Price for Spices; Cardamoms, Crushed or Ground in Serbia - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Serbia (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Serbia (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Serbia
- Imports of Spices; Cardamoms, Crushed or Ground in Serbia
Price for Spices; Cardamoms, Crushed or Ground in Serbia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $28,903 per ton, with a decrease of -2.1% against the previous year. Over the period under review, export price indicated prominent growth from 2015 to 2022: its price increased at an average annual rate of +16.1% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; cardamoms, crushed or ground export price increased by +184.3% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 128% against the previous year. Over the period under review, the average export prices attained the maximum at $29,508 per ton in 2021, and then declined modestly in the following year.
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 Bosnia and Herzegovina ($33,605 per ton), while the average price for exports to Croatia ($16,986 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+58.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Serbia (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $12,723 per ton, reducing by -63.4% against the previous year. Overall, the import price saw a mild decrease. The pace of growth was the most pronounced in 2020 an increase of 135% against the previous year. As a result, import price reached the peak level of $38,706 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($46,000 per ton), while the price for Guatemala totaled $11,244 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Crushed or Ground in Serbia
In 2022, exports of spices; cardamoms, crushed or ground from Serbia reduced to 989 kg, dropping by -5.2% compared with the year before. The total export volume increased at an average annual rate of +1.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. As a result, the exports attained the peak of 1 tons, and then dropped in the following year.
In value terms, spices; cardamoms, crushed or ground exports contracted to $29K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $31K, and then dropped in the following year.
| Export of Spices; Cardamoms, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 14.6 | 16.2 | 18.1 | 16.3 | 3.7% |
| Montenegro | 8.5 | 8.2 | 10.5 | 11.0 | 9.0% |
| Croatia | 1.0 | 0.8 | 1.0 | 1.2 | 6.3% |
| Others | N/A | 0.3 | 1.2 | 0.1 | -42.3% |
| Total | 24.1 | 25.6 | 30.8 | 28.6 | 5.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Serbia in 2022:
- Bosnia and Herzegovina (484.0 kg)
- Montenegro (430.0 kg)
- Croatia (73.0 kg)
Imports of Spices; Cardamoms, Crushed or Ground in Serbia
In 2022, supplies from abroad of spices; cardamoms, crushed or ground decreased by -71.3% to 47 kg, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 with an increase of 121%. As a result, imports reached the peak of 279 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, spices; cardamoms, crushed or ground imports declined significantly to $598 in 2022. Overall, imports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 with an increase of 420%. As a result, imports attained the peak of $11K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Cardamoms, Crushed or Ground in Serbia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 602 | 468 | 40.0 | 506 | -5.6% |
| India | 580 | 2,011 | 96.0 | 92.0 | -45.9% |
| Spain | N/A | 4,875 | 2,423 | N/A | -50.3% |
| Germany | 246 | 1,029 | 95.0 | N/A | -37.9% |
| Austria | 220 | 100 | 19.0 | N/A | -70.6% |
| Netherlands | N/A | N/A | 3,022 | N/A | 0% |
| Others | 429 | 2,316 | 3.0 | N/A | -91.6% |
| Total | 2,077 | 10,799 | 5,698 | 598 | -34.0% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Serbia in 2022:
- Guatemala (45.0 kg)
- India (2.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Serbia.
3982
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 Serbia.
3982
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8414
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.
3856
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,
3771
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
8414
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.
3856
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,
