Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway - 2024
Contents:
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (CIF) - 2024
- Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway
- Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (CIF) - 2024
The average import price for spices; fruits of the genus capsicum or pimenta, crushed or ground stood at $8,522 per ton in December 2023, picking up by 6.9% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in February 2023 an increase of 36% against the previous month. As a result, import price reached the peak level of $9,463 per ton. From March 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($9,098 per ton), while the price for China ($5,985 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (FOB) - 2022
In 2022, the average export price for spices; fruits of the genus capsicum or pimenta, crushed or ground amounted to $19,852 per ton, dropping by -11.7% against the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 an increase of 102% against the previous year. Over the period under review, the average export prices hit record highs at $22,487 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($20,925 per ton), while the average price for exports to Denmark stood at $8,981 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; fruits of the genus capsicum or pimenta, crushed or ground, when their volume decreased by -15.4% to 322 tons. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of 381 tons, and then contracted rapidly in the following year.
In value terms, imports of spices; fruits of the genus capsicum or pimenta, crushed or ground contracted to $2.3M in 2022. The total import value increased at an average annual rate of +11.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 24% against the previous year.
| Import of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 487 | 577 | 794 | 809 | 18.4% |
| India | 256 | 342 | 418 | 404 | 16.4% |
| China | 195 | 205 | 258 | 249 | 8.5% |
| Germany | 83.7 | 109 | 114 | 137 | 17.9% |
| Israel | 68.1 | 96.1 | 133 | 129 | 23.7% |
| Hungary | 92.2 | 97.8 | 102 | 118 | 8.6% |
| Turkey | 26.7 | 82.1 | 61.6 | 53.6 | 26.1% |
| Sweden | 158 | 55.0 | 47.4 | 31.1 | -41.8% |
| Others | 244 | 430 | 453 | 322 | 9.7% |
| Total | 1,611 | 1,994 | 2,380 | 2,252 | 11.8% |
Top Suppliers of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground to Norway in 2022:
- Spain (124.8 tons)
- India (57.2 tons)
- China (39.9 tons)
- Israel (25.1 tons)
- Germany (17.4 tons)
- Hungary (14.8 tons)
- Turkey (7.9 tons)
- Sweden (3.4 tons)
Exports of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway
After three years of growth, overseas shipments of spices; fruits of the genus capsicum or pimenta, crushed or ground decreased by -39% to 2.4 tons in 2022. Overall, exports, however, saw resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year.
In value terms, exports of spices; fruits of the genus capsicum or pimenta, crushed or ground declined rapidly to $48K in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 137% against the previous year.
| Export of Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 21.8 | 49.0 | 78.1 | 45.8 | 28.1% |
| Denmark | 0.7 | 0.3 | 10.4 | 1.9 | 39.5% |
| Czech Republic | N/A | 4.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 22.5 | 53.4 | 88.7 | 47.7 | 28.5% |
Top Export Markets for Spices; Fruits of the Genus Capsicum or Pimenta, Crushed or Ground from Norway in 2022:
- Sweden (2.2 tons)
- Denmark (0.2 tons)
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