Price for Spices; Mace, Neither Crushed Nor Ground in Ireland - 2023

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Ireland (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Ireland

Price for Spices; Mace, Neither Crushed Nor Ground in Ireland (CIF) - 2022

The average import price for spices; mace, neither crushed nor ground stood at $9,489 per ton in 2022, falling by -38.1% against the previous year. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in 2021 an increase of 52% against the previous year. As a result, import price reached the peak level of $15,336 per ton, and then dropped significantly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($9,889 per ton) and Indonesia ($9,747 per ton), while the price for Papua New Guinea ($9,382 per ton) and Turkey ($9,484 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.7%), while the prices for the other major suppliers experienced a decline.

Imports of Spices; Mace, Neither Crushed Nor Ground in Ireland

Imports of spices; mace, neither crushed nor ground into Ireland soared to 2.3 tons in 2022, with an increase of 133% compared with 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 2,991%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of spices; mace, neither crushed nor ground soared to $22K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 4,610%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Spices; Mace, Neither Crushed Nor Ground in Ireland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Papua New GuineaN/AN/A1.59.3520.0%
United KingdomN/A0.310.95.4324.3%
TurkeyN/AN/AN/A3.50%
Indonesia0.6N/A2.23.580.0%
OthersN/AN/A0.50.1-80.0%
Total0.60.315.221.9231.7%

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Ireland in 2022:

  1. Papua New Guinea (995.0 kg)
  2. United Kingdom (569.0 kg)
  3. Turkey (370.0 kg)
  4. Indonesia (364.0 kg)

Source: IndexBox Market Intelligence Platform

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