Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ireland - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $7,708 per ton in 2022, declining by -45% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 an increase of 84% against the previous year. Over the period under review, average import prices hit record highs at $15,471 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($16,855 per ton), while the price for Belgium ($2,948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $9,327 per ton in 2022, with an increase of 13% against the previous year. Overall, export price indicated a buoyant increase from 2018 to 2022: its price increased at an average annual rate of +16.9% over the last four-year period. 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 +86.5% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($19,333 per ton), while the average price for exports to Malta ($5,500 per ton) was amongst the lowest.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland
Imports of spices; nutmeg, neither crushed nor ground into Ireland skyrocketed to 4.9 tons in 2022, rising by 103% compared with 2021. In general, imports enjoyed a significant expansion. 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 expanded markedly to $38K in 2022. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 81%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.2 | N/A | N/A | 26.6 | 410.4% |
| Belgium | N/A | N/A | N/A | 9.4 | 0% |
| United Kingdom | 10.6 | 17.1 | N/A | 0.2 | -73.4% |
| United Arab Emirates | N/A | N/A | 34.0 | N/A | 0% |
| Others | 0.5 | 1.6 | N/A | 1.6 | 47.4% |
| Total | 11.3 | 18.7 | 34.0 | 37.9 | 49.7% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Ireland in 2022:
- Belgium (3.2 tons)
- Indonesia (1.6 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -87.7% to 52 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 37,000%.
In value terms, exports of spices; nutmeg, neither crushed nor ground contracted markedly to $485 in 2022. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 37,829%.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Ireland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 3,321 | 416 | -87.5% |
| Cyprus | N/A | N/A | N/A | 58.0 | 0% |
| Malta | N/A | N/A | 21.0 | 11.0 | -47.6% |
| Netherlands | 7.0 | 727 | 158 | N/A | 375.1% |
| Georgia | N/A | 1,928 | 12.0 | N/A | -99.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 2,655 | 3,512 | 485 | 310.7% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Ireland in 2022:
- United Kingdom (47.0 kg)
- Cyprus (3.0 kg)
- Malta (2.0 kg)
625
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ireland.
4097
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
625
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ireland.
4097
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
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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.
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
8558
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,
