Price for Spices; Mace, Crushed or Ground in Portugal - 2022

Contents:

  1. Price for Spices; Mace, Crushed or Ground in Portugal (FOB) - 2022
  2. Price for Spices; Mace, Crushed or Ground in Portugal (CIF) - 2022
  3. Exports of Spices; Mace, Crushed or Ground in Portugal
  4. Imports of Spices; Mace, Crushed or Ground in Portugal

Price for Spices; Mace, Crushed or Ground in Portugal (FOB) - 2022

The average export price for spices; mace, crushed or ground stood at $23,412 per ton in 2022, declining by -5.8% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum at $103,083 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($76,218 per ton), while the average price for exports to the Netherlands amounted to $20,704 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (-2.9%).

Price for Spices; Mace, Crushed or Ground in Portugal (CIF) - 2022

In 2022, the average import price for spices; mace, crushed or ground amounted to $23,851 per ton, flattening at the previous year. In general, the import price showed a pronounced slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 76%. As a result, import price attained the peak level of $36,840 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($37,408 per ton), while the price for the UK ($13,356 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Spices; Mace, Crushed or Ground in Portugal

In 2022, shipments abroad of spices; mace, crushed or ground decreased by -46.9% to 17 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a abrupt setback.

In value terms, spices; mace, crushed or ground exports reduced sharply to $398 in 2022. Over the period under review, exports recorded a sharp curtailment.

Export of Spices; Mace, Crushed or Ground in Portugal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.0N/AN/A335263.1%
Angola1,143N/AN/A63.0-61.9%
SpainN/AN/A795N/A0%
OthersN/AN/AN/AN/A0%
Total1,150N/A795398-29.8%

Top Export Markets for Spices; Mace, Crushed or Ground from Portugal in 2022:

  1. Netherlands (16.0 kg)
  2. Angola (1.0 kg)

Imports of Spices; Mace, Crushed or Ground in Portugal

In 2022, the amount of spices; mace, crushed or ground imported into Portugal skyrocketed to 74 kg, growing by 131% on the previous year. Over the period under review, imports enjoyed a prominent expansion.

In value terms, spices; mace, crushed or ground imports skyrocketed to $1.8K in 2022. Overall, imports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 164%. As a result, imports reached the peak of $2.8K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Spices; Mace, Crushed or Ground in Portugal (USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2701,103N/A94551.8%
Spain561N/AN/A421-9.1%
United Kingdom139N/AN/A32132.2%
Netherlands56.0N/AN/A62.03.5%
Germany19.01,660N/A16.0-5.6%
Dominican RepublicN/AN/A766N/A0%
Others1.0N/A1.0N/A0.0%
Total1,0462,7637671,76519.1%

Top Suppliers of Spices; Mace, Crushed or Ground to Portugal in 2022:

  1. France (25.0 kg)
  2. United Kingdom (24.0 kg)
  3. Spain (21.0 kg)
  4. Netherlands (3.0 kg)
  5. Germany (1.0 kg)

Source: IndexBox Market Intelligence Platform

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