Price for Spices; Cardamoms, Crushed or Ground in Italy - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Italy (CIF) - 2023
- Price for Spices; Cardamoms, Crushed or Ground in Italy (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Italy
- Exports of Spices; Cardamoms, Crushed or Ground in Italy
Price for Spices; Cardamoms, Crushed or Ground in Italy (CIF) - 2023
The average import price for spices; cardamoms, crushed or ground stood at $17,683 per ton in June 2023, shrinking by -23.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 177% m-o-m. The import price peaked at $66,004 per ton in December 2022; however, from January 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($62,358 per ton), while the price for the United Arab Emirates ($9,621 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Italy (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $16,998 per ton, declining by -48% against the previous year. Over the period under review, the export price recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 85%. As a result, the export price attained the peak level of $39,745 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($66,400 per ton), while the average price for exports to Spain ($10,483 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 (+11.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in Italy
In 2022, the amount of spices; cardamoms, crushed or ground imported into Italy contracted significantly to 4.4 tons, with a decrease of -24.7% against the previous year. Over the period under review, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 123% against the previous year. As a result, imports attained the peak of 5.8 tons, and then dropped significantly in the following year.
In value terms, spices; cardamoms, crushed or ground imports dropped notably to $113K in 2022. In general, imports, however, posted a tangible expansion. The pace of growth appeared the most rapid in 2021 with an increase of 96%. As a result, imports attained the peak of $172K, and then dropped remarkably in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 29.9 | 22.5 | 53.0 | 53.9 | 21.7% |
| Austria | 19.4 | 20.4 | 25.5 | 19.2 | -0.3% |
| Romania | 25.4 | N/A | 23.7 | 18.7 | -9.7% |
| Germany | 20.4 | 17.7 | 20.7 | 17.8 | -4.4% |
| India | N/A | 1.2 | 31.5 | N/A | 2525.0% |
| Nepal | N/A | N/A | 4.8 | N/A | 0% |
| Bangladesh | 2.2 | 25.6 | 12.2 | N/A | 135.5% |
| Others | 1.7 | 0.6 | 0.7 | 3.3 | 24.7% |
| Total | 98.9 | 88.0 | 172 | 113 | 4.5% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Italy in 2022:
- France (3002.0 kg)
- Germany (571.0 kg)
- Romania (376.0 kg)
- Austria (333.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Italy
For the fourth consecutive year, Italy recorded growth in shipments abroad of spices; cardamoms, crushed or ground, which increased by 95% to 4.3 tons in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 228%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; cardamoms, crushed or ground exports amounted to $73K in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 304% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Spices; Cardamoms, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 19.0 | 48.0 | 152.6% |
| Spain | N/A | N/A | N/A | 17.0 | 0% |
| Thailand | N/A | N/A | 1.3 | N/A | 0% |
| Switzerland | 4.4 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | 30.3 | N/A | 0% |
| Others | 2.1 | 26.6 | 21.3 | 7.7 | 54.2% |
| Total | 6.6 | 26.6 | 71.9 | 72.7 | 122.5% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Italy in 2022:
- United States (2.3 tons)
- Spain (1.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
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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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