Price for Spices; Cardamoms, Crushed or Ground in Belgium - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Belgium (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Belgium (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Belgium
- Exports of Spices; Cardamoms, Crushed or Ground in Belgium
Price for Spices; Cardamoms, Crushed or Ground in Belgium (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $20,752 per ton, dropping by -13.6% against the previous year. Over the period under review, the import price, however, showed a measured increase. The pace of growth was the most pronounced in 2020 an increase of 50%. As a result, import price reached the peak level of $27,572 per ton. From 2021 to 2022, the average import prices remained at a somewhat 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 France ($51,310 per ton), while the price for Turkey ($6,004 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+146.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Belgium (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $27,813 per ton, falling by -14.7% against the previous year. Over the period under review, the export price, however, enjoyed perceptible growth. The pace of growth was the most pronounced in 2020 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs at $32,622 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($32,166 per ton), while the average price for exports to Spain ($16,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Belgium
In 2022, purchases abroad of spices; cardamoms, crushed or ground decreased by -35.9% to 17 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +12.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 27 tons, and then contracted sharply in the following year.
In value terms, spices; cardamoms, crushed or ground imports dropped remarkably to $354K in 2022. Overall, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 60%.
| Import of Spices; Cardamoms, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 110 | 167 | 292 | 134 | 6.8% |
| Germany | 116 | 148 | 219 | 121 | 1.4% |
| France | 31.9 | 56.5 | 64.8 | 36.6 | 4.7% |
| United Arab Emirates | N/A | N/A | N/A | 18.2 | 0% |
| Spain | 6.0 | 35.3 | 25.1 | 12.1 | 26.3% |
| Turkey | N/A | 2.9 | 5.2 | 5.4 | 36.5% |
| United Kingdom | N/A | 2.8 | 2.4 | 5.0 | 33.6% |
| Others | 14.3 | 33.2 | 31.9 | 22.4 | 16.1% |
| Total | 279 | 445 | 640 | 354 | 8.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Belgium in 2022:
- Netherlands (7.1 tons)
- Germany (5.7 tons)
- Turkey (0.9 tons)
- United Arab Emirates (0.8 tons)
- France (0.7 tons)
- United Kingdom (0.5 tons)
- Spain (0.5 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Belgium
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cardamoms, crushed or ground, when their volume decreased by -29.1% to 9.4 tons. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 110%.
In value terms, spices; cardamoms, crushed or ground exports contracted sharply to $262K in 2022. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 220%.
| Export of Spices; Cardamoms, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.2 | 79.6 | 158 | 117 | 166.2% |
| France | 45.1 | 89.0 | 83.4 | 63.0 | 11.8% |
| Netherlands | 17.1 | 32.6 | 112 | 37.9 | 30.4% |
| Hungary | N/A | 22.5 | 73.6 | 32.4 | 20.0% |
| Spain | 0.1 | 0.3 | 3.2 | 7.4 | 319.8% |
| United Kingdom | 1.6 | 4.5 | 0.3 | 3.2 | 26.0% |
| Others | 2.3 | 3.5 | 3.2 | 1.4 | -15.3% |
| Total | 72.5 | 232 | 434 | 262 | 53.5% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Belgium in 2022:
- Germany (3.6 tons)
- France (2.3 tons)
- Netherlands (1.6 tons)
- Hungary (1.2 tons)
- Spain (0.5 tons)
- United Kingdom (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Belgium.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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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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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