Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic (FOB) - 2023
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic
Price for Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic (CIF) - 2023
In October 2023, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $6,871 per ton, rising by 22% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 47% month-to-month. The import price peaked at $7,352 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($22,086 per ton), while the price for Hungary ($2,994 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 France (+20.7%), 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 the Czech Republic (FOB) - 2023
In October 2023, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $9,470 per ton, rising by 28% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $10,799 per ton in January 2023; however, from February 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Austria ($20,134 per ton), while the average price for exports to Germany ($8,636 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 Slovakia (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic
Imports of spices; mixtures of 2 or more products of the same heading into the Czech Republic soared to 1.3K tons in 2022, rising by 87% against the previous year's figure. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mixtures of 2 or more products of the same heading rose significantly to $5.9M in 2022. The total import value increased at an average annual rate of +13.2% 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 17% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 840 | 1,296 | 1,518 | 1,450 | 20.0% |
| Poland | 576 | 1,076 | 1,198 | 1,301 | 31.2% |
| Cambodia | 332 | 6.8 | 59.0 | 1,054 | 47.0% |
| Slovakia | 286 | 499 | 462 | 684 | 33.7% |
| Netherlands | 82.3 | 360 | 318 | 444 | 75.4% |
| Austria | 69.4 | 414 | 455 | 372 | 75.0% |
| Turkey | 493 | 145 | 137 | 141 | -34.1% |
| Vietnam | 41.7 | 133 | 222 | 109 | 37.8% |
| Thailand | 190 | 115 | 306 | 30.9 | -45.4% |
| Egypt | 133 | 7.4 | 11.1 | 1.4 | -78.1% |
| Mexico | 183 | 1.1 | 0.1 | N/A | -97.7% |
| Others | 809 | 333 | 424 | 268 | -30.8% |
| Total | 4,036 | 4,385 | 5,111 | 5,856 | 13.2% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to the Czech Republic in 2022:
- Cambodia (499.4 tons)
- Germany (202.7 tons)
- Poland (202.2 tons)
- Slovakia (189.2 tons)
- Vietnam (76.6 tons)
- Netherlands (58.9 tons)
- Austria (29.2 tons)
- Turkey (23.4 tons)
- Thailand (4.2 tons)
- Egypt (1.1 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic
Exports of spices; mixtures of 2 or more products of the same heading from the Czech Republic soared to 687 tons in 2022, picking up by 24% on the previous year's figure. The total export volume increased at an average annual rate of +11.8% 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 36%. Over the period under review, the exports of spices; mixtures of 2 or more products of same heading reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; mixtures of 2 or more products of the same heading contracted dramatically to $5.7M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 120%.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.8 | 4.4 | 5.2 | 4.4 | 34.7% |
| Austria | 0.3 | 0.8 | 0.8 | 0.4 | 10.1% |
| Slovakia | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.2 | 0.7 | 0.4 | 0.4 | 26.0% |
| Total | 2.9 | 6.3 | 6.9 | 5.7 | 25.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from the Czech Republic in 2022:
- Germany (555.6 tons)
- Slovakia (39.7 tons)
- Austria (38.6 tons)
- Poland (29.9 tons)
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