Price for Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $13,903 per ton in 2022, reducing by -19.6% against the previous year. Overall, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 147% against the previous year. The import price peaked at $27,233 per ton in 2020; however, from 2021 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 the Czech Republic ($22,667 per ton), while the price for Guatemala ($12,134 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $30,780 per ton, waning by -19.8% against the previous year. Overall, the export price, however, continues to indicate noticeable growth. The growth pace was the most rapid in 2020 an increase of 41%. The export price peaked at $38,386 per ton in 2021, and then contracted markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for Hungary.
From 2012 to 2022, the rate of growth in terms of prices for the Czech Republic amounted to +8.2% per year.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia
For the third consecutive year, Slovakia recorded decline in overseas purchases of spices; cardamoms, neither crushed nor ground, which decreased by -31.3% to 628 kg in 2022. Over the period under review, imports recorded a precipitous setback. The smallest decline of -4.8% was in 2021.
In value terms, imports of spices; cardamoms, neither crushed nor ground shrank dramatically to $8.7K in 2022. Overall, imports faced a sharp decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $26K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 0.5 | 17.8 | 13.9 | 4.9 | 114.0% |
| Vietnam | 8.0 | 5.7 | N/A | 3.3 | -25.6% |
| Czech Republic | 1.7 | 2.1 | 1.7 | 0.2 | -51.0% |
| Netherlands | 10.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.6 | 0.2 | 0.4 | 58.7% |
| Total | 20.5 | 26.1 | 15.8 | 8.7 | -24.9% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Slovakia in 2022:
- Guatemala (403.0 kg)
- Vietnam (200.0 kg)
- Czech Republic (9.0 kg)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia
After three years of growth, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -67.1% to 141 kg in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 448% against the previous year.
In value terms, exports of spices; cardamoms, neither crushed nor ground dropped notably to $4.3K in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 675% against the previous year.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 1.2 | 8.1 | 11.7 | 4.3 | 53.0% |
| Czech Republic | 0.2 | 3.5 | 4.0 | N/A | 347.2% |
| Austria | 0.2 | 0.5 | 0.7 | N/A | 87.1% |
| Others | N/A | 0.3 | N/A | N/A | 0% |
| Total | 1.6 | 12.5 | 16.4 | 4.3 | 39.0% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Slovakia in 2022:
- Hungary (139.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Slovakia.
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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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