Price for Spices; Nutmeg, Crushed or Ground in Sweden - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Sweden (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Sweden (CIF) - 2023
- Exports of Spices; Nutmeg, Crushed or Ground in Sweden
- Imports of Spices; Nutmeg, Crushed or Ground in Sweden
Price for Spices; Nutmeg, Crushed or Ground in Sweden (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $21,472 per ton, picking up by 20% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $30,652 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Finland ($36,582 per ton), while the average price for exports to Estonia ($12,260 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 Denmark (+4.8%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Sweden (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $12,407 per ton in May 2023, declining by -6.3% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 25% m-o-m. Over the period under review, average import prices hit record highs at $14,432 per ton in March 2023; however, from April 2023 to May 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Estonia.
From May 2022 to May 2023, the rate of growth in terms of prices for the Netherlands amounted to +1.8% per month.
Exports of Spices; Nutmeg, Crushed or Ground in Sweden
In 2022, shipments abroad of spices; nutmeg, crushed or ground decreased by -23.4% to 24 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 32%. As a result, the exports reached the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, spices; nutmeg, crushed or ground exports dropped to $509K in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 19%.
| Export of Spices; Nutmeg, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 104 | 220 | 221 | 259 | 35.5% |
| Denmark | 171 | 184 | 173 | 124 | -10.2% |
| Finland | 100 | 64.7 | 101 | 73.2 | -9.9% |
| Estonia | 30.9 | 37.5 | 35.4 | 36.8 | 6.0% |
| Ireland | N/A | N/A | 8.0 | 9.5 | 18.8% |
| Others | 20.9 | 3.1 | 16.5 | 5.5 | -35.9% |
| Total | 426 | 509 | 555 | 509 | 6.1% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Sweden in 2022:
- Norway (14.0 tons)
- Denmark (4.0 tons)
- Estonia (3.0 tons)
- Finland (2.0 tons)
- Ireland (0.4 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Sweden
In 2022, overseas purchases of spices; nutmeg, crushed or ground were finally on the rise to reach 57 tons after two years of decline. Over the period under review, imports, however, recorded a perceptible slump.
In value terms, spices; nutmeg, crushed or ground imports soared to $723K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 299 | 312 | 341 | 476 | 16.8% |
| Indonesia | 112 | 79.7 | 47.3 | 153 | 11.0% |
| Estonia | N/A | 16.2 | 34.6 | 46.3 | 69.1% |
| Germany | 52.0 | 24.9 | 23.5 | 18.2 | -29.5% |
| India | N/A | N/A | N/A | 13.3 | 0% |
| Denmark | 45.7 | 36.0 | 10.1 | 10.3 | -39.1% |
| Vietnam | 48.5 | N/A | N/A | N/A | 0% |
| Others | 5.7 | 28.7 | 37.9 | 6.3 | 3.4% |
| Total | 563 | 498 | 494 | 723 | 8.7% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Sweden in 2022:
- Netherlands (36.0 tons)
- Indonesia (13.0 tons)
- Estonia (5.0 tons)
- India (1.0 tons)
- Germany (1.0 tons)
- Denmark (0.8 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sweden.
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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 Sweden.
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
8559
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,
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
8559
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,
