Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (FOB) - 2023
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (CIF) - 2023
In October 2023, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $4,343 per ton, approximately equating the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 an increase of 9% against the previous month. As a result, import price reached the peak level of $4,807 per ton. From May 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Turkey ($7,516 per ton), while the price for China ($3,864 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (FOB) - 2023
The average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $8,430 per ton in October 2023, growing by 8.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The growth pace was the most rapid in November 2022 when the average export price increased by 17% m-o-m. Over the period under review, the average export prices reached the peak figure at $8,655 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Switzerland ($15,390 per ton), while the average price for exports to Ukraine ($5,371 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Austria skyrocketed to 4.8K tons, surging by 16% on 2021. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded significantly to $18M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.2 | 9.2 | 9.7 | 11.7 | 23.6% |
| Germany | 0.7 | 3.4 | 3.7 | 3.9 | 77.3% |
| China | 3.0 | 0.7 | 1.0 | 0.7 | -38.4% |
| Netherlands | N/A | 0.2 | 0.8 | 0.5 | 58.1% |
| Hungary | 0.6 | 0.6 | 0.5 | 0.5 | -5.9% |
| Israel | 1.0 | 0.7 | N/A | N/A | -30.0% |
| Others | 1.5 | 0.4 | 0.6 | 0.6 | -26.3% |
| Total | 13.1 | 15.2 | 16.4 | 18.0 | 11.2% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Austria in 2022:
- Spain (3782.1 tons)
- Germany (532.4 tons)
- China (153.8 tons)
- Netherlands (147.1 tons)
- Hungary (73.5 tons)
- Israel (0.8 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria
For the fourth year in a row, Austria recorded growth in overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 23% to 1.9K tons in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground totaled $12M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.8 | 3.0 | 3.7 | 4.7 | 37.7% |
| Germany | 1.8 | 2.0 | 2.4 | 2.3 | 8.5% |
| Czech Republic | 0.5 | 0.7 | 0.7 | 0.9 | 21.6% |
| Poland | 0.6 | 0.7 | 0.7 | 0.7 | 5.3% |
| Hungary | 0.6 | 0.7 | 0.6 | 0.6 | 0.0% |
| Slovenia | 0.5 | 0.5 | 0.5 | 0.4 | -7.2% |
| Bulgaria | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Slovakia | 0.3 | 0.4 | 0.3 | 0.2 | -12.6% |
| Others | 1.7 | 1.8 | 2.2 | 2.0 | 5.6% |
| Total | 8.0 | 10.0 | 11.4 | 12.1 | 14.8% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Austria in 2022:
- Russia (747.0 tons)
- Germany (362.5 tons)
- Czech Republic (173.7 tons)
- Poland (120.8 tons)
- Slovenia (89.2 tons)
- Hungary (69.8 tons)
- Bulgaria (35.1 tons)
- Slovakia (29.7 tons)
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