Price for Spices; Nutmeg, Neither Crushed Nor Ground in Austria - 2023

Contents:

1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Austria (CIF) - 2022
2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Austria (FOB) - 2022
3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Austria
4. Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Austria

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Austria (CIF) - 2022

The average import price for spices; nutmeg, neither crushed nor ground stood at $15,528 per ton in 2022, dropping by -9.1% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum at $25,116 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Grenada ($22,833 per ton), while the price for Italy ($12,157 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Austria (FOB) - 2022

The average export price for spices; nutmeg, neither crushed nor ground stood at $31,418 per ton in 2022, rising by 5.4% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 when the average export price increased by 12%. The export price peaked at $41,628 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($39,161 per ton), while the average price for exports to Switzerland ($14,535 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Austria

In 2022, approx. 50 tons of spices; nutmeg, neither crushed nor ground were imported into Austria; jumping by 36% compared with the year before. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $781K in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +56.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Austria in 2022:

1. Netherlands (18.6 tons)
2. India (11.6 tons)
3. China (10.0 tons)
4. Germany (7.0 tons)
5. Italy (2.3 tons)
6. Sri Lanka (0.3 tons)

Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Austria

After three years of growth, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -10.5% to 20 tons in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 50%. As a result, the exports reached the peak of 23 tons, and then declined in the following year.

In value terms, exports of spices; nutmeg, neither crushed nor ground contracted to $634K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. As a result, the exports reached the peak of $671K, and then declined in the following year.

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Austria in 2022:

1. Germany (10.8 tons)
2. Hungary (1.8 tons)
3. Poland (1.7 tons)
4. Switzerland (1.6 tons)
5. Czech Republic (1.4 tons)
6. Italy (1.3 tons)
7. Russia (0.4 tons)

Source: IndexBox Market Intelligence Platform