Price for Spices; Cardamoms, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Greece
- Exports of Spices; Cardamoms, Crushed or Ground in Greece
Price for Spices; Cardamoms, Crushed or Ground in Greece (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $12,964 per ton in 2022, standing approx. at the previous year. In general, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 43%. The import price peaked at $19,793 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($19,076 per ton), while the price for Cyprus ($4,228 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Greece (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $11,745 per ton, waning by -30.3% against the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 an increase of 73%. The export price peaked at $46,545 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 ($35,708 per ton), while the average price for exports to Cyprus amounted to $3,008 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-7.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in Greece
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; cardamoms, crushed or ground, when their volume decreased by -36.4% to 4.9 tons. In general, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 7.8 tons, and then shrank rapidly in the following year.
In value terms, spices; cardamoms, crushed or ground imports shrank markedly to $64K in 2022. Overall, total imports indicated a temperate increase from 2019 to 2022: its value increased at an average annual rate of +2.1% 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 decreased by -36.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 68% against the previous year. As a result, imports attained the peak of $101K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Cardamoms, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.1 | 51.6 | 28.5 | 27.2 | 31.0% |
| Germany | 36.6 | 24.1 | 18.1 | 14.0 | -27.4% |
| Turkey | 11.5 | 21.9 | 30.3 | 13.1 | 4.4% |
| India | N/A | N/A | 3.9 | 3.7 | -5.1% |
| Spain | N/A | N/A | 0.9 | 2.9 | 222.2% |
| Italy | N/A | N/A | 3.7 | 2.7 | -27.0% |
| Cyprus | N/A | N/A | 7.5 | 0.3 | -96.0% |
| Others | N/A | 3.7 | 6.5 | N/A | 75.7% |
| Total | 60.1 | 101 | 99.5 | 64.1 | 2.2% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Greece in 2022:
- Netherlands (2085.0 kg)
- Turkey (1224.0 kg)
- Germany (735.0 kg)
- Italy (412.0 kg)
- Spain (208.0 kg)
- India (200.0 kg)
- Cyprus (79.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Greece
Spices; cardamoms, crushed or ground exports from Greece surged to 1.1 tons in 2022, growing by 22% on the year before. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 798% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, spices; cardamoms, crushed or ground exports reduced to $13K in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 88%.
| Export of Spices; Cardamoms, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.5 | 5.3 | 11.2 | 10.1 | 30.9% |
| Cyprus | 0.1 | 1.0 | 3.2 | 2.4 | 188.4% |
| Bulgaria | N/A | 2.0 | N/A | N/A | 0% |
| Others | N/A | 0.5 | 0.4 | 0.1 | -55.3% |
| Total | 4.7 | 8.9 | 14.8 | 12.6 | 38.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Greece in 2022:
- Cyprus (784.0 kg)
- Germany (284.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Greece.
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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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