Price for Spices; Mace, Crushed or Ground in Switzerland - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Switzerland (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Switzerland (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Switzerland
- Exports of Spices; Mace, Crushed or Ground in Switzerland
Price for Spices; Mace, Crushed or Ground in Switzerland (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $25,723 per ton, falling by -2.9% against the previous year. In general, the import price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 52%. Over the period under review, average import prices reached the peak figure at $32,187 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Indonesia ($42,762 per ton), while the price for China ($6,580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Switzerland (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $17,936 per ton in 2022, with a decrease of -24.8% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The growth pace was the most rapid in 2014 an increase of 108%. Over the period under review, the average export prices reached the maximum at $25,051 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($26,934 per ton), while the average price for exports to Austria ($16,873 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mace, Crushed or Ground in Switzerland
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mace, crushed or ground, when their volume decreased by -25.9% to 18 tons. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 22%.
In value terms, spices; mace, crushed or ground imports contracted notably to $472K in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 31% against the previous year.
| Import of Spices; Mace, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 258 | 325 | 167 | 332 | 8.8% |
| Sri Lanka | 90.2 | 60.8 | 116 | 83.6 | -2.5% |
| Netherlands | 10.6 | N/A | 35.6 | 20.0 | 23.6% |
| Germany | 21.1 | 111 | 40.6 | 16.5 | -7.9% |
| Indonesia | 87.5 | 123 | 274 | 10.9 | -50.1% |
| China | N/A | N/A | N/A | 4.7 | 0% |
| Others | 6.5 | 3.7 | 24.0 | 4.7 | -10.2% |
| Total | 474 | 623 | 657 | 472 | -0.1% |
Top Suppliers of Spices; Mace, Crushed or Ground to Switzerland in 2022:
- Vietnam (13.2 tons)
- Sri Lanka (2.8 tons)
- Netherlands (0.7 tons)
- China (0.7 tons)
- Germany (0.5 tons)
- Indonesia (0.3 tons)
Exports of Spices; Mace, Crushed or Ground in Switzerland
In 2022, the amount of spices; mace, crushed or ground exported from Switzerland skyrocketed to 1.4 tons, with an increase of 16% on 2021 figures. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,570%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; mace, crushed or ground exports shrank to $24K in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,492% against the previous year. As a result, the exports attained the peak of $28K, and then declined in the following year.
| Export of Spices; Mace, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 6.5 | 0.6 | 9.4 | 20.1 | 45.7% |
| Germany | N/A | 0.4 | 18.5 | 2.7 | 159.8% |
| Romania | N/A | N/A | N/A | 1.3 | 0% |
| Others | N/A | 0.7 | N/A | N/A | 0% |
| Total | 6.6 | 1.8 | 27.9 | 24.2 | 54.2% |
Top Export Markets for Spices; Mace, Crushed or Ground from Switzerland in 2022:
- Austria (1194.0 kg)
- Germany (107.0 kg)
- Romania (50.0 kg)
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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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