Price for Spices; Mace, Crushed or Ground in Greece - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Greece (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Greece (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Greece
- Exports of Spices; Mace, Crushed or Ground in Greece
Price for Spices; Mace, Crushed or Ground in Greece (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $12,560 per ton in 2022, waning by -4.9% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2021 an increase of 101% against the previous year. The import price peaked at $40,244 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($24,383 per ton), while the price for the UK ($9,024 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.9%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mace, Crushed or Ground in Greece (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $14,394 per ton, which is down by -5.9% against the previous year. In general, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2019 an increase of 75% against the previous year. The export price peaked at $15,294 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($16,244 per ton), while the average price for exports to Cyprus stood at $10,074 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+19.8%).
Imports of Spices; Mace, Crushed or Ground in Greece
Spices; mace, crushed or ground imports into Greece skyrocketed to 941 kg in 2022, jumping by 112% compared with 2021. Overall, imports, however, recorded a abrupt downturn.
In value terms, spices; mace, crushed or ground imports soared to $12K in 2022. Over the period under review, imports, however, continue to indicate a precipitous contraction.
| Import of Spices; Mace, Crushed or Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 20.6 | N/A | N/A | 4.6 | -39.3% |
| Germany | 3.7 | N/A | N/A | 3.6 | -0.9% |
| Bulgaria | 0.6 | 1.4 | 5.9 | 2.9 | 69.1% |
| Netherlands | 0.2 | 4.9 | N/A | 0.4 | 26.0% |
| Cyprus | N/A | N/A | N/A | 0.4 | 0% |
| Italy | N/A | 11.5 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.1 | 17.8 | 5.9 | 11.8 | -22.2% |
Top Suppliers of Spices; Mace, Crushed or Ground to Greece in 2022:
- United Kingdom (506.0 kg)
- Bulgaria (235.0 kg)
- Germany (146.0 kg)
- Netherlands (27.0 kg)
- Cyprus (26.0 kg)
Exports of Spices; Mace, Crushed or Ground in Greece
In 2022, spices; mace, crushed or ground exports from Greece surged to 71 kg, jumping by 39% against 2021. Overall, exports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 45% against the previous year. As a result, the exports reached the peak of 109 kg. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; mace, crushed or ground exports soared to $1K in 2022. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 113% against the previous year. As a result, the exports reached the peak of $1.3K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Mace, Crushed or Ground in Greece (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | N/A | N/A | N/A | 802 | 0% |
| Cyprus | 469 | 1,265 | 743 | 217 | -22.7% |
| Netherlands | 124 | N/A | N/A | 3.0 | -71.1% |
| Others | N/A | N/A | 37.0 | N/A | 0% |
| Total | 593 | 1,265 | 780 | 1,022 | 19.9% |
Top Export Markets for Spices; Mace, Crushed or Ground from Greece in 2022:
- Canada (49.0 kg)
- Cyprus (22.0 kg)
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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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