Flavours and fragrances and Pepper & spices

Pepper & spices is a raw material for flavours and fragrances; their prices have moved together.

Flavours and fragrances (chemical) and Pepper & spices (commodity): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Pepper & spices → Flavours and fragrances

Flavours and fragrances is made from pepper & spices: it is one of the raw materials its production routes start from.

2. Price link: derived product

Cost and price · Weak · Both ways

Spice oils and oleoresins, extracted from pepper, chilli and turmeric, are ingredients in the flavour industry, and India is a large maker. The flavours index does not follow the spice proxy: monthly moves correlate at minus 0.01 and yearly moves at minus 0.17.

• -0.01 monthly change correlation
• -0.17 12-month change correlation
• 0.46 fitted elasticity

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