Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark (CIF) - 2023
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark (CIF) - 2023
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,805 per ton in October 2023, which is down by -16.2% against the previous month. In general, import price indicated moderate growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; fruits of the genus capsicum or pimenta, crushed or ground increased by +4.1% against July 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 40% m-o-m. Over the period under review, average import prices hit record highs at $7,996 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($9,873 per ton), while the price for Spain ($3,619 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 India (+13.2%), 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 Denmark (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $7,663 per ton, falling by -4.2% against the previous year. In general, the export price showed a noticeable setback. The growth pace was the most rapid in 2018 an increase of 50%. The export price peaked at $16,080 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($12,398 per ton), while the average price for exports to Norway ($5,079 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 Germany (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Denmark skyrocketed to 920 tons, jumping by 27% compared with 2021 figures. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. 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 modestly to $5.3M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Over the period under review, imports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 671 | 789 | 1,148 | 1,923 | 42.0% |
| Germany | 980 | 1,080 | 1,836 | 1,436 | 13.6% |
| Sweden | 953 | 1,126 | 1,132 | 945 | -0.3% |
| Netherlands | 179 | 155 | 102 | 252 | 12.1% |
| Italy | N/A | 1.6 | 0.7 | 139 | 832.1% |
| Poland | 3.0 | 1.6 | 73.4 | 68.2 | 183.3% |
| India | 68.6 | 145 | 124 | 42.3 | -14.9% |
| China | 212 | 206 | 178 | N/A | -8.4% |
| Others | 236 | 352 | 500 | 485 | 27.1% |
| Total | 3,303 | 3,858 | 5,094 | 5,290 | 17.0% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Denmark in 2022:
- Spain (586.2 tons)
- Germany (150.0 tons)
- Sweden (37.3 tons)
- Netherlands (31.5 tons)
- Italy (17.0 tons)
- Poland (15.0 tons)
- India (10.8 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark
Exports of spices; fruits of the genus capsicum or pimenta, crushed or ground from Denmark skyrocketed to 91 tons in 2022, jumping by 58% against the previous year's figure. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 59%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground attained the maximum in 2022 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 skyrocketed to $699K in 2022. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 52%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 106 | 128 | 143 | 251 | 33.3% |
| Norway | 62.3 | 185 | 117 | 161 | 37.2% |
| France | 9.5 | 22.4 | 41.8 | 64.6 | 89.5% |
| Finland | 8.8 | 12.0 | 22.3 | 40.1 | 65.8% |
| Greenland | 45.6 | 48.3 | 35.9 | 39.9 | -4.4% |
| Germany | 16.8 | 17.4 | 16.3 | 34.9 | 27.6% |
| Faroe Islands | 30.6 | 25.8 | 30.3 | 29.3 | -1.4% |
| Poland | 2.2 | 6.5 | 5.9 | 8.8 | 58.7% |
| Iceland | 21.7 | 14.5 | 11.5 | 8.7 | -26.3% |
| Spain | 14.3 | 22.2 | 4.1 | 0.6 | -65.3% |
| Others | 13.2 | 20.7 | 32.4 | 60.5 | 66.1% |
| Total | 331 | 503 | 461 | 699 | 28.3% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Denmark in 2022:
- Norway (31.6 tons)
- Sweden (27.4 tons)
- France (8.7 tons)
- Finland (4.8 tons)
- Germany (4.1 tons)
- Greenland (3.4 tons)
- Faroe Islands (2.4 tons)
- Iceland (1.7 tons)
- Poland (1.5 tons)
- Spain (0.3 tons)
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