Price for Spices; Cardamoms, Crushed or Ground in Spain - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Spain (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Spain (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Spain
- Imports of Spices; Cardamoms, Crushed or Ground in Spain
Price for Spices; Cardamoms, Crushed or Ground in Spain (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $13,528 per ton, shrinking by -9.8% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 88% against the previous year. The export price peaked at $26,065 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($14,115 per ton), while the average price for exports to Denmark ($1,685 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 Germany (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Spain (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $6,918 per ton, falling by -71.8% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 58%. The import price peaked at $25,353 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 Guatemala ($27,044 per ton), while the price for Belgium ($1,597 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Crushed or Ground in Spain
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cardamoms, crushed or ground, when their volume decreased by -10.1% to 50 tons. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 89% against the previous year.
In value terms, spices; cardamoms, crushed or ground exports shrank significantly to $673K in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 140%. As a result, the exports attained the peak of $1.2M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Cardamoms, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 467 | 752 | 558 | 545 | 5.3% |
| France | 2.7 | 25.9 | 36.5 | 46.5 | 158.2% |
| Portugal | 4.9 | 1.5 | 100 | 6.7 | 11.0% |
| Denmark | N/A | 1.3 | 6.5 | 4.1 | 77.6% |
| Germany | N/A | 4.9 | 12.4 | 2.5 | -28.6% |
| United Arab Emirates | N/A | 237 | N/A | N/A | 0% |
| Egypt | N/A | 139 | N/A | N/A | 0% |
| Others | 32.3 | 53.4 | 116 | 68.0 | 28.2% |
| Total | 507 | 1,215 | 830 | 673 | 9.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Spain in 2022:
- United Kingdom (38.6 tons)
- France (4.5 tons)
- Denmark (2.4 tons)
- Portugal (0.7 tons)
- Germany (0.3 tons)
Imports of Spices; Cardamoms, Crushed or Ground in Spain
In 2022, imports of spices; cardamoms, crushed or ground into Spain surged to 19 tons, jumping by 189% on 2021 figures. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 195%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; cardamoms, crushed or ground imports fell notably to $132K in 2022. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 185%. As a result, imports attained the peak of $162K, and then reduced sharply in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | 1.5 | 49.7 | 55.4 | 507.7% |
| Netherlands | 33.9 | 24.9 | 60.3 | 33.9 | 0.0% |
| Belgium | N/A | N/A | N/A | 22.6 | 0% |
| France | 2.3 | 4.7 | 10.7 | 12.6 | 76.3% |
| Germany | 9.4 | 12.1 | 22.8 | 7.6 | -6.8% |
| United Kingdom | 25.3 | 11.9 | 1.6 | N/A | -74.9% |
| United Arab Emirates | 27.3 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 1.8 | 17.1 | 0.1 | -67.5% |
| Total | 101 | 56.9 | 162 | 132 | 9.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Spain in 2022:
- Belgium (14.2 tons)
- Guatemala (2.0 tons)
- Netherlands (1.7 tons)
- France (0.6 tons)
- Germany (0.5 tons)
578
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Spain.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
578
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Spain.
4072
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
8548
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.
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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,
3857
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
8548
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.
3980
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,
