Spices; Mixtures Price in the Czech Republic - 2023
Contents:
- Spices; Mixtures Price in the Czech Republic (CIF) - 2023
- Spices; Mixtures Price in the Czech Republic (FOB) - 2022
- Spices; Mixtures Imports in the Czech Republic
- Spices; Mixtures Exports in the Czech Republic
Spices; Mixtures Price in the Czech Republic (CIF) - 2023
The average spices; mixtures import price stood at $9,061 per ton in June 2023, surging by 18% against the previous month. Over the period under review, import price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.0% 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 import price increased by +27.7% against April 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 55% against the previous month. As a result, import price attained the peak level of $9,685 per ton. From September 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($15,397 per ton), while the price for Slovakia ($5,008 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 the Netherlands (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in the Czech Republic (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $6,688 per ton, with a decrease of -21.3% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $10,732 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($20,488 per ton), while the average price for exports to Germany ($5,136 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 Romania (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in the Czech Republic
Spices; mixtures imports into the Czech Republic surged to 785 tons in 2022, with an increase of 25% compared with the year before. The total import volume increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports declined to $5.2M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports attained the peak of $5.2M, and then dropped in the following year.
| Import of Spices; Mixtures in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,347 | 1,377 | 1,661 | 1,755 | 9.2% |
| Austria | 802 | 1,313 | 1,562 | 1,543 | 24.4% |
| Slovakia | 834 | 591 | 539 | 624 | -9.2% |
| Netherlands | 131 | 160 | 218 | 292 | 30.6% |
| Poland | 795 | 398 | 492 | 281 | -29.3% |
| India | 103 | 115 | 170 | 156 | 14.8% |
| France | 16.7 | 7.2 | 9.8 | 131 | 98.7% |
| Belgium | 284 | 129 | 117 | 20.9 | -58.1% |
| Others | 320 | 404 | 475 | 368 | 4.8% |
| Total | 4,634 | 4,494 | 5,242 | 5,172 | 3.7% |
Top Suppliers of Spices; Mixtures to the Czech Republic in 2022:
- Germany (276.8 tons)
- Austria (206.9 tons)
- Slovakia (116.2 tons)
- Poland (45.1 tons)
- Netherlands (43.9 tons)
- India (32.1 tons)
- France (19.2 tons)
- Belgium (4.2 tons)
Spices; Mixtures Exports in the Czech Republic
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; mixtureses, when their volume decreased by -5.7% to 573 tons. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 increased by +72.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 65% against the previous year.
In value terms, spices; mixtures exports fell rapidly to $3.8M in 2022. In general, exports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $5.2M, and then fell markedly in the following year.
| Export of Spices; Mixtures in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,376 | 1,987 | 3,657 | 2,428 | 20.8% |
| Austria | 518 | 653 | 802 | 743 | 12.8% |
| Slovakia | 249 | 256 | 364 | 346 | 11.6% |
| Norway | 57.5 | 64.3 | 67.5 | 80.6 | 11.9% |
| Others | 330 | 255 | 276 | 233 | -11.0% |
| Total | 2,530 | 3,216 | 5,167 | 3,830 | 14.8% |
Top Export Markets for Spices; Mixtures from the Czech Republic in 2022:
- Germany (472.7 tons)
- Austria (36.3 tons)
- Slovakia (31.7 tons)
- Norway (10.3 tons)
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