Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $11,053 per ton in 2022, picking up by 20% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 73% against the previous year. Over the period under review, average import prices attained the maximum at $18,109 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Indonesia ($12,211 per ton), while the price for Latvia ($5,314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $13,557 per ton, increasing by 3% against the previous year. Over the period under review, the export price, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 239% against the previous year. As a result, the export price reached the peak level of $96,763 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Serbia ($14,069 per ton) and Georgia ($13,300 per ton), while the average price for exports to North Macedonia ($13,138 per ton) and Greece ($13,212 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; nutmeg, neither crushed nor ground, when their volume decreased by -62.1% to 3.9 tons. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 101%. As a result, imports attained the peak of 10 tons, and then shrank sharply in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted remarkably to $43K in 2022. Over the period under review, imports, however, saw slight growth. The growth pace was the most rapid in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of $95K, and then contracted markedly in the following year.
Import of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | N/A | 17.6 | 22.5 | 24.4 | 17.7% |
Spain | N/A | 9.6 | 38.4 | 15.8 | 28.3% |
Latvia | N/A | N/A | 19.6 | 3.0 | -84.7% |
Poland | 37.4 | N/A | 14.5 | N/A | -37.7% |
Netherlands | 0.5 | 18.6 | N/A | N/A | 3620.0% |
Others | 2.9 | 4.8 | N/A | N/A | 65.5% |
Total | 40.9 | 50.6 | 95.0 | 43.3 | 1.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Bulgaria in 2022:
- Indonesia (2000.0 kg)
- Spain (1350.0 kg)
- Latvia (566.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -38% to 1.6 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by 80% against the previous year.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined dramatically to $21K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 114%.
Export of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Serbia | 0.2 | 17.1 | 21.6 | 9.8 | 265.9% |
Georgia | 1.9 | N/A | 6.9 | 6.7 | 52.2% |
Greece | 0.3 | 0.9 | 0.7 | 2.8 | 110.5% |
North Macedonia | 3.4 | 1.3 | 0.4 | 0.9 | -35.8% |
Cyprus | 1.0 | N/A | 1.6 | N/A | 26.5% |
Moldova | 1.4 | N/A | N/A | N/A | 0% |
Italy | 1.8 | 2.0 | 2.1 | N/A | 8.0% |
Others | N/A | N/A | N/A | 1.1 | 0% |
Total | 9.9 | 21.3 | 33.2 | 21.2 | 28.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Bulgaria in 2022:
- Serbia (700.0 kg)
- Georgia (500.0 kg)
- Greece (212.0 kg)
- North Macedonia (65.0 kg)
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bulgaria.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Bulgaria.
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
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.
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,
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
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.
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,