Spices; Mixtures Price in Austria - 2023
Contents:
- Spices; Mixtures Price in Austria (FOB) - 2023
- Spices; Mixtures Price in Austria (CIF) - 2023
- Spices; Mixtures Exports in Austria
- Spices; Mixtures Imports in Austria
Spices; Mixtures Price in Austria (FOB) - 2023
In June 2023, the average spices; mixtures export price amounted to $12,034 per ton, dropping by -13.1% against the previous month. In general, export price indicated tangible growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.1% 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 export price decreased by -13.1% against May 2023 indices. The growth pace was the most rapid in March 2023 an increase of 25% m-o-m. Over the period under review, the average export prices hit record highs at $13,848 per ton in May 2023, and then contracted in the following month.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Russia ($16,065 per ton), while the average price for exports to Italy ($5,638 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in Austria (CIF) - 2023
In June 2023, the average spices; mixtures import price amounted to $7,219 per ton, increasing by 5.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.2%. The pace of growth was the most pronounced in March 2023 when the average import price increased by 36% m-o-m. Over the period under review, average import prices attained the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($11,171 per ton), while the price for Slovenia ($5,352 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 Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in Austria
After three years of growth, shipments abroad of spices; mixtureses decreased by -17.2% to 2.2K tons in 2022. The total export volume increased at an average annual rate of +3.6% 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 when exports increased by 24%. As a result, the exports reached the peak of 2.6K tons, and then dropped remarkably in the following year.
In value terms, spices; mixtures exports reduced notably to $22M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +37.7% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 32%.
| Export of Spices; Mixtures in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.1 | 7.7 | 9.8 | 7.0 | 4.7% |
| Russia | 1.9 | 3.8 | 5.4 | 5.4 | 41.6% |
| Hungary | 1.1 | 0.9 | 1.1 | 1.2 | 2.9% |
| France | 0.4 | 0.3 | 0.4 | 1.2 | 44.2% |
| Paraguay | 0.4 | 1.5 | 2.2 | 1.0 | 35.7% |
| Switzerland | 0.8 | 0.9 | 1.1 | 0.9 | 4.0% |
| Norway | 0.7 | 0.8 | 0.8 | 0.8 | 4.6% |
| Romania | 0.7 | 0.7 | 0.8 | 0.6 | -5.0% |
| Italy | 0.5 | 0.6 | 0.6 | 0.6 | 6.3% |
| Czech Republic | 0.4 | 0.6 | 0.9 | 0.6 | 14.5% |
| Slovakia | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
| Croatia | 0.6 | 0.5 | 0.7 | 0.4 | -12.6% |
| North Macedonia | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Others | 1.9 | 2.1 | 2.1 | 1.6 | -5.6% |
| Total | 15.9 | 20.9 | 26.5 | 21.9 | 11.3% |
Top Export Markets for Spices; Mixtures from Austria in 2022:
- Russia (477.5 tons)
- Germany (439.0 tons)
- Hungary (256.2 tons)
- Slovakia (163.7 tons)
- Italy (113.4 tons)
- Czech Republic (88.9 tons)
- Paraguay (87.0 tons)
- Romania (81.4 tons)
- Switzerland (77.8 tons)
- Norway (66.3 tons)
- Croatia (55.7 tons)
- France (47.5 tons)
- North Macedonia (36.9 tons)
Spices; Mixtures Imports in Austria
For the third consecutive year, Austria recorded decline in overseas purchases of spices; mixtureses, which decreased by -23.3% to 2.5K tons in 2022. In general, imports showed a abrupt descent. The smallest decline of -1.9% was in 2020.
In value terms, spices; mixtures imports reduced remarkably to $14M in 2022. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 3.5% against the previous year.
| Import of Spices; Mixtures in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.5 | 11.4 | 11.2 | 10.5 | -8.0% |
| Netherlands | 0.6 | 0.8 | 0.9 | 1.0 | 18.6% |
| Italy | 0.4 | 0.3 | 0.3 | 0.6 | 14.5% |
| Czech Republic | 1.6 | 1.5 | 1.2 | 0.6 | -27.9% |
| Croatia | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
| India | 1.0 | 1.0 | 1.0 | N/A | 0.0% |
| Others | 1.3 | 1.4 | 2.7 | 1.0 | -8.4% |
| Total | 18.8 | 16.9 | 17.5 | 13.6 | -10.2% |
Top Suppliers of Spices; Mixtures to Austria in 2022:
- Germany (1964.3 tons)
- Netherlands (227.3 tons)
- Italy (127.4 tons)
- Czech Republic (38.3 tons)
- India (2.6 tons)
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