Spices; Mixtures Price in Switzerland - 2023
Contents:
- Spices; Mixtures Price in Switzerland (CIF) - 2023
- Spices; Mixtures Price in Switzerland (FOB) - 2023
- Spices; Mixtures Imports in Switzerland
- Spices; Mixtures Exports in Switzerland
Spices; Mixtures Price in Switzerland (CIF) - 2023
In August 2023, the average spices; mixtures import price amounted to $14,419 per ton, rising by 6.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in November 2022 an increase of 36% month-to-month. As a result, import price attained the peak level of $19,567 per ton. From December 2022 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($56,846 per ton), while the price for Sri Lanka ($4,958 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Switzerland (FOB) - 2023
In August 2023, the average spices; mixtures export price amounted to $24,150 per ton, picking up by 27% against the previous month. In general, export price indicated a moderate expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, spices; mixtures export price increased by +26.9% against July 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 73% m-o-m. The export price peaked at $37,312 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was France ($34,608 per ton), while the average price for exports to Serbia ($7,087 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Switzerland
In 2022, supplies from abroad of spices; mixtureses decreased by -10.1% to 631 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 13%.
In value terms, spices; mixtures imports reduced to $9.2M in 2022. The total import value increased at an average annual rate of +9.2% over the period 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 2020 when imports increased by 29% against the previous year.
| Import of Spices; Mixtures in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,345 | 4,332 | 6,206 | 4,867 | 13.3% |
| Italy | 1,423 | 1,918 | 1,189 | 1,617 | 4.4% |
| France | 473 | 498 | 523 | 564 | 6.0% |
| Sri Lanka | 344 | 353 | 740 | 478 | 11.6% |
| Austria | 312 | 302 | 357 | 285 | -3.0% |
| India | 205 | 242 | 303 | 264 | 8.8% |
| Netherlands | 247 | 223 | 152 | 176 | -10.7% |
| United Kingdom | 159 | 344 | 386 | 137 | -4.8% |
| Turkey | 23.5 | 75.5 | 46.5 | 82.1 | 51.7% |
| Tunisia | 86.4 | 74.7 | 56.5 | 49.3 | -17.1% |
| Others | 440 | 760 | 627 | 663 | 14.6% |
| Total | 7,058 | 9,122 | 10,586 | 9,185 | 9.2% |
Top Suppliers of Spices; Mixtures to Switzerland in 2022:
- Germany (343.8 tons)
- Sri Lanka (63.4 tons)
- France (48.4 tons)
- India (35.4 tons)
- Italy (28.0 tons)
- Netherlands (27.8 tons)
- Turkey (14.3 tons)
- Tunisia (11.2 tons)
- Austria (11.1 tons)
- United Kingdom (7.6 tons)
Spices; Mixtures Exports in Switzerland
In 2022, after three years of growth, there was decline in shipments abroad of spices; mixtureses, when their volume decreased by -2.2% to 138 tons. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 141 tons, and then declined in the following year.
In value terms, spices; mixtures exports shrank to $2.9M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports attained the peak of $3.3M, and then dropped in the following year.
| Export of Spices; Mixtures in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,254 | 1,426 | 1,814 | 1,453 | 5.0% |
| Norway | 281 | 476 | 287 | 518 | 22.6% |
| Netherlands | 302 | 341 | 411 | 387 | 8.6% |
| Austria | 127 | 80.4 | 78.8 | 126 | -0.3% |
| Sweden | 170 | 108 | 100 | 68.0 | -26.3% |
| France | 310 | 80.5 | 47.6 | 51.8 | -44.9% |
| Sri Lanka | N/A | N/A | N/A | 9.9 | 0% |
| Others | 250 | 153 | 522 | 238 | -1.6% |
| Total | 2,695 | 2,664 | 3,260 | 2,853 | 1.9% |
Top Export Markets for Spices; Mixtures from Switzerland in 2022:
- Germany (86.2 tons)
- Netherlands (16.1 tons)
- Norway (15.8 tons)
- Austria (6.5 tons)
- Sri Lanka (4.5 tons)
- Sweden (2.2 tons)
- France (1.6 tons)
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