Raw material markets have been bit more stable than before. Some prices of natural spices have risen due to poor harvests in producing countries. The price level of spices has also been raised by the fact that EU-compliant qualities have been less available. Shipments from the Far East still transiting through Africa, and there are still delays in deliveries due to congestion in Far Eastern ports. Asia has just celebrated the Chinese New Year, which causes delays in production and transportation even after the holiday season.
Energy prices have risen in Europe, especially for gas. The reason for the rise has been the cessation of gas deliveries from Russia to Europe via Ukraine. Energy reserves have been smaller during the winter season in Europe. The price of crude oil rose due to the situation in the Middle East and has been on an upward trend until the beginning of the year.
Additional charges have been added to transportation, related to the EU Emissions Trading System (ETS), which aims to reduce greenhouse gas emissions. Maritime transport is integrated into the emissions trading system in three phases, the first of which, covering 40% of emissions, was implemented in 2024. By 2025, the ETS is expected to cover 70% of emissions. By 2026, 100% of verified emissions will be chargeable. Environmental fees and drivers shortage have also increased road transport costs in Europe.
U.S. trade wars with various countries and countermeasures by these countries may in future increase raw material prices in the form of various customs tariffs.