Price for Spices; Nutmeg, Crushed or Ground in Austria - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Austria (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Austria (FOB) - 2023
- Imports of Spices; Nutmeg, Crushed or Ground in Austria
- Exports of Spices; Nutmeg, Crushed or Ground in Austria
Price for Spices; Nutmeg, Crushed or Ground in Austria (CIF) - 2023
In May 2023, the average import price for spices; nutmeg, crushed or ground amounted to $15,048 per ton, growing by 18% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 19% month-to-month. Over the period under review, average import prices reached the maximum in May 2023.
Average prices varied noticeably amongst the major supplying countries. In May 2023, the country with the highest price was Germany ($16,327 per ton), while the price for the Netherlands stood at $14,192 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Austria (FOB) - 2023
The average export price for spices; nutmeg, crushed or ground stood at $22,914 per ton in June 2023, picking up by 3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in November 2022 an increase of 28% month-to-month. Over the period under review, the average export prices hit record highs at $23,778 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Serbia ($44,939 per ton), while the average price for exports to Russia ($19,579 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Austria
In 2022, the amount of spices; nutmeg, crushed or ground imported into Austria amounted to 182 tons, surging by 11% compared with 2021 figures. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports surged to $2.2M in 2022. The total import value increased at an average annual rate of +10.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 23.0 | 1,070 | 4552.2% |
| Germany | 237 | 133 | 356 | 1,008 | 62.0% |
| India | 5.9 | 14.0 | 23.7 | 86.8 | 145.0% |
| Grenada | 198 | 132 | 99.0 | N/A | -29.3% |
| Indonesia | 1,104 | 1,238 | 1,196 | N/A | 4.1% |
| Others | 66.7 | 98.9 | 130 | 37.4 | -17.5% |
| Total | 1,612 | 1,616 | 1,827 | 2,202 | 11.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Austria in 2022:
- Netherlands (96.3 tons)
- Germany (78.8 tons)
- India (5.5 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Austria
In 2022, the amount of spices; nutmeg, crushed or ground exported from Austria totaled 55 tons, surging by 7.8% on the year before. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports reduced to $1M in 2022. Overall, exports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 9.2% against the previous year. As a result, the exports attained the peak of $1.2M, and then shrank in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Austria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 588 | 569 | 644 | 541 | -2.7% |
| Russia | 159 | 150 | 117 | 140 | -4.2% |
| Slovenia | 46.6 | 38.3 | 44.3 | 42.6 | -2.9% |
| Switzerland | 32.6 | 32.2 | 38.2 | 41.7 | 8.6% |
| Hungary | 40.1 | 29.5 | 40.9 | 35.6 | -3.9% |
| Croatia | 24.0 | 44.2 | 33.1 | 34.6 | 13.0% |
| Czech Republic | 30.8 | 35.9 | 28.8 | 33.4 | 2.7% |
| Serbia | 21.6 | 24.8 | 30.6 | 33.3 | 15.5% |
| Slovakia | 9.0 | 26.4 | 23.9 | 30.0 | 49.4% |
| Poland | 19.9 | 19.8 | 33.8 | 24.6 | 7.3% |
| Ukraine | 19.5 | 13.0 | 20.2 | 16.1 | -6.2% |
| Paraguay | 27.8 | 28.5 | 14.8 | N/A | -27.0% |
| Others | 65.4 | 66.1 | 108 | 70.0 | 2.3% |
| Total | 1,084 | 1,078 | 1,177 | 1,043 | -1.3% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Austria in 2022:
- Germany (24.8 tons)
- Russia (9.8 tons)
- Switzerland (3.2 tons)
- Slovenia (2.7 tons)
- Hungary (2.5 tons)
- Czech Republic (2.4 tons)
- Croatia (2.4 tons)
- Slovakia (1.4 tons)
- Poland (1.4 tons)
- Ukraine (1.1 tons)
- Serbia (1.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Austria.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Austria.
4097
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3875
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
8558
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3993
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3875
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
8558
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3993
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
