Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $5,869 per ton, which is down by -14.3% against the previous year. Overall, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $6,849 per ton in 2021, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($17,961 per ton), while the average price for exports to Spain ($774 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 India (+157.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $5,846 per ton in 2022, picking up by 40% against the previous year. In general, the import price posted a temperate expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 94% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,250 per ton), while the price for Peru ($2,453 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador
In 2022, approx. 712 tons of spices; fruits of the genus capsicum or pimenta, crushed or ground were exported from Ecuador; rising by 28% on 2021. Overall, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground rose rapidly to $4.2M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,287 | 1,328 | 2,057 | 2,859 | 30.5% |
| Germany | 93.6 | 110 | 627 | 487 | 73.3% |
| United Kingdom | 144 | 210 | 554 | 364 | 36.2% |
| Spain | 16.9 | 168 | 72.0 | 183 | 121.2% |
| Japan | 156 | 178 | 92.6 | 144 | -2.6% |
| Netherlands | 0.2 | 0.1 | 0.3 | 70.0 | 604.7% |
| Australia | 61.6 | 65.4 | 150 | 53.3 | -4.7% |
| India | 124 | N/A | 7.1 | 2.9 | -71.4% |
| Others | 17.1 | 183 | 237 | 13.4 | -7.8% |
| Total | 1,900 | 2,242 | 3,796 | 4,177 | 30.0% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Ecuador in 2022:
- United States (339.2 tons)
- Spain (235.8 tons)
- Netherlands (65.1 tons)
- United Kingdom (31.5 tons)
- Germany (27.1 tons)
- Japan (8.0 tons)
- Australia (4.2 tons)
- India (0.2 tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador
In 2022, supplies from abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -52.3% to 47 tons, falling for the second consecutive year after two years of growth. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 115%. As a result, imports reached the peak of 129 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground fell sharply to $272K in 2022. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 99%.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 45.7 | 82.9 | 103 | 130 | 41.7% |
| Spain | 60.9 | 150 | 235 | 123 | 26.4% |
| Germany | 34.4 | 43.8 | 23.8 | 9.3 | -35.3% |
| China | 6.6 | 14.9 | 8.3 | 3.0 | -23.1% |
| Peru | 2.0 | 2.1 | 5.2 | 1.7 | -5.3% |
| Others | 14.1 | 32.3 | 32.1 | 5.1 | -28.8% |
| Total | 164 | 326 | 407 | 272 | 18.4% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Ecuador in 2022:
- United States (22.3 tons)
- Spain (19.6 tons)
- Germany (2.1 tons)
- China (1.0 tons)
- Peru (0.7 tons)
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