Spices; Mixtures Price in Spain - 2023
Contents:
- Spices; Mixtures Price in Spain (FOB) - 2022
- Spices; Mixtures Price in Spain (CIF) - 2022
- Spices; Mixtures Exports in Spain
- Spices; Mixtures Imports in Spain
Spices; Mixtures Price in Spain (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $3,738 per ton, declining by -11.3% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 10% against the previous year. As a result, the export price attained the peak level of $4,214 per ton, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($5,355 per ton), while the average price for exports to Belgium ($2,522 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 the Netherlands (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Spain (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $2,989 per ton, with a decrease of -4.3% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $5,208 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($11,975 per ton), while the price for the Netherlands ($1,286 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Spain
In 2022, overseas shipments of spices; mixtureses decreased by -20.2% to 4.7K tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -34.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 77% against the previous year. As a result, the exports reached the peak of 7.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports reduced remarkably to $18M in 2022. Over the period under review, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 77%. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Mixtures in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.2 | 9.7 | 5.8 | 6.1 | 5.5% |
| France | 5.2 | 8.1 | 9.2 | 3.4 | -13.2% |
| United Kingdom | 0.4 | 2.1 | 1.1 | 1.5 | 55.4% |
| Germany | 0.1 | 1.3 | 1.7 | 1.2 | 128.9% |
| Netherlands | 1.0 | 1.6 | 1.2 | 1.0 | 0.0% |
| Portugal | 0.3 | 0.4 | 0.9 | 0.6 | 26.0% |
| Canada | 0.5 | 0.6 | 0.5 | 0.4 | -7.2% |
| Sweden | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
| Estonia | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Belgium | 0.7 | 0.9 | 0.9 | 0.2 | -34.1% |
| Others | 1.5 | 1.9 | 2.8 | 2.4 | 17.0% |
| Total | 15.6 | 27.5 | 24.8 | 17.5 | 3.9% |
Top Export Markets for Spices; Mixtures from Spain in 2022:
- United States (1667.7 tons)
- France (1085.8 tons)
- United Kingdom (329.5 tons)
- Netherlands (293.3 tons)
- Germany (291.4 tons)
- Sweden (120.6 tons)
- Portugal (117.6 tons)
- Canada (94.7 tons)
- Belgium (92.8 tons)
- Estonia (79.8 tons)
Spices; Mixtures Imports in Spain
In 2022, approx. 2.4K tons of spices; mixtureses were imported into Spain; dropping by -4.4% on 2021 figures. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, imports reached the peak of 2.5K tons, and then dropped in the following year.
In value terms, spices; mixtures imports reduced to $7.1M in 2022. The total import value increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $7.8M, and then shrank in the following year.
| Import of Spices; Mixtures in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,085 | 1,487 | 2,052 | 2,977 | 40.0% |
| Netherlands | 381 | 372 | 914 | 1,593 | 61.1% |
| Italy | 960 | 1,436 | 1,273 | 594 | -14.8% |
| India | 117 | 159 | 308 | 577 | 70.2% |
| France | 636 | 907 | 310 | 463 | -10.0% |
| United Kingdom | 364 | 307 | 86.5 | 78.0 | -40.2% |
| Belgium | 1,802 | 1,585 | 2,264 | 5.2 | -85.8% |
| Others | 395 | 353 | 602 | 855 | 29.4% |
| Total | 5,738 | 6,606 | 7,810 | 7,143 | 7.6% |
Top Suppliers of Spices; Mixtures to Spain in 2022:
- Netherlands (1238.8 tons)
- Germany (704.1 tons)
- India (224.5 tons)
- Italy (49.6 tons)
- United Kingdom (48.4 tons)
- France (40.9 tons)
- Belgium (2.3 tons)
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