Spices; Mixtures Price in Sweden - 2023
Contents:
- Spices; Mixtures Price in Sweden (CIF) - 2022
- Spices; Mixtures Price in Sweden (FOB) - 2023
- Spices; Mixtures Imports in Sweden
- Spices; Mixtures Exports in Sweden
Spices; Mixtures Price in Sweden (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $4,763 per ton, with an increase of 3.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. The import price peaked at $4,981 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($14,076 per ton), while the price for Greece ($372 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Sweden (FOB) - 2023
The average spices; mixtures export price stood at $10,620 per ton in June 2023, rising by 13% against the previous month. In general, export price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. 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 +19.6% against April 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 84% month-to-month. Over the period under review, the average export prices reached the peak figure at $13,920 per ton in March 2023; however, from April 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Finland ($14,638 per ton), while the average price for exports to the UK ($3,028 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 Finland (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Sweden
In 2022, spices; mixtures imports into Sweden stood at 2.2K tons, leveling off at the previous year. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, spices; mixtures imports expanded significantly to $10M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Mixtures in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,375 | 1,934 | 2,367 | 3,016 | 8.3% |
| Netherlands | 1,002 | 1,396 | 1,580 | 2,068 | 27.3% |
| Germany | 266 | 566 | 991 | 1,592 | 81.6% |
| Estonia | 204 | 576 | 691 | 698 | 50.7% |
| Denmark | 493 | 513 | 795 | 585 | 5.9% |
| Austria | 48.6 | 146 | 1,332 | 535 | 122.5% |
| Serbia | N/A | 125 | 125 | 133 | 3.2% |
| Greece | N/A | 4.4 | 78.4 | 46.2 | 224.0% |
| Others | 1,081 | 1,674 | 1,806 | 1,605 | 14.1% |
| Total | 5,469 | 6,934 | 9,766 | 10,278 | 23.4% |
Top Suppliers of Spices; Mixtures to Sweden in 2022:
- Spain (652.9 tons)
- Netherlands (543.2 tons)
- Germany (191.5 tons)
- Estonia (157.0 tons)
- Greece (124.1 tons)
- Denmark (102.0 tons)
- Serbia (89.0 tons)
- Austria (38.0 tons)
Spices; Mixtures Exports in Sweden
In 2022, shipments abroad of spices; mixtureses decreased by -24.3% to 344 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 7.4%. As a result, the exports reached the peak of 547 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports contracted dramatically to $3.1M in 2022. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 12%. As a result, the exports attained the peak of $4.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Mixtures in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 1,534 | 1,576 | 1,449 | 1,225 | -7.2% |
| Norway | 1,376 | 1,992 | 1,469 | 1,135 | -6.2% |
| Finland | 542 | 430 | 436 | 428 | -7.6% |
| Germany | 51.8 | 65.3 | 102 | 88.5 | 19.5% |
| Estonia | 245 | 169 | 115 | 80.0 | -31.1% |
| United Kingdom | 13.7 | 11.4 | 21.6 | 27.0 | 25.4% |
| Poland | 40.4 | 23.1 | 18.0 | 14.2 | -29.4% |
| Others | 95.7 | 109 | 134 | 73.0 | -8.6% |
| Total | 3,898 | 4,376 | 3,744 | 3,071 | -7.6% |
Top Export Markets for Spices; Mixtures from Sweden in 2022:
- Norway (186.0 tons)
- Denmark (87.5 tons)
- Finland (29.1 tons)
- Germany (12.0 tons)
- Estonia (10.0 tons)
- United Kingdom (5.3 tons)
- Poland (4.0 tons)
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