Price for Spices; Nutmeg, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Portugal (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Portugal
- Exports of Spices; Nutmeg, Crushed or Ground in Portugal
Price for Spices; Nutmeg, Crushed or Ground in Portugal (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $17,973 per ton in June 2023, with an increase of 26% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was France ($24,425 per ton), while the price for Spain ($12,258 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Portugal (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $13,324 per ton in 2022, dropping by -7.3% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 26%. Over the period under review, the average export prices attained the peak figure at $37,711 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($17,207 per ton), while the average price for exports to Luxembourg ($1,695 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 Spain (-5.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Portugal
Spices; nutmeg, crushed or ground imports into Portugal rose rapidly to 61 tons in 2022, growing by 12% on the year before. The total import volume increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports shrank slightly to $819K in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 6.2% against the previous year. As a result, imports reached the peak of $836K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Nutmeg, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 385 | 468 | 441 | 291 | -8.9% |
| Spain | 182 | 197 | 202 | 219 | 6.4% |
| Belgium | 40.5 | N/A | N/A | 138 | 50.5% |
| Germany | 94.5 | 120 | 128 | 73.9 | -7.9% |
| Netherlands | 83.8 | 49.3 | 49.3 | 56.4 | -12.4% |
| Poland | N/A | N/A | N/A | 38.7 | 0% |
| Others | 0.8 | 2.1 | 3.2 | 1.7 | 28.6% |
| Total | 787 | 836 | 823 | 819 | 1.3% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Portugal in 2022:
- France (20.6 tons)
- Spain (16.8 tons)
- Belgium (10.3 tons)
- Netherlands (5.3 tons)
- Germany (4.4 tons)
- Poland (3.4 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Portugal
Spices; nutmeg, crushed or ground exports from Portugal amounted to 13 tons in 2022, flattening at 2021 figures. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 49% against the previous year. As a result, the exports reached the peak of 15 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; nutmeg, crushed or ground exports reduced to $168K in 2022. The total export value increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. As a result, the exports reached the peak of $201K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Nutmeg, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 97.6 | 146 | 101 | 97.9 | 0.1% |
| Angola | 17.6 | 9.3 | 32.9 | 27.5 | 16.0% |
| Cabo Verde | 25.8 | 24.3 | 23.3 | 25.8 | 0.0% |
| Mozambique | 0.9 | 4.7 | 3.1 | 6.1 | 89.2% |
| United Kingdom | 2.8 | 4.4 | 5.3 | 3.1 | 3.5% |
| Luxembourg | 0.6 | 1.1 | 1.2 | 0.8 | 10.1% |
| Others | 5.2 | 10.9 | 13.4 | 7.2 | 11.5% |
| Total | 150 | 201 | 180 | 168 | 3.8% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Portugal in 2022:
- Spain (6.4 tons)
- Angola (2.9 tons)
- Cabo Verde (1.5 tons)
- Mozambique (0.8 tons)
- Luxembourg (0.4 tons)
- United Kingdom (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Portugal.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
748
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Portugal.
4099
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3876
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
8560
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.
3994
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,
3876
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
8560
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.
3994
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,
