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Denmark - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Nutmeg, Mace and Cardamom in Denmark - 2023
Contents:
- Price for Nutmeg, Mace and Cardamom in Denmark (CIF) - 2023
- Price for Nutmeg, Mace and Cardamom in Denmark (FOB) - 2022
- Imports of Nutmeg, Mace and Cardamom in Denmark
- Exports of Nutmeg, Mace and Cardamom in Denmark
Price for Nutmeg, Mace and Cardamom in Denmark (CIF) - 2023
In July 2023, the average nutmeg, mace and cardamom import price amounted to $23,473 per ton, dropping by -15.2% against the previous month. Overall, import price indicated mild growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, nutmeg, mace and cardamom import price increased by +27.5% against May 2023 indices. The most prominent rate of growth was recorded in June 2023 an increase of 50% against the previous month. The import price peaked at $29,496 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($54,531 per ton), while the price for the Netherlands ($19,450 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Estonia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Nutmeg, Mace and Cardamom in Denmark (FOB) - 2022
In 2022, the average nutmeg, mace and cardamom export price amounted to $18,124 per ton, growing by 16% against the previous year. Overall, the export price, however, saw a slight decline. The most prominent rate of growth was recorded in 2020 an increase of 38%. The export price peaked at $20,602 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($33,699 per ton), while the average price for exports to Faroe Islands ($4,857 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 Finland (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Nutmeg, Mace and Cardamom in Denmark
In 2022, after three years of growth, there was significant decline in purchases abroad of nutmeg, mace and cardamoms, when their volume decreased by -7.6% to 141 tons. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of 152 tons, and then declined in the following year.
In value terms, nutmeg, mace and cardamom imports dropped remarkably to $3.2M in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 56% against the previous year.
Import of Nutmeg, Mace and Cardamom in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 709 | 1,407 | 1,948 | 1,314 | 22.8% |
Sweden | 533 | 630 | 697 | 687 | 8.8% |
Netherlands | 140 | 213 | 617 | 664 | 68.0% |
Estonia | 0.1 | 2.1 | 94.5 | 282 | 1312.8% |
Spain | 56.6 | 101 | 49.6 | 58.5 | 1.1% |
Indonesia | 141 | 157 | 171 | 5.8 | -65.5% |
Others | 179 | 234 | 400 | 146 | -6.6% |
Total | 1,759 | 2,744 | 3,977 | 3,157 | 21.5% |
Top Suppliers of Nutmeg, Mace and Cardamom to Denmark in 2022:
- Germany (66.0 tons)
- Netherlands (28.3 tons)
- Estonia (17.4 tons)
- Sweden (14.1 tons)
- Spain (8.6 tons)
- Indonesia (0.5 tons)
Exports of Nutmeg, Mace and Cardamom in Denmark
In 2022, after three years of growth, there was significant decline in overseas shipments of nutmeg, mace and cardamoms, when their volume decreased by -22.9% to 23 tons. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 99% against the previous year. As a result, the exports reached the peak of 29 tons, and then declined dramatically in the following year.
In value terms, nutmeg, mace and cardamom exports declined to $410K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 82% against the previous year.
Export of Nutmeg, Mace and Cardamom in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 24.2 | 18.5 | 182 | 240 | 114.8% |
Sweden | 53.9 | 53.1 | 133 | 91.2 | 19.2% |
Faroe Islands | 8.4 | 10.9 | 30.3 | 16.8 | 26.0% |
Netherlands | 3.3 | 15.0 | 12.0 | 12.1 | 54.2% |
United Kingdom | 0.6 | 0.4 | 3.1 | 7.2 | 128.9% |
Iceland | 1.8 | 1.0 | 4.1 | 6.8 | 55.7% |
Greenland | 10.1 | 9.5 | 9.3 | 6.3 | -14.6% |
Poland | 18.0 | 5.5 | 8.0 | 6.1 | -30.3% |
Germany | 24.5 | 45.4 | 4.2 | 4.7 | -42.3% |
United States | N/A | 109 | N/A | N/A | 0% |
Others | 16.5 | 25.3 | 74.2 | 18.9 | 4.6% |
Total | 161 | 293 | 460 | 410 | 36.6% |
Top Export Markets for Nutmeg, Mace and Cardamom from Denmark in 2022:
- Norway (10.2 tons)
- Sweden (5.0 tons)
- Faroe Islands (3.5 tons)
- Netherlands (1.0 tons)
- United Kingdom (0.6 tons)
- Iceland (0.5 tons)
- Greenland (0.4 tons)
- Poland (0.3 tons)
- Germany (0.1 tons)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 702 - Nutmeg, mace, cardamoms
Country coverage:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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.
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
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
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.
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,