Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands
Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands (CIF) - 2023
The average import price for spices; mixtures of 2 or more products of the same heading stood at $4,142 per ton in October 2023, with an increase of 14% against the previous month. Over the period under review, import price indicated notable growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for spices; mixtures of 2 or more products of the same heading increased by +88.7% against June 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 36% against the previous month. The import price peaked in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($7,374 per ton), while the price for India ($2,052 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 Belgium (+7.0%), 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 the Netherlands (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $6,551 per ton, increasing by 62% against the previous month. Over the period under review, export price indicated a moderate increase from October 2022 to October 2023: its price increased at an average monthly rate of +4.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for spices; mixtures of 2 or more products of the same heading increased by +77.8% against August 2023 indices. As a result, the export price reached 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 Switzerland ($11,460 per ton), while the average price for exports to Bosnia and Herzegovina ($2,611 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 Suriname (+4.5%), 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 the Netherlands
In 2022, purchases abroad of spices; mixtures of 2 or more products of the same heading decreased by -12.5% to 8.6K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.4% 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 +49.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 43%. As a result, imports attained the peak of 9.9K tons, and then reduced in the following year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading fell markedly to $36M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, imports reached the peak of $45M, and then dropped rapidly in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.0 | 6.0 | 8.8 | 7.9 | 9.6% |
| Germany | 2.7 | 3.7 | 7.4 | 5.9 | 29.8% |
| Belgium | 4.2 | 3.0 | 6.9 | 4.5 | 2.3% |
| Turkey | 2.7 | 3.3 | 3.6 | 2.7 | 0.0% |
| France | 0.4 | 0.3 | 1.6 | 2.2 | 76.5% |
| Thailand | 1.7 | 2.3 | 1.9 | 1.8 | 1.9% |
| India | 0.9 | 1.0 | 2.6 | 1.7 | 23.6% |
| United States | 0.5 | 0.8 | 1.2 | 1.1 | 30.1% |
| United Kingdom | 1.2 | 1.2 | 0.5 | 0.9 | -9.1% |
| China | 0.3 | 0.4 | 0.9 | 0.8 | 38.7% |
| Poland | 0.3 | 0.3 | 1.5 | 0.7 | 32.6% |
| Italy | 0.6 | 0.5 | 0.7 | 0.6 | 0.0% |
| Others | 3.2 | 5.4 | 7.7 | 5.0 | 16.0% |
| Total | 24.6 | 28.0 | 45.2 | 35.8 | 13.3% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to the Netherlands in 2022:
- Spain (2526.0 tons)
- Belgium (1154.1 tons)
- Germany (1051.7 tons)
- Turkey (741.6 tons)
- India (663.5 tons)
- France (435.5 tons)
- Thailand (285.8 tons)
- Italy (161.3 tons)
- Poland (159.1 tons)
- China (158.7 tons)
- United States (139.8 tons)
- United Kingdom (124.3 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands
Exports of spices; mixtures of 2 or more products of the same heading from the Netherlands skyrocketed to 9.5K tons in 2022, growing by 24% against 2021 figures. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 +69.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading reduced rapidly to $33M in 2022. The total export value increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $40M, and then reduced rapidly in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.2 | 10.9 | 12.2 | 10.3 | 0.3% |
| Belgium | 4.5 | 5.1 | 5.2 | 4.1 | -3.1% |
| Curacao | 1.9 | 1.6 | 1.8 | 1.3 | -11.9% |
| Italy | 0.6 | 0.3 | 0.8 | 1.2 | 26.0% |
| France | 1.4 | 1.9 | 2.2 | 1.2 | -5.0% |
| United Kingdom | 1.7 | 0.8 | 1.3 | 1.1 | -13.5% |
| Sweden | 0.7 | 1.3 | 2.6 | 1.1 | 16.3% |
| Denmark | 0.4 | 1.1 | 1.1 | 1.0 | 35.7% |
| Switzerland | 0.7 | 0.7 | 0.9 | 1.0 | 12.6% |
| Spain | 0.7 | 0.8 | 0.9 | 1.0 | 12.6% |
| Bonaire | 1.3 | 1.1 | 1.2 | 0.8 | -14.9% |
| Austria | 0.8 | 0.9 | 1.1 | 0.7 | -4.4% |
| Hungary | 0.3 | 0.1 | 0.2 | 0.7 | 32.6% |
| Others | 6.3 | 6.8 | 8.8 | 7.9 | 7.8% |
| Total | 31.5 | 33.6 | 40.2 | 33.3 | 1.9% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from the Netherlands in 2022:
- Germany (4938.4 tons)
- Belgium (1284.3 tons)
- Curacao (288.0 tons)
- Sweden (257.0 tons)
- Denmark (227.3 tons)
- Hungary (225.6 tons)
- France (223.8 tons)
- United Kingdom (198.6 tons)
- Switzerland (189.4 tons)
- Bonaire (175.5 tons)
- Spain (165.3 tons)
- Italy (163.4 tons)
- Austria (93.3 tons)
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