 422%.
In value terms, spices; mixtures imports fell markedly to $39K in 2022. Over the period under review, imports showed a precipitous contraction. The pace of growth was the most pronounced in 2020 when imports increased by 251%.
| Import of Spices; Mixtures in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 4.5 | 13.6 | 20.0 | 34.8 | 97.8% |
| Brazil | 0.3 | 0.3 | 2.9 | 3.4 | 124.6% |
| Spain | 6.0 | 15.4 | 6.9 | 0.4 | -59.5% |
| Austria | 421 | 279 | 880 | N/A | 44.6% |
| Lebanon | 8.6 | 7.4 | 9.4 | N/A | 4.5% |
| India | 6.6 | 6.5 | 1.6 | N/A | -50.8% |
| Others | 437 | 2,783 | 3,560 | N/A | 185.4% |
| Total | 885 | 3,105 | 4,481 | 38.7 | -64.8% |
Top Suppliers of Spices; Mixtures to Paraguay in 2022:
- Argentina (3.0 tons)
- Brazil (0.1 tons)
- Spain (0.1 tons)
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