Material Insights · Understanding the Material World

Carbon dioxide and Pepper & spices

Their prices have moved together.

Carbon dioxide (chemical) and Pepper & spices (commodity): 1 relationship.

How they are linked

1. Price link: processing input

Cost and price · Weak · Both ways

Spice extracts are often made with pressurised carbon dioxide, a clean solvent. CO2 is a modest processing cost, and the data shows little link: monthly moves correlate at 0.03 and yearly moves at 0.21.

  • 0.03 monthly change correlation
  • 0.21 12-month change correlation
  • 0.50 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.