Spices; Mixtures Price in Japan - 2023
Contents:
- Spices; Mixtures Price in Japan (CIF) - 2023
- Spices; Mixtures Price in Japan (FOB) - 2023
- Spices; Mixtures Imports in Japan
- Spices; Mixtures Exports in Japan
Spices; Mixtures Price in Japan (CIF) - 2023
The average spices; mixtures import price stood at $10,183 per ton in July 2023, dropping by -39.9% against the previous month. In general, import price indicated a slight expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, spices; mixtures import price decreased by -39.9% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 66% month-to-month. As a result, import price reached the peak level of $16,933 per ton, and then plummeted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Africa ($72,126 per ton), while the price for Bangladesh ($5,021 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Africa (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Price in Japan (FOB) - 2023
The average spices; mixtures export price stood at $10,787 per ton in July 2023, falling by -13.9% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 37% against the previous month. As a result, the export price reached the peak level of $13,582 per ton. From September 2022 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($13,808 per ton), while the average price for exports to Hong Kong SAR ($5,545 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Japan
In 2022, overseas purchases of spices; mixtureses decreased by -10.9% to 480 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 29%.
In value terms, spices; mixtures imports contracted to $4.6M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 29%.
| Import of Spices; Mixtures in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,050 | 1,478 | 1,884 | 1,471 | 11.9% |
| United States | 822 | 884 | 798 | 972 | 5.7% |
| South Africa | 769 | 1,118 | 742 | 664 | -4.8% |
| Germany | 332 | 208 | 276 | 317 | -1.5% |
| Pakistan | 117 | 205 | 384 | 295 | 36.1% |
| China | 140 | 215 | 215 | 261 | 23.1% |
| United Kingdom | 168 | 186 | 298 | 193 | 4.7% |
| Sri Lanka | 61.9 | 118 | 167 | 136 | 30.0% |
| Bangladesh | 45.7 | 101 | 89.3 | 47.9 | 1.6% |
| Others | 133 | 188 | 260 | 251 | 23.6% |
| Total | 3,639 | 4,700 | 5,114 | 4,609 | 8.2% |
Top Suppliers of Spices; Mixtures to Japan in 2022:
- India (176.6 tons)
- United States (131.0 tons)
- Pakistan (42.6 tons)
- China (25.8 tons)
- South Africa (25.7 tons)
- Germany (25.3 tons)
- Sri Lanka (15.9 tons)
- United Kingdom (12.0 tons)
- Bangladesh (7.5 tons)
Spices; Mixtures Exports in Japan
For the fourth consecutive year, Japan recorded growth in shipments abroad of spices; mixtureses, which increased by 3.3% to 397 tons in 2022. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, spices; mixtures exports declined to $4.6M in 2022. The total export value increased at an average annual rate of +6.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year.
| Export of Spices; Mixtures in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,002 | 1,158 | 1,147 | 1,403 | 11.9% |
| United States | 564 | 693 | 704 | 633 | 3.9% |
| China | 527 | 851 | 775 | 519 | -0.5% |
| Thailand | 275 | 283 | 262 | 256 | -2.4% |
| United Kingdom | 264 | 179 | 208 | 183 | -11.5% |
| Hong Kong SAR | 119 | 206 | 131 | 129 | 2.7% |
| Singapore | 45.0 | 103 | 70.9 | 121 | 39.1% |
| Mexico | 54.9 | 81.7 | 144 | 118 | 29.1% |
| Canada | 68.4 | 60.5 | 102 | 117 | 19.6% |
| Netherlands | 25.6 | 61.5 | 90.1 | 114 | 64.5% |
| South Korea | 221 | 363 | 295 | 101 | -23.0% |
| Australia | 36.5 | 62.7 | 79.5 | 89.2 | 34.7% |
| United Arab Emirates | 40.4 | 21.1 | 61.8 | 71.8 | 21.1% |
| Others | 540 | 600 | 847 | 698 | 8.9% |
| Total | 3,783 | 4,723 | 4,916 | 4,552 | 6.4% |
Top Export Markets for Spices; Mixtures from Japan in 2022:
- Taiwan (Chinese) (106.8 tons)
- China (45.4 tons)
- United States (41.3 tons)
- Thailand (24.1 tons)
- United Kingdom (20.5 tons)
- Mexico (15.1 tons)
- Netherlands (13.8 tons)
- Singapore (12.0 tons)
- Canada (10.8 tons)
- South Korea (9.6 tons)
- United Arab Emirates (9.2 tons)
- Hong Kong SAR (9.2 tons)
- Australia (8.8 tons)
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