![Latvia - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/latvia-nutmeg-mace-and-cardamoms-market-analysis-forecast-size-trends-and-insights.webp)
Latvia - Nutmeg, Mace And Cardamoms - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Nutmeg, Mace and Cardamom in Latvia - 2023
Contents:
- Price for Nutmeg, Mace and Cardamom in Latvia (CIF) - 2022
- Price for Nutmeg, Mace and Cardamom in Latvia (FOB) - 2022
- Imports of Nutmeg, Mace and Cardamom in Latvia
- Exports of Nutmeg, Mace and Cardamom in Latvia
Price for Nutmeg, Mace and Cardamom in Latvia (CIF) - 2022
The average nutmeg, mace and cardamom import price stood at $7,200 per ton in 2022, which is down by -27.9% against the previous year. Overall, the import price saw a abrupt decrease. The growth pace was the most rapid in 2019 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $18,417 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($18,750 per ton), while the price for Indonesia ($5,303 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+25.4%), while the prices for the other major suppliers experienced a decline.
Price for Nutmeg, Mace and Cardamom in Latvia (FOB) - 2022
The average nutmeg, mace and cardamom export price stood at $9,088 per ton in 2022, waning by -15.2% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 23%. The export price peaked at $20,530 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($20,843 per ton), while the average price for exports to Serbia ($6,825 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 Ukraine (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Nutmeg, Mace and Cardamom in Latvia
For the fourth consecutive year, Latvia recorded growth in purchases abroad of nutmeg, mace and cardamoms, which increased by 51% to 122 tons in 2022. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, nutmeg, mace and cardamom imports expanded remarkably to $881K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +66.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 52%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
Import of Nutmeg, Mace and Cardamom in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 101 | 271 | 279 | 329 | 48.2% |
Indonesia | 33.4 | 71.0 | 25.6 | 322 | 112.8% |
Germany | 219 | 189 | 152 | 95.5 | -24.2% |
Honduras | N/A | N/A | 151 | 58.3 | -61.4% |
Netherlands | 65.7 | 221 | 34.4 | 33.2 | -20.3% |
Spain | 69.9 | 5.3 | 0.5 | 0.1 | -88.7% |
Others | 40.0 | 45.7 | 169 | 43.1 | 2.5% |
Total | 529 | 802 | 811 | 881 | 18.5% |
Top Suppliers of Nutmeg, Mace and Cardamom to Latvia in 2022:
- Indonesia (60.7 tons)
- Poland (43.4 tons)
- Germany (7.5 tons)
- Honduras (6.5 tons)
- Netherlands (2.8 tons)
Exports of Nutmeg, Mace and Cardamom in Latvia
In 2022, approx. 87 tons of nutmeg, mace and cardamoms were exported from Latvia; jumping by 34% compared with the year before. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, nutmeg, mace and cardamom exports rose markedly to $792K in 2022. The total export value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 35%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.
Export of Nutmeg, Mace and Cardamom in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 94.5 | 129 | 137 | 255 | 39.2% |
Romania | 143 | 154 | 138 | 141 | -0.5% |
Bulgaria | 94.6 | 45.4 | 49.3 | 110 | 5.2% |
Russia | 26.1 | 102 | 134 | 63.9 | 34.8% |
Hungary | 25.8 | 31.2 | 31.6 | 36.9 | 12.7% |
Czech Republic | 12.5 | 10.5 | 30.8 | 36.4 | 42.8% |
Serbia | N/A | N/A | 19.8 | 30.7 | 55.1% |
Ukraine | 127 | 248 | 85.3 | N/A | -18.0% |
Others | 47.7 | 50.2 | 69.0 | 118 | 35.2% |
Total | 572 | 770 | 695 | 792 | 11.5% |
Top Export Markets for Nutmeg, Mace and Cardamom from Latvia in 2022:
- Poland (35.2 tons)
- Bulgaria (14.8 tons)
- Romania (12.0 tons)
- Russia (4.9 tons)
- Serbia (4.5 tons)
- Hungary (4.5 tons)
- Czech Republic (2.9 tons)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Latvia. 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:
- Latvia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Latvia
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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 Latvia.
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 Latvia.
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,