Price for Spices; Mace, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Germany (CIF) - 2023
- Price for Spices; Mace, Crushed or Ground in Germany (FOB) - 2023
- Imports of Spices; Mace, Crushed or Ground in Germany
- Exports of Spices; Mace, Crushed or Ground in Germany
Price for Spices; Mace, Crushed or Ground in Germany (CIF) - 2023
In August 2023, the average import price for spices; mace, crushed or ground amounted to $17,154 per ton, which is down by -8.7% against the previous month. Overall, the import price continues to indicate a slight slump. The pace of growth appeared the most rapid in December 2022 an increase of 26% m-o-m. As a result, import price reached the peak level of $24,462 per ton. From January 2023 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($32,910 per ton), while the price for the Netherlands ($13,866 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mace, Crushed or Ground in Germany (FOB) - 2023
In August 2023, the average export price for spices; mace, crushed or ground amounted to $31,633 per ton, picking up by 19% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was France ($57,347 per ton), while the average price for exports to Spain ($22,530 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in Germany
In 2022, imports of spices; mace, crushed or ground into Germany expanded remarkably to 296 tons, surging by 8.2% on 2021. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 23% against the previous year. As a result, imports reached the peak of 330 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground imports stood at $7M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, imports reached the peak of $7M; afterwards, it flattened through to 2022.
| Import of Spices; Mace, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 2.4 | 2.9 | 3.2 | 217.5% |
| Indonesia | 3.0 | 3.6 | 2.5 | 3.2 | 2.2% |
| Sri Lanka | 0.1 | 0.4 | 0.5 | 0.4 | 58.7% |
| Vietnam | 0.6 | 0.4 | 0.3 | N/A | -29.3% |
| Others | 0.1 | 0.3 | N/A | 0.1 | 0.0% |
| Total | 3.9 | 7.0 | 6.2 | 7.0 | 21.5% |
Top Suppliers of Spices; Mace, Crushed or Ground to Germany in 2022:
- Netherlands (142.5 tons)
- Indonesia (134.8 tons)
- Sri Lanka (14.7 tons)
- Vietnam (0.6 tons)
Exports of Spices; Mace, Crushed or Ground in Germany
Spices; mace, crushed or ground exports from Germany soared to 111 tons in 2022, picking up by 79% on the previous year's figure. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; mace, crushed or ground exports soared to $3M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 94% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Spices; Mace, Crushed or Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 71.3 | 833 | 312 | 1,035 | 143.9% |
| Austria | 303 | 255 | 395 | 920 | 44.8% |
| Belgium | 105 | 247 | 340 | 190 | 21.9% |
| Czech Republic | 57.9 | 76.0 | 92.0 | 145 | 35.8% |
| France | 154 | 171 | 143 | 133 | -4.8% |
| Spain | 45.5 | 10.1 | 27.7 | 81.0 | 21.2% |
| Switzerland | 45.4 | 114 | 110 | 72.1 | 16.7% |
| Sri Lanka | N/A | N/A | N/A | 67.3 | 0% |
| Denmark | 62.4 | 44.7 | 74.0 | 63.8 | 0.7% |
| Others | 219 | 309 | 277 | 277 | 8.1% |
| Total | 1,063 | 2,059 | 1,770 | 2,984 | 41.1% |
Top Export Markets for Spices; Mace, Crushed or Ground from Germany in 2022:
- Netherlands (40.9 tons)
- Austria (35.7 tons)
- Belgium (6.6 tons)
- France (4.5 tons)
- Czech Republic (4.2 tons)
- Switzerland (3.4 tons)
- Spain (3.1 tons)
- Denmark (2.0 tons)
- Sri Lanka (2.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Germany.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Germany.
4100
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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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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,
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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
8560
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.
3995
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,
