Price for Spices; Nutmeg, Neither Crushed Nor Ground in Greece - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Greece (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Greece (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Greece
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Greece
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Greece (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $13,360 per ton, rising by 15% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The import price peaked at $22,645 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($14,146 per ton) and Italy ($13,552 per ton), while the price for India ($10,648 per ton) and Bulgaria ($11,115 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+13.4%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Greece (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $15,222 per ton, growing by 33% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; nutmeg, neither crushed nor ground increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 160% against the previous year. Over the period under review, the average export prices hit record highs at $19,003 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($22,793 per ton), while the average price for exports to Cyprus totaled $15,017 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+9.0%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Greece
After two years of decline, purchases abroad of spices; nutmeg, neither crushed nor ground increased by 58% to 28 tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $380K in 2022. Over the period under review, imports continue to indicate a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 158 | 129 | 114 | 275 | 20.3% |
| Netherlands | 72.4 | 57.9 | 80.3 | 53.7 | -9.5% |
| Sri Lanka | N/A | 0.5 | 1.0 | 31.4 | 692.5% |
| Spain | 7.2 | 4.4 | 12.8 | 10.9 | 14.8% |
| India | N/A | N/A | 0.6 | 5.3 | 783.3% |
| Others | 23.5 | 11.3 | N/A | 3.9 | -45.0% |
| Total | 261 | 203 | 209 | 380 | 13.3% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Greece in 2022:
- Italy (20.3 tons)
- Netherlands (3.8 tons)
- Sri Lanka (2.6 tons)
- Spain (0.9 tons)
- India (0.5 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Greece
In 2022, shipments abroad of spices; nutmeg, neither crushed nor ground decreased by -35.7% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 260%.
In value terms, exports of spices; nutmeg, neither crushed nor ground shrank to $17K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 195%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 1.9 | 11.2 | 14.2 | 15.9 | 103.0% |
| Germany | 1.7 | 3.4 | 1.9 | 0.7 | -25.6% |
| Ireland | 0.3 | 2.7 | N/A | N/A | 800.0% |
| Malta | 0.9 | 1.4 | N/A | N/A | 55.6% |
| Albania | 1.3 | N/A | 1.9 | N/A | 20.9% |
| Others | 0.3 | 0.2 | 1.4 | N/A | 116.0% |
| Total | 6.4 | 18.8 | 19.4 | 16.6 | 37.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Greece in 2022:
- Cyprus (1058.0 kg)
- Germany (29.0 kg)
664
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Greece.
4070
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
664
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Greece.
4070
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3857
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
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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.
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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,
3857
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
8546
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.
3980
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,
