Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru - 2022
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru (FOB) - 2022
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru (CIF) - 2022
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $2,259 per ton, rising by 9.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 15%. As a result, the export price attained the peak level of $2,616 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($3,554 per ton), while the average price for exports to Saudi Arabia ($850 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 (+8.6%), 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 Peru (CIF) - 2022
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $4,204 per ton in 2022, with a decrease of -16.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 92%. As a result, import price attained the peak level of $5,020 per ton, and then reduced rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($12,209 per ton), while the price for Canada ($2,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), 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 Peru
For the fourth consecutive year, Peru recorded growth in shipments abroad of spices; fruits of the genus capsicum or pimenta, crushed or ground, which increased by 3.8% to 7.4K tons in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +83.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground expanded notably to $17M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +24.0% 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 +90.7% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 85%. Over the period under review, the exports of spices; fruits of genus capsicum or pimenta, crushed or ground hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.4 | 10.5 | 9.5 | 12.7 | 42.4% |
| Brazil | 0.4 | 1.0 | 1.0 | 1.2 | 44.2% |
| Russia | 0.4 | 0.7 | 0.9 | 0.8 | 26.0% |
| Argentina | 0.1 | 0.6 | 0.6 | 0.5 | 71.0% |
| Spain | 1.3 | 0.5 | 0.4 | 0.5 | -27.3% |
| Chile | 0.1 | 0.3 | 0.2 | 0.4 | 58.7% |
| Poland | 1.2 | 1.3 | 1.1 | N/A | -4.3% |
| Others | 1.0 | 1.4 | 1.2 | 0.7 | -11.2% |
| Total | 8.8 | 16.3 | 14.8 | 16.8 | 24.1% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Peru in 2022:
- United States (5.1K tons)
- Brazil (0.8K tons)
- Russia (0.5K tons)
- Chile (0.2K tons)
- Argentina (0.2K tons)
- Spain (0.1K tons)
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru
In 2022, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground into Peru contracted sharply to 58 tons, shrinking by -47.9% against 2021 figures. Overall, imports showed a significant decline. The growth pace was the most rapid in 2021 when imports increased by 40%.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground dropped sharply to $245K in 2022. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. As a result, imports attained the peak of $560K, and then declined notably in the following year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 117 | 124 | 416 | 131 | 3.8% |
| China | 172 | 60.9 | 41.5 | 101 | -16.3% |
| Canada | 9.0 | 4.4 | 4.5 | 4.4 | -21.2% |
| South Korea | 11.5 | 9.6 | 6.6 | N/A | -24.2% |
| Uzbekistan | N/A | N/A | 64.6 | N/A | 0% |
| Mexico | 27.4 | 0.4 | N/A | N/A | -98.5% |
| Others | 8.7 | 9.6 | 26.6 | 7.6 | -4.4% |
| Total | 345 | 209 | 560 | 245 | -10.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Peru in 2022:
- China (44.8 tons)
- United States (10.7 tons)
- Canada (2.0 tons)
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