Price for Spices; Mace, Crushed or Ground in Ireland - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Ireland (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Ireland (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Ireland
- Exports of Spices; Mace, Crushed or Ground in Ireland
Price for Spices; Mace, Crushed or Ground in Ireland (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $10,208 per ton in 2022, shrinking by -4.4% against the previous year. In general, the import price saw a pronounced setback. The growth pace was the most rapid in 2016 an increase of 6.1% against the previous year. Over the period under review, average import prices attained the maximum at $15,008 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($23,933 per ton), while the price for Belgium ($8,983 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mace, Crushed or Ground in Ireland (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $8,689 per ton in 2022, waning by -5.4% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26% against the previous year. The export price peaked at $31,150 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat 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 the Netherlands ($15,984 per ton), while the average price for exports to the UK totaled $6,978 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.2%).
Imports of Spices; Mace, Crushed or Ground in Ireland
For the fourth year in a row, Ireland recorded growth in supplies from abroad of spices; mace, crushed or ground, which increased by 3.6% to 5.9 tons in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; mace, crushed or ground imports shrank modestly to $61K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.5% 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 +97.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 56%.
| Import of Spices; Mace, Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 15.5 | 29.2 | 88.4% |
| Netherlands | 9.1 | N/A | N/A | 7.2 | -7.5% |
| United Kingdom | 11.5 | 42.8 | 13.4 | 5.7 | -20.9% |
| Vietnam | 8.3 | 4.3 | 18.5 | 5.5 | -12.8% |
| Spain | 0.5 | N/A | N/A | 4.6 | 109.5% |
| Indonesia | N/A | N/A | 3.0 | 4.0 | 33.3% |
| Turkey | N/A | N/A | N/A | 3.2 | 0% |
| Pakistan | N/A | N/A | 9.6 | N/A | 0% |
| Others | 1.3 | 0.8 | 1.2 | 1.3 | 0.0% |
| Total | 30.7 | 47.9 | 61.2 | 60.7 | 25.5% |
Top Suppliers of Spices; Mace, Crushed or Ground to Ireland in 2022:
- Belgium (3248.0 kg)
- United Kingdom (629.0 kg)
- Vietnam (602.0 kg)
- Indonesia (443.0 kg)
- Netherlands (411.0 kg)
- Turkey (272.0 kg)
- Spain (193.0 kg)
Exports of Spices; Mace, Crushed or Ground in Ireland
In 2022, exports of spices; mace, crushed or ground from Ireland soared to 389 kg, increasing by 63% compared with the previous year's figure. Overall, exports, however, faced a abrupt curtailment.
In value terms, spices; mace, crushed or ground exports surged to $3.4K in 2022. Over the period under review, exports, however, recorded a abrupt descent.
| Export of Spices; Mace, Crushed or Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 4.6 | 2.2 | 2.2 | -30.8% | |
| Netherlands | N/A | N/A | 1.2 | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 4.6 | 2.2 | 3.4 | -14.0% | |
Top Export Markets for Spices; Mace, Crushed or Ground from Ireland in 2022:
- United Kingdom (315.0 kg)
- Netherlands (74.0 kg)
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In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
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In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
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