Price for Spices; Mixtures of 2 or More Products of the Same Heading in Romania - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Romania (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Romania (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Romania
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Romania
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Romania (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $5,615 per ton in October 2023, waning by -9.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 26% m-o-m. As a result, import price attained the peak level of $6,775 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($6,573 per ton), while the price for Syrian Arab Republic ($1,116 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 Poland (+6.7%), 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 Romania (FOB) - 2023
The average export price for spices; mixtures of 2 or more products of the same heading stood at $21,545 per ton in October 2023, growing by 148% against the previous month. Overall, the export price continues to indicate a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($39,250 per ton), while the average price for exports to Moldova ($5,886 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 the Czech Republic (+12.5%), 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 Romania
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Romania was estimated at 928 tons, picking up by 12% compared with 2021. The total import volume increased at an average annual rate of +10.2% 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 2021 with an increase of 22% against the previous year. Imports peaked 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 declined to $4.6M in 2022. The total import value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $4.9M, and then fell in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 595 | 701 | 1,104 | 1,065 | 21.4% |
| Poland | 1,037 | 1,182 | 1,031 | 965 | -2.4% |
| Turkey | 1,140 | 993 | 1,191 | 960 | -5.6% |
| France | 290 | 323 | 437 | 455 | 16.2% |
| Latvia | 66.7 | 110 | 201 | 255 | 56.4% |
| Hungary | 103 | 74.9 | 159 | 247 | 33.9% |
| Italy | 29.7 | 34.6 | 187 | 148 | 70.8% |
| Bulgaria | 113 | 93.3 | 82.3 | 80.2 | -10.8% |
| Egypt | 50.6 | 65.7 | 51.3 | 38.5 | -8.7% |
| Others | 320 | 325 | 433 | 353 | 3.3% |
| Total | 3,745 | 3,904 | 4,876 | 4,565 | 6.8% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Romania in 2022:
- Turkey (195.2 tons)
- Germany (184.7 tons)
- France (115.7 tons)
- Poland (109.8 tons)
- Latvia (72.4 tons)
- Hungary (67.3 tons)
- Italy (40.3 tons)
- Bulgaria (32.4 tons)
- Egypt (23.6 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Romania
In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -24.5% to 377 tons, falling for the second year in a row after two years of growth. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 27%. As a result, the exports reached the peak of 681 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 dropped notably to $3.2M in 2022. In general, exports recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 when exports increased by 37% against the previous year. As a result, the exports attained the peak of $4.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,349 | 1,304 | 1,526 | 977 | -10.2% |
| Spain | 691 | 983 | 811 | 596 | -4.8% |
| United Kingdom | 563 | 1,241 | 377 | 320 | -17.2% |
| France | 137 | 273 | 389 | 312 | 31.6% |
| Italy | 179 | 350 | 421 | 299 | 18.7% |
| Cyprus | 77.3 | 91.0 | 87.6 | 100 | 9.0% |
| Czech Republic | 36.2 | 96.5 | 114 | 96.6 | 38.7% |
| Belgium | 173 | 192 | 60.6 | 51.0 | -33.4% |
| Others | 324 | 313 | 658 | 441 | 10.8% |
| Total | 3,530 | 4,842 | 4,445 | 3,192 | -3.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Romania in 2022:
- Spain (100.2 tons)
- Germany (51.9 tons)
- France (47.8 tons)
- United Kingdom (27.4 tons)
- Italy (26.3 tons)
- Cyprus (22.6 tons)
- Czech Republic (17.3 tons)
- Belgium (17.2 tons)
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