Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay - 2024

Contents:

  1. Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay (CIF) - 2022
  2. Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay

Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay (CIF) - 2022

In 2022, the average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $3,838 per ton, declining by -20.8% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 49% against the previous year. Over the period under review, average import prices attained the maximum at $8,870 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($5,023 per ton), while the price for India ($2,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay

In 2022, overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -4.1% to 16 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 51% against the previous year. As a result, imports reached the peak of 19 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped dramatically to $61K in 2022. In general, imports showed a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of $83K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina31.845.938.134.02.3%
Brazil0.10.57.024.6526.6%
India1.14.45.61.0-3.1%
Germany6.63.51.10.1-75.3%
South Korea6.16.23.2N/A-27.6%
China7.68.59.3N/A10.6%
Others13.013.715.81.1-56.1%
Total66.382.780.260.9-2.8%

Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Paraguay in 2022:

  1. Brazil (8.5 tons)
  2. Argentina (6.8 tons)
  3. India (0.5 tons)

Source: IndexBox Market Intelligence Platform

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