Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria - 2023

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (CIF) - 2022
  2. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria (FOB) - 2022
  3. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Bulgaria
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
IndonesiaN/A17.622.524.417.7%
SpainN/A9.638.415.828.3%
LatviaN/AN/A19.63.0-84.7%
Poland37.4N/A14.5N/A-37.7%
Netherlands0.518.6N/AN/A3620.0%
Others2.94.8N/AN/A65.5%
Total40.950.695.043.31.9%

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Bulgaria in 2022:

  1. Indonesia (2000.0 kg)
  2. Spain (1350.0 kg)
  3. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Serbia0.217.121.69.8265.9%
Georgia1.9N/A6.96.752.2%
Greece0.30.90.72.8110.5%
North Macedonia3.41.30.40.9-35.8%
Cyprus1.0N/A1.6N/A26.5%
Moldova1.4N/AN/AN/A0%
Italy1.82.02.1N/A8.0%
OthersN/AN/AN/A1.10%
Total9.921.333.221.228.9%

Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Bulgaria in 2022:

  1. Serbia (700.0 kg)
  2. Georgia (500.0 kg)
  3. Greece (212.0 kg)
  4. North Macedonia (65.0 kg)

Source: IndexBox Market Intelligence Platform

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