Spices; Mixtures Price in Portugal - 2023
Contents:
- Spices; Mixtures Price in Portugal (CIF) - 2023
- Spices; Mixtures Price in Portugal (FOB) - 2022
- Spices; Mixtures Imports in Portugal
- Spices; Mixtures Exports in Portugal
Spices; Mixtures Price in Portugal (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $4,710 per ton, growing by 61% against the previous month. Overall, the import price enjoyed a temperate increase. The growth pace was the most rapid in November 2022 an increase of 127% m-o-m. As a result, import price reached the peak level of $6,343 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($14,365 per ton), while the price for Spain ($3,744 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 France (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Portugal (FOB) - 2022
The average spices; mixtures export price stood at $7,534 per ton in 2022, reducing by -31.5% against the previous year. Over the period under review, the export price, however, saw notable growth. The pace of growth appeared the most rapid in 2017 an increase of 83% against the previous year. The export price peaked at $11,002 per ton in 2021, and then shrank dramatically in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($13,767 per ton), while the average price for exports to Cyprus ($3,321 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 Spain (+0.3%), while the prices for the other major destinations experienced a decline.
Spices; Mixtures Imports in Portugal
In 2022, after two years of decline, there was significant growth in supplies from abroad of spices; mixtureses, when their volume increased by 82% to 1.5K tons. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; mixtures imports rose sharply to $5.1M in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.2 | 3.0 | 2.9 | 3.2 | 0.0% |
| France | 0.9 | 1.0 | 1.1 | 0.8 | -3.9% |
| Germany | 0.5 | 0.5 | 0.4 | 0.8 | 17.0% |
| United Kingdom | 0.3 | 0.3 | N/A | N/A | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Total | 5.0 | 5.0 | 4.7 | 5.1 | 0.7% |
Top Suppliers of Spices; Mixtures to Portugal in 2022:
- Spain (1355.2 tons)
- France (93.7 tons)
- Germany (43.8 tons)
- United Kingdom (3.3 tons)
Spices; Mixtures Exports in Portugal
In 2022, the amount of spices; mixtureses exported from Portugal soared to 89 tons, with an increase of 24% against 2021 figures. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +83.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, spices; mixtures exports dropped markedly to $668K in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 76%. As a result, the exports reached the peak of $788K, and then contracted dramatically in the following year.
| Export of Spices; Mixtures in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 237 | 332 | 342 | 347 | 13.6% |
| France | 16.3 | 26.0 | 239 | 104 | 85.5% |
| Angola | 65.4 | 11.9 | 48.5 | 69.1 | 1.9% |
| Cabo Verde | 39.6 | 36.7 | 42.0 | 31.3 | -7.5% |
| Luxembourg | 3.5 | 1.4 | 2.2 | 21.0 | 81.7% |
| United Kingdom | 10.2 | 4.6 | 6.5 | 8.6 | -5.5% |
| Cyprus | N/A | N/A | N/A | 6.7 | 0% |
| Belgium | 26.7 | 0.3 | 5.7 | 4.7 | -44.0% |
| Others | 27.0 | 33.9 | 102 | 75.3 | 40.8% |
| Total | 426 | 447 | 788 | 668 | 16.2% |
Top Export Markets for Spices; Mixtures from Portugal in 2022:
- Spain (46.4 tons)
- Angola (12.1 tons)
- France (11.5 tons)
- Cabo Verde (7.0 tons)
- Luxembourg (4.2 tons)
- Cyprus (2.0 tons)
- Belgium (1.3 tons)
- United Kingdom (0.6 tons)
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