Price for Spices; Nutmeg, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Hungary (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Hungary (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Hungary
- Exports of Spices; Nutmeg, Crushed or Ground in Hungary
Price for Spices; Nutmeg, Crushed or Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $9,544 per ton, picking up by 11% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The import price peaked at $22,894 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovakia ($17,908 per ton), while the price for the Czech Republic ($6,275 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Hungary (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $9,589 per ton in 2022, waning by -2% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2020 an increase of 58% against the previous year. The export price peaked at $30,363 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($12,825 per ton), while the average price for exports to Croatia ($8,130 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 Croatia (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Hungary
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; nutmeg, crushed or ground, when their volume decreased by -17.7% to 31 tons. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 87%.
In value terms, spices; nutmeg, crushed or ground imports declined to $293K in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 94%.
| Import of Spices; Nutmeg, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 99.3 | 195 | 131 | 175 | 20.8% |
| Germany | 22.8 | 41.7 | 56.9 | 46.8 | 27.1% |
| Czech Republic | 0.3 | 4.6 | 38.5 | 36.1 | 393.7% |
| Slovakia | 4.0 | 8.3 | 10.0 | 11.3 | 41.4% |
| Poland | N/A | 28.3 | 22.8 | 11.0 | -37.7% |
| Austria | 22.3 | 2.5 | 2.6 | 5.2 | -38.4% |
| Latvia | N/A | 7.4 | 10.3 | 5.1 | -17.0% |
| Belgium | 10.5 | 8.6 | 7.8 | N/A | -13.8% |
| Indonesia | N/A | N/A | 35.7 | N/A | 0% |
| Romania | 2.6 | 11.4 | 5.1 | N/A | 40.1% |
| Others | 0.5 | 8.3 | 0.3 | 2.4 | 68.7% |
| Total | 162 | 316 | 321 | 293 | 21.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Hungary in 2022:
- Netherlands (18.0 tons)
- Czech Republic (5.8 tons)
- Germany (3.4 tons)
- Poland (1.5 tons)
- Latvia (0.7 tons)
- Slovakia (0.6 tons)
- Austria (0.4 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Hungary
In 2022, after three years of growth, there was significant decline in overseas shipments of spices; nutmeg, crushed or ground, when their volume decreased by -41.7% to 4.6 tons. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 271%.
In value terms, spices; nutmeg, crushed or ground exports contracted significantly to $44K in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 with an increase of 485% against the previous year.
| Export of Spices; Nutmeg, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.5 | 32.9 | 15.9 | 463.9% |
| Romania | 1.8 | 2.9 | 5.7 | 7.1 | 58.0% |
| Croatia | N/A | 8.4 | 5.0 | 6.3 | -13.4% |
| Austria | 0.1 | 0.2 | 7.1 | 3.8 | 236.2% |
| Moldova | N/A | N/A | 0.8 | 2.8 | 250.0% |
| Slovenia | N/A | 1.8 | 1.7 | 2.7 | 22.5% |
| Slovakia | 0.1 | 1.0 | 8.2 | 1.3 | 135.1% |
| Greece | N/A | 12.5 | 9.4 | 1.1 | -70.3% |
| Czech Republic | 5.1 | 0.3 | 1.7 | 0.4 | -57.2% |
| South Africa | 0.5 | 17.1 | N/A | N/A | 3320.0% |
| Others | 0.3 | 1.3 | 5.2 | 2.9 | 113.0% |
| Total | 7.9 | 46.1 | 77.8 | 44.4 | 77.8% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Hungary in 2022:
- Germany (1753.0 kg)
- Croatia (776.0 kg)
- Romania (555.0 kg)
- Austria (417.0 kg)
- Moldova (325.0 kg)
- Slovenia (237.0 kg)
- Slovakia (135.0 kg)
- Greece (125.0 kg)
- Czech Republic (40.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
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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 Hungary.
4072
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
8548
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
8548
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,
