Spices; Mixtures Price in Finland - 2023
Contents:
- Spices; Mixtures Price in Finland (CIF) - 2023
- Spices; Mixtures Price in Finland (FOB) - 2022
- Spices; Mixtures Imports in Finland
- Spices; Mixtures Exports in Finland
Spices; Mixtures Price in Finland (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $11,229 per ton, increasing by 68% against the previous month. Overall, import price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, spices; mixtures import price increased by +68.3% against May 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Sweden ($29,402 per ton), while the price for Denmark ($7,456 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sweden (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Finland (FOB) - 2022
In 2022, the average spices; mixtures export price amounted to $16,121 per ton, with an increase of 18% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,823 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($56,395 per ton), while the average price for exports to Russia ($5,116 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Finland
In 2022, purchases abroad of spices; mixtureses decreased by -3.4% to 277 tons, falling for the second consecutive year after two years of growth. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. As a result, imports attained the peak of 329 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mixtures imports stood at $2.1M in 2022. The total import value increased at an average annual rate of +12.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. As a result, imports attained the peak of $2.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Mixtures in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 442 | 471 | 569 | 687 | 15.8% |
| Sweden | 320 | 313 | 420 | 528 | 18.2% |
| Austria | 234 | 251 | 291 | 387 | 18.3% |
| Estonia | 117 | 153 | 217 | 174 | 14.1% |
| Netherlands | 23.1 | 52.9 | 101 | 92.3 | 58.7% |
| India | 39.3 | 58.2 | 37.5 | 51.0 | 9.1% |
| Turkey | 1.9 | 7.4 | 164 | 42.2 | 181.1% |
| United Kingdom | 38.3 | 147 | 17.3 | 38.5 | 0.2% |
| Ireland | 158 | 567 | 117 | N/A | -13.9% |
| Others | 124 | 132 | 156 | 125 | 0.3% |
| Total | 1,498 | 2,152 | 2,091 | 2,126 | 12.4% |
Top Suppliers of Spices; Mixtures to Finland in 2022:
- Germany (102.6 tons)
- Austria (64.8 tons)
- Sweden (45.2 tons)
- Estonia (14.2 tons)
- Netherlands (13.6 tons)
- United Kingdom (9.7 tons)
- Turkey (6.8 tons)
- India (6.5 tons)
Spices; Mixtures Exports in Finland
In 2022, shipments abroad of spices; mixtureses decreased by -66% to 1.9 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 8.1% against the previous year. As a result, the exports attained the peak of 9.8 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports contracted rapidly to $31K in 2022. In general, exports showed a precipitous descent. The smallest decline of -2.5% was in 2020.
| Export of Spices; Mixtures in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 87.8 | 88.4 | 43.0 | 11.8 | -48.8% |
| United Kingdom | 1.2 | 0.6 | 0.5 | 6.1 | 71.9% |
| Belarus | N/A | N/A | N/A | 5.0 | 0% |
| Sweden | 3.5 | 4.2 | 13.6 | 3.4 | -1.0% |
| Russia | 15.7 | 13.5 | 6.3 | 1.5 | -54.3% |
| United States | 0.2 | 1.8 | 1.8 | 1.1 | 76.5% |
| Spain | 4.0 | 1.0 | 0.8 | 0.8 | -41.5% |
| Ukraine | 1.4 | 1.8 | 2.9 | N/A | 43.9% |
| Others | 4.7 | 4.2 | 8.6 | 1.3 | -34.8% |
| Total | 118 | 115 | 77.5 | 31.0 | -36.0% |
Top Export Markets for Spices; Mixtures from Finland in 2022:
- Estonia (949.0 kg)
- Russia (303.0 kg)
- Sweden (219.0 kg)
- Belarus (173.0 kg)
- United Kingdom (109.0 kg)
- Spain (51.0 kg)
- United States (47.0 kg)
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