Price for Spices; Cardamoms, Neither Crushed Nor Ground in Estonia - 2023

Contents:

  1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (CIF) - 2022
  2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (FOB) - 2022
  3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia
  4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (CIF) - 2022

The average import price for spices; cardamoms, neither crushed nor ground stood at $20,736 per ton in 2022, with a decrease of -43.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 90% against the previous year. As a result, import price reached the peak level of $42,875 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($28,481 per ton), while the price for Guatemala amounted to $20,060 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $34,886 per ton in 2022, which is down by -23.8% against the previous year. Over the period under review, the export price, however, posted a slight increase. The most prominent rate of growth was recorded in 2016 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs at $45,796 per ton in 2021, and then plummeted in the following year.

As there is only one major export destination, the average price level is determined by prices for Belgium.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +4.9% per year.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia

Imports of spices; cardamoms, neither crushed nor ground into Estonia shrank dramatically to 7.3 tons in 2022, which is down by -48.1% compared with the year before. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of 14 tons, and then shrank remarkably in the following year.

In value terms, imports of spices; cardamoms, neither crushed nor ground declined remarkably to $151K in 2022. In general, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 56%.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala240386504139-16.6%
IndiaN/AN/A2.28.9304.5%
Others11.46.08.83.6-31.9%
Total252392515151-15.7%

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Estonia in 2022:

  1. Guatemala (6.9 tons)
  2. India (0.3 tons)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia

After two years of decline, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -49.7% to 79 kg in 2022. Over the period under review, exports showed a precipitous contraction.

In value terms, exports of spices; cardamoms, neither crushed nor ground contracted remarkably to $2.8K in 2022. In general, exports showed a significant curtailment.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Estonia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BelgiumN/AN/AN/A2.80%
Russia15.2N/AN/AN/A0%
SwedenN/AN/A7.2N/A0%
OthersN/AN/AN/AN/A0%
Total15.2N/A7.22.8-43.1%

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Estonia in 2022:

  1. Belgium (79.0 kg)

Source: IndexBox Market Intelligence Platform

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