Price for Spices; Mace, Neither Crushed Nor Ground in Spain - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Spain (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Spain (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Spain
- Exports of Spices; Mace, Neither Crushed Nor Ground in Spain
Price for Spices; Mace, Neither Crushed Nor Ground in Spain (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $20,597 per ton, waning by -10.1% against the previous year. Overall, the import price showed a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 51% against the previous year. The import price peaked at $26,540 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($25,048 per ton), while the price for Indonesia totaled $20,065 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mace, Neither Crushed Nor Ground in Spain (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $22,454 per ton, reducing by -3.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 110%. As a result, the export price reached the peak level of $38,648 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
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 the UK ($123,571 per ton), while the average price for exports to France ($11,849 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 Italy (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mace, Neither Crushed Nor Ground in Spain
In 2022, approx. 22 tons of spices; mace, neither crushed nor ground were imported into Spain; shrinking by -13.6% on 2021. In general, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 100%. As a result, imports reached the peak of 26 tons, and then shrank in the following year.
In value terms, imports of spices; mace, neither crushed nor ground shrank sharply to $455K in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. As a result, imports attained the peak of $586K, and then shrank markedly in the following year.
| Import of Spices; Mace, Neither Crushed Nor Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 264 | 245 | 197 | 402 | 15.0% |
| Germany | 0.8 | 0.9 | N/A | 49.4 | 295.3% |
| Sri Lanka | N/A | N/A | 39.9 | 1.4 | -96.5% |
| Netherlands | 37.8 | 37.6 | 328 | N/A | 194.6% |
| Others | 8.5 | N/A | 21.1 | 2.7 | -31.8% |
| Total | 311 | 284 | 586 | 455 | 13.5% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Spain in 2022:
- Indonesia (20.0 tons)
- Germany (2.0 tons)
- Sri Lanka (0.1 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Spain
In 2022, overseas shipments of spices; mace, neither crushed nor ground decreased by -90.3% to 293 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 21,260%.
In value terms, exports of spices; mace, neither crushed nor ground reduced markedly to $6.6K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 44,765% against the previous year.
| Export of Spices; Mace, Neither Crushed Nor Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | 1.4 | 0.5 | 2.7 | 38.9% |
| Italy | N/A | N/A | N/A | 2.3 | 0% |
| United Kingdom | N/A | 18.2 | N/A | 0.9 | -77.8% |
| Netherlands | N/A | N/A | 70.0 | N/A | 0% |
| United States | N/A | 21.7 | N/A | N/A | 0% |
| Others | 0.1 | N/A | 0.4 | 0.7 | 91.3% |
| Total | 0.1 | 41.3 | 70.9 | 6.6 | 304.1% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Spain in 2022:
- France (232.0 kg)
- Italy (51.0 kg)
- United Kingdom (7.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Spain.
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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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