Price for Spices; Cardamoms, Crushed or Ground in Finland - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Finland (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Finland (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Finland
- Imports of Spices; Cardamoms, Crushed or Ground in Finland
Price for Spices; Cardamoms, Crushed or Ground in Finland (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $24,702 per ton in 2022, waning by -35.6% against the previous year. Over the period under review, the export price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 54% against the previous year. The export price peaked at $38,340 per ton in 2021, and then declined rapidly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($43,506 per ton), while the average price for exports to Estonia stood at $20,982 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Finland (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $35,176 per ton, falling by -13.8% against the previous year. Overall, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 40% against the previous year. The import price peaked at $45,370 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 countries with the highest prices were Germany ($44,212 per ton) and the UK ($43,750 per ton), while the price for Guatemala ($30,936 per ton) and Sweden ($38,424 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+21.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cardamoms, Crushed or Ground in Finland
In 2022, approx. 40 tons of spices; cardamoms, crushed or ground were exported from Finland; surging by 80% against the previous year. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground exports surged to $996K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Spices; Cardamoms, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 597 | 678 | 804 | 703 | 5.6% |
| Sweden | N/A | N/A | 41.9 | 280 | 568.3% |
| Denmark | 55.9 | 41.0 | N/A | N/A | -26.7% |
| Others | 3.5 | 11.2 | 13.6 | 12.1 | 51.2% |
| Total | 656 | 730 | 859 | 996 | 14.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Finland in 2022:
- Estonia (33.5 tons)
- Sweden (6.4 tons)
Imports of Spices; Cardamoms, Crushed or Ground in Finland
For the third year in a row, Finland recorded decline in purchases abroad of spices; cardamoms, crushed or ground, which decreased by -9.4% to 16 tons in 2022. In general, imports continue to indicate a abrupt descent. The smallest decline of -4.7% was in 2021.
In value terms, spices; cardamoms, crushed or ground imports dropped significantly to $555K in 2022. Over the period under review, imports continue to indicate a deep reduction. The smallest decline of -1.9% was in 2021.
| Import of Spices; Cardamoms, Crushed or Ground in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 422 | 78.2 | 39.7 | 297 | -11.0% |
| Sweden | 258 | 383 | 397 | 187 | -10.2% |
| Germany | 69.2 | 120 | 141 | 33.6 | -21.4% |
| Netherlands | 53.4 | 89.3 | 103 | N/A | 38.9% |
| Others | 25.6 | 54.1 | 30.2 | 37.6 | 13.7% |
| Total | 829 | 724 | 711 | 555 | -12.5% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Finland in 2022:
- Guatemala (9.6 tons)
- Sweden (4.9 tons)
- Germany (0.8 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Finland.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Finland.
3966
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3767
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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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,
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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
8400
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.
3847
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,
