Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $10,956 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 48%. The import price peaked at $15,097 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 Latvia ($14,266 per ton), while the price for Germany stood at $9,370 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $13,330 per ton, which is down by -29.4% against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 246% against the previous year. Over the period under review, the average export prices hit record highs at $40,750 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Australia.
From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +14.6% per year.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; cardamoms, neither crushed nor ground, when their volume decreased by -78.3% to 1.4 tons. In general, imports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 152%.
In value terms, imports of spices; cardamoms, neither crushed nor ground dropped markedly to $16K in 2022. Overall, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 127% against the previous year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 5.1 | 9.5 | 86.3% |
| Latvia | N/A | 13.9 | 17.1 | 5.7 | -36.0% |
| Guatemala | N/A | N/A | 4.3 | N/A | 0% |
| India | 6.0 | 4.6 | 23.8 | N/A | 99.2% |
| Poland | 2.3 | 9.7 | 6.7 | N/A | 70.7% |
| Honduras | N/A | 9.3 | N/A | N/A | 0% |
| Netherlands | 9.2 | N/A | 15.2 | N/A | 28.5% |
| Turkey | N/A | 2.8 | N/A | N/A | 0% |
| Others | 0.2 | N/A | N/A | 0.7 | 51.8% |
| Total | 17.8 | 40.4 | 72.2 | 15.9 | -3.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Bulgaria in 2022:
- Germany (1011.0 kg)
- Latvia (399.0 kg)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria
In 2022, after two years of decline, there was significant decline in overseas shipments of spices; cardamoms, neither crushed nor ground, when their volume decreased by -9.3% to 585 kg. Over the period under review, exports saw a significant decline.
In value terms, exports of spices; cardamoms, neither crushed nor ground declined notably to $7.8K in 2022. Overall, exports faced a sharp reduction.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 0.8 | 0% |
| Cyprus | N/A | N/A | 1.6 | N/A | 0% |
| Greece | 2.9 | N/A | N/A | N/A | 0% |
| Georgia | 46.4 | N/A | 9.0 | N/A | -56.0% |
| Moldova | 1.2 | N/A | 0.5 | N/A | -35.5% |
| Others | 0.3 | N/A | 1.1 | 7.0 | 185.8% |
| Total | 50.7 | N/A | 12.2 | 7.8 | -46.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Bulgaria in 2022:
- Australia (30.0 kg)
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