Price for Spices; Cardamoms, Crushed or Ground in Portugal - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Portugal (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Portugal (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Portugal
- Exports of Spices; Cardamoms, Crushed or Ground in Portugal
Price for Spices; Cardamoms, Crushed or Ground in Portugal (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $38,689 per ton, growing by 19% against the previous year. In general, the import price posted a prominent increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 140% against the previous year. The import price peaked at $43,085 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Austria ($59,835 per ton), while the price for the Netherlands ($28,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Portugal (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $61,341 per ton, growing by 87% against the previous year. In general, the export price continues to indicate a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($71,400 per ton), while the average price for exports to Sao Tome and Principe ($10,333 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 Spain (+17.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cardamoms, Crushed or Ground in Portugal
In 2022, the amount of spices; cardamoms, crushed or ground imported into Portugal contracted markedly to 862 kg, reducing by -34.8% on 2021. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 272% against the previous year. As a result, imports reached the peak of 1.3 tons, and then declined rapidly in the following year.
In value terms, spices; cardamoms, crushed or ground imports fell significantly to $33K in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 180%. As a result, imports attained the peak of $43K, and then shrank dramatically in the following year.
| Import of Spices; Cardamoms, Crushed or Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.6 | 1.9 | 20.9 | 16.9 | 86.6% |
| Austria | 6.1 | 9.3 | 7.3 | 8.3 | 10.8% |
| Spain | 6.8 | 2.1 | 7.2 | 7.2 | 1.9% |
| Netherlands | 0.6 | 1.8 | 3.6 | 0.7 | 5.3% |
| United Kingdom | 5.2 | N/A | 3.3 | 0.2 | -66.2% |
| Others | N/A | 0.2 | 0.5 | N/A | 150.0% |
| Total | 21.2 | 15.3 | 42.8 | 33.4 | 16.4% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Portugal in 2022:
- Germany (488.0 kg)
- Spain (204.0 kg)
- Austria (139.0 kg)
- Netherlands (26.0 kg)
- United Kingdom (4.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Portugal
In 2022, the amount of spices; cardamoms, crushed or ground exported from Portugal soared to 41 kg, with an increase of 242% on the previous year's figure. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,425%. As a result, the exports reached the peak of 61 kg. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; cardamoms, crushed or ground exports skyrocketed to $2.5K in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 699%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Cardamoms, Crushed or Ground in Portugal (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | N/A | 1,785 | 0% |
| Angola | 96.0 | N/A | 223 | 668 | 90.9% |
| Sao Tome and Principe | N/A | N/A | N/A | 31.0 | 0% |
| Spain | 20.0 | N/A | N/A | 31.0 | 15.7% |
| Mozambique | N/A | 236 | N/A | N/A | 0% |
| Germany | N/A | 27.0 | 56.0 | N/A | 107.4% |
| Cabo Verde | 19.0 | 815 | 47.0 | N/A | 57.3% |
| United Kingdom | N/A | N/A | 67.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 135 | 1,078 | 393 | 2,515 | 165.1% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Portugal in 2022:
- Brazil (25.0 kg)
- Angola (12.0 kg)
- Sao Tome and Principe (3.0 kg)
- Spain (1.0 kg)
648
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Portugal.
3975
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
648
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Portugal.
3975
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3770
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,
3770
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
8409
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.
3854
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,
