Price for Spices; Mace, Neither Crushed Nor Ground in Hungary - 2023

Contents:

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

Price for Spices; Mace, Neither Crushed Nor Ground in Hungary (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $18,933 per ton, reducing by -20.6% against the previous year. Overall, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $33,188 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Austria amounted to -4.3% per year.

Price for Spices; Mace, Neither Crushed Nor Ground in Hungary (FOB) - 2022

In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $29,000 per ton, reducing by -16.9% against the previous year. Overall, the export price, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 274% against the previous year. As a result, the export price attained the peak level of $34,900 per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($39,000 per ton), while the average price for exports to Romania stood at $24,000 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+104.4%).

Imports of Spices; Mace, Neither Crushed Nor Ground in Hungary

In 2022, the amount of spices; mace, neither crushed nor ground imported into Hungary soared to 849 kg, rising by 437% against the previous year's figure. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 7,800%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of spices; mace, neither crushed nor ground soared to $16K in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 6,507%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Hungary in 2022:

1. Germany (849.0 kg)

Exports of Spices; Mace, Neither Crushed Nor Ground in Hungary

In 2022, shipments abroad of spices; mace, neither crushed nor ground decreased by -90% to 3 kg for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 900%. As a result, the exports attained the peak of 30 kg, and then fell rapidly in the following year.

In value terms, exports of spices; mace, neither crushed nor ground reduced markedly to $87 in 2022. Overall, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 3,639% against the previous year. As a result, the exports reached the peak of $1K, and then contracted significantly in the following year.

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Hungary in 2022:

1. Romania (2.0 kg)
2. Netherlands (1.0 kg)

Source: IndexBox Market Intelligence Platform