Price for Spices; Nutmeg, Crushed or Ground in Finland - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Finland (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Finland (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Finland
- Exports of Spices; Nutmeg, Crushed or Ground in Finland
Price for Spices; Nutmeg, Crushed or Ground in Finland (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $20,281 per ton, surging by 3.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 32%. Over the period under review, average import prices attained the peak figure at $25,172 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Sweden ($34,486 per ton), while the price for Vietnam ($13,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Crushed or Ground in Finland (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $2,488 per ton, reducing by -87.7% against the previous year. Over the period under review, the export price recorded a significant contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 12%. The export price peaked at $45,232 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($25,265 per ton), while the average price for exports to Sweden amounted to $1,853 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-5.6%).
Imports of Spices; Nutmeg, Crushed or Ground in Finland
In 2022, approx. 6.2 tons of spices; nutmeg, crushed or ground were imported into Finland; declining by -18% on the previous year's figure. Over the period under review, imports recorded a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports attained the peak of 7.5 tons, and then dropped significantly in the following year.
In value terms, spices; nutmeg, crushed or ground imports contracted dramatically to $125K in 2022. Overall, imports saw a noticeable decline. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports reached the peak of $147K, and then fell sharply in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 81.4 | 58.8 | 68.6 | 62.1 | -8.6% |
| Vietnam | 24.5 | 15.8 | 24.3 | 50.9 | 27.6% |
| Indonesia | 23.8 | 34.4 | 50.0 | 11.6 | -21.3% |
| Others | 3.4 | 3.6 | 4.6 | 0.3 | -55.5% |
| Total | 133 | 113 | 147 | 125 | -2.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Finland in 2022:
- Vietnam (3.8 tons)
- Sweden (1.8 tons)
- Indonesia (0.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Finland
In 2022, approx. 8.2 tons of spices; nutmeg, crushed or ground were exported from Finland; rising by 1,125% against the previous year's figure. Over the period under review, exports showed a significant expansion. 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 skyrocketed to $21K in 2022. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 136% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Spices; Nutmeg, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | N/A | 14.8 | 0% |
| Estonia | 4.7 | 5.8 | 9.3 | 5.5 | 5.4% |
| Russia | N/A | N/A | 4.4 | N/A | 0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 4.7 | 5.8 | 13.7 | 20.5 | 63.4% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Finland in 2022:
- Sweden (8.0 tons)
- Estonia (0.2 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Finland.
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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 Finland.
4068
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
8546
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.
3980
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,
3857
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
8546
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.
3980
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,
