Spices; Mixtures Price in China - 2023
Contents:
- Spices; Mixtures Price in China (FOB) - 2022
- Spices; Mixtures Price in China (CIF) - 2022
- Spices; Mixtures Exports in China
- Spices; Mixtures Imports in China
Spices; Mixtures Price in China (FOB) - 2022
The average spices; mixtures export price stood at $6,377 per ton in 2022, with a decrease of -19.3% against the previous year. Overall, the export price, however, saw resilient growth. The growth pace was the most rapid in 2019 an increase of 156% against the previous year. As a result, the export price reached the peak level of $9,224 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($12,499 per ton), while the average price for exports to Peru ($2,128 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 Oman (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Price in China (CIF) - 2022
In 2022, the average spices; mixtures import price amounted to $4,664 per ton, waning by -24.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 55% against the previous year. As a result, import price attained the peak level of $7,851 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($11,508 per ton), while the price for India ($2,623 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Spices; Mixtures Exports in China
Spices; mixtures exports from China surged to 13K tons in 2022, jumping by 17% against the year before. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 143% against the previous year. As a result, the exports attained the peak of 17K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mixtures exports contracted to $84M in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 98%. As a result, the exports attained the peak of $130M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mixtures in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 9.7 | 13.2 | 26.0 | 28.1 | 42.6% |
| Malaysia | 33.6 | 84.6 | 26.5 | 26.1 | -8.1% |
| United States | 0.5 | 0.3 | 0.2 | 5.7 | 125.1% |
| United Kingdom | 0.9 | 0.5 | 0.2 | 3.7 | 60.2% |
| Peru | N/A | 0.1 | 0.1 | 3.6 | 500.0% |
| Canada | 0.3 | 0.5 | 0.3 | 2.5 | 102.7% |
| South Korea | 0.1 | 0.1 | 0.2 | 2.2 | 180.2% |
| Australia | 0.1 | 0.1 | 0.1 | 2.0 | 171.4% |
| Japan | 0.1 | N/A | 0.3 | 1.0 | 115.4% |
| Panama | N/A | N/A | N/A | 0.7 | 0% |
| Hong Kong SAR | 10.2 | N/A | N/A | N/A | 0% |
| Vietnam | 10.0 | N/A | 0.5 | N/A | -77.6% |
| Oman | N/A | 7.8 | 31.8 | N/A | 307.7% |
| Others | 0.5 | 23.3 | 2.6 | 8.5 | 157.1% |
| Total | 65.9 | 130 | 88.6 | 84.0 | 8.4% |
Top Export Markets for Spices; Mixtures from China in 2022:
- Thailand (4.1K tons)
- Malaysia (2.1K tons)
- Peru (1.7K tons)
- Canada (1.1K tons)
- United States (0.8K tons)
- United Kingdom (0.4K tons)
- Australia (0.3K tons)
- Japan (0.3K tons)
- Panama (0.2K tons)
- South Korea (0.2K tons)
Spices; Mixtures Imports in China
After three years of growth, supplies from abroad of spices; mixtureses decreased by -32.9% to 183 tons in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +4.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports reached the peak of 272 tons, and then fell rapidly in the following year.
In value terms, spices; mixtures imports plummeted to $851K in 2022. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 40% against the previous year. As a result, imports attained the peak of $1.7M, and then fell dramatically in the following year.
| Import of Spices; Mixtures in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 27.3 | 172 | 403 | 248 | 108.7% |
| India | 91.6 | 118 | 334 | 228 | 35.5% |
| Japan | 19.6 | 59.9 | 202 | 206 | 119.0% |
| Thailand | 434 | 463 | 597 | 139 | -31.6% |
| Germany | 9.9 | 0.1 | 18.2 | 30.7 | 45.8% |
| Hong Kong SAR | 118 | N/A | N/A | N/A | 0% |
| South Korea | 59.0 | 3.4 | N/A | N/A | -94.2% |
| Indonesia | 307 | 315 | N/A | N/A | 2.6% |
| Others | 89.0 | 66.8 | 122 | 0.7 | -80.1% |
| Total | 1,156 | 1,199 | 1,676 | 851 | -9.7% |
Top Suppliers of Spices; Mixtures to China in 2022:
- India (86.7 tons)
- Malaysia (56.6 tons)
- Japan (22.6 tons)
- Thailand (12.1 tons)
- Germany (4.4 tons)
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