Price for Spices; Mixtures of 2 or More Products of the Same Heading in Poland - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Poland (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Poland (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Poland
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Poland
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Poland (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $3,786 per ton in October 2023, dropping by -38.3% against the previous month. In general, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 38% against the previous month. As a result, import price reached the peak level of $8,355 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Madagascar ($7,139 per ton), while the price for Syrian Arab Republic ($2,298 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 Egypt (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Poland (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $6,048 per ton, falling by -27.4% against the previous month. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in July 2023 an increase of 44% against the previous month. As a result, the export price attained the peak level of $9,329 per ton. From August 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was the UK ($33,555 per ton), while the average price for exports to Nigeria ($2,643 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Poland
In 2022, the amount of spices; mixtures of 2 or more products of the same heading imported into Poland soared to 4.6K tons, surging by 25% on the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.8% 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 +71.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of spices; mixtures of 2 or more products of the same heading rose remarkably to $22M in 2022. The total import value increased at an average annual rate of +12.6% 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 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.9 | 8.5 | 9.5 | 11.2 | 23.8% |
| Turkey | 5.4 | 4.4 | 5.3 | 5.3 | -0.6% |
| India | 0.6 | 1.4 | 1.6 | 1.2 | 26.0% |
| Netherlands | 0.6 | 0.6 | 0.3 | 0.7 | 5.3% |
| Egypt | 0.2 | 0.1 | 0.5 | 0.6 | 44.2% |
| Syrian Arab Republic | 0.1 | 0.4 | 0.4 | 0.5 | 71.0% |
| Sweden | N/A | 0.2 | 0.2 | 0.3 | 22.5% |
| Italy | 0.4 | 0.3 | 0.4 | 0.1 | -37.0% |
| Others | 2.0 | 2.0 | 2.1 | 1.8 | -3.5% |
| Total | 15.1 | 17.8 | 20.4 | 21.6 | 12.7% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Poland in 2022:
- Germany (2352.0 tons)
- Turkey (710.2 tons)
- India (455.8 tons)
- Egypt (296.9 tons)
- Syrian Arab Republic (213.9 tons)
- Netherlands (141.9 tons)
- Sweden (138.3 tons)
- Italy (15.7 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Poland
In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -33.5% to 2.4K tons, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. As a result, the exports reached the peak of 3.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of spices; mixtures of 2 or more products of the same heading fell significantly to $17M in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Poland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.6 | 10.1 | 12.1 | 8.6 | 15.4% |
| Czech Republic | 0.4 | 0.8 | 0.9 | 0.9 | 31.0% |
| Turkey | 1.6 | 1.3 | 1.3 | 0.8 | -20.6% |
| Romania | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
| France | 1.6 | 1.8 | 1.1 | 0.8 | -20.6% |
| Austria | 0.3 | 0.6 | 0.6 | 0.7 | 32.6% |
| United Kingdom | 1.2 | 1.6 | 1.5 | 0.6 | -20.6% |
| Nigeria | 0.3 | 0.2 | 0.5 | 0.6 | 26.0% |
| Spain | 1.5 | 1.2 | 1.2 | 0.5 | -30.7% |
| Russia | 1.1 | 1.2 | 1.1 | 0.4 | -28.6% |
| Netherlands | 0.2 | 0.3 | 0.2 | 0.3 | 14.5% |
| Hungary | 0.5 | 0.8 | 1.1 | N/A | 48.3% |
| Others | 2.1 | 2.5 | 2.0 | 1.8 | -5.0% |
| Total | 17.1 | 23.3 | 24.4 | 16.7 | -0.8% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Poland in 2022:
- Germany (1112.5 tons)
- Turkey (222.4 tons)
- Nigeria (184.1 tons)
- Spain (132.9 tons)
- Czech Republic (107.6 tons)
- Austria (92.5 tons)
- France (78.3 tons)
- Russia (76.4 tons)
- Romania (51.1 tons)
- Netherlands (43.7 tons)
- United Kingdom (25.6 tons)
- Hungary (6.5 tons)
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