Price for Spices; Nutmeg, Crushed or Ground in Italy - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Italy (FOB) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Italy (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Italy
- Imports of Spices; Nutmeg, Crushed or Ground in Italy
Price for Spices; Nutmeg, Crushed or Ground in Italy (FOB) - 2023
The average export price for spices; nutmeg, crushed or ground stood at $6,225 per ton in May 2023, dropping by -48.4% against the previous month. Overall, the export price showed a pronounced slump. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 26% month-to-month. The export price peaked at $12,243 per ton in February 2023; however, from March 2023 to May 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($23,835 per ton), while the average price for exports to the Czech Republic ($619 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Italy (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $11,138 per ton in 2022, growing by 4.4% against the previous year. Overall, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. The import price peaked at $19,151 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($15,526 per ton), while the price for France ($8,562 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-3.7%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Nutmeg, Crushed or Ground in Italy
In 2022, the amount of spices; nutmeg, crushed or ground exported from Italy declined to 364 tons, which is down by -5.3% against the previous year. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of 384 tons, and then shrank in the following year.
In value terms, spices; nutmeg, crushed or ground exports amounted to $3.7M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Nutmeg, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 726 | 601 | 898 | 986 | 10.7% |
| United Kingdom | 713 | 825 | 744 | 908 | 8.4% |
| France | 395 | 525 | 598 | 636 | 17.2% |
| Greece | 284 | 126 | 239 | 269 | -1.8% |
| Poland | 25.4 | 21.1 | 223 | 252 | 114.9% |
| Netherlands | 115 | 159 | 311 | 192 | 18.6% |
| Germany | 56.9 | 68.5 | 145 | 185 | 48.1% |
| Others | 135 | 83.8 | 344 | 248 | 22.5% |
| Total | 2,450 | 2,410 | 3,502 | 3,676 | 14.5% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Italy in 2022:
- Spain (95.0 tons)
- United Kingdom (94.2 tons)
- France (73.3 tons)
- Poland (22.1 tons)
- Greece (21.9 tons)
- Germany (17.9 tons)
- Netherlands (14.5 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Italy
After three years of growth, overseas purchases of spices; nutmeg, crushed or ground decreased by -4.3% to 227 tons in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 30%.
In value terms, spices; nutmeg, crushed or ground imports dropped modestly to $2.5M 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 +22.7% 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 +84.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 44%. As a result, imports reached the peak of $2.5M, leveling off in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 709 | 819 | 1,224 | 816 | 4.8% |
| Vietnam | 159 | 360 | 229 | 770 | 69.2% |
| Germany | 264 | 242 | 364 | 269 | 0.6% |
| Netherlands | 12.0 | 61.5 | 240 | 262 | 179.5% |
| Poland | 60.5 | 44.3 | 97.7 | 134 | 30.4% |
| France | 12.9 | 22.9 | 96.7 | 102 | 99.2% |
| Belgium | 58.9 | 157 | 185 | 97.8 | 18.4% |
| Others | 89.3 | 44.3 | 90.4 | 74.9 | -5.7% |
| Total | 1,366 | 1,751 | 2,527 | 2,524 | 22.7% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Italy in 2022:
- Vietnam (81.1 tons)
- Indonesia (78.1 tons)
- Netherlands (18.7 tons)
- Germany (17.5 tons)
- France (11.9 tons)
- Poland (9.3 tons)
- Belgium (6.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
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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 Italy.
4149
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3897
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
8591
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.
4025
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,
3897
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
8591
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.
4025
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,
