Price for Spices; Cardamoms, Crushed or Ground in the UK - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in the UK (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in the UK (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in the UK
- Imports of Spices; Cardamoms, Crushed or Ground in the UK
Price for Spices; Cardamoms, Crushed or Ground in the UK (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $16,968 per ton, reducing by -17.3% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average export price increased by 31%. Over the period under review, the average export prices hit record highs at $20,516 per ton in 2021, and then fell significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($32,875 per ton), while the average price for exports to Belgium ($11,452 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 Germany (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in the UK (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $16,816 per ton, dropping by -34.6% against the previous year. Over the period under review, the import price, however, posted a measured expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 63% against the previous year. The import price peaked at $25,695 per ton in 2021, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Guatemala ($21,625 per ton), while the price for Indonesia ($6,710 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 (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Spices; Cardamoms, Crushed or Ground in the UK
In 2022, shipments abroad of spices; cardamoms, crushed or ground decreased by -35.4% to 34 tons, falling for the second year in a row after two years of growth. In general, exports saw a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 64% against the previous year. As a result, the exports reached the peak of 93 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; cardamoms, crushed or ground exports declined significantly to $584K in 2022. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 89% against the previous year. As a result, the exports reached the peak of $1.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Cardamoms, Crushed or Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 30.0 | 11.4 | 592 | 246 | 101.7% |
| Poland | 93.5 | 206 | 107 | 130 | 11.6% |
| Ireland | 62.0 | 86.8 | 130 | 119 | 24.3% |
| France | 7.8 | 9.2 | 39.6 | 33.2 | 62.1% |
| Spain | 5.8 | 13.3 | N/A | 28.2 | 69.4% |
| Belgium | 10.5 | 9.6 | 41.1 | 18.7 | 21.2% |
| Germany | 64.4 | 253 | 7.0 | 2.4 | -66.6% |
| Austria | 195 | 347 | 92.6 | N/A | -31.1% |
| United States | 166 | 347 | 44.3 | N/A | -48.3% |
| Denmark | 48.6 | 94.8 | 2.5 | N/A | -77.3% |
| Italy | 115 | 183 | N/A | N/A | 59.1% |
| Others | 49.9 | 39.0 | 36.7 | 6.8 | -48.5% |
| Total | 848 | 1,599 | 1,093 | 584 | -11.7% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from the UK in 2022:
- Netherlands (12.6 tons)
- Poland (8.8 tons)
- Ireland (8.0 tons)
- France (1.7 tons)
- Belgium (1.6 tons)
- Spain (1.3 tons)
- Germany (0.1 tons)
Imports of Spices; Cardamoms, Crushed or Ground in the UK
In 2022, the amount of spices; cardamoms, crushed or ground imported into the UK soared to 73 tons, picking up by 73% on the previous year. In general, imports saw resilient growth.
In value terms, spices; cardamoms, crushed or ground imports rose markedly to $1.2M in 2022. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 94%. As a result, imports attained the peak of $2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Cardamoms, Crushed or Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 361 | 599 | 432 | 487 | 10.5% |
| Guatemala | 113 | 488 | 1.3 | 291 | 37.1% |
| Netherlands | 176 | 410 | 245 | 275 | 16.0% |
| India | 206 | 221 | 184 | 56.3 | -35.1% |
| Germany | 51.6 | 72.0 | 137 | 29.5 | -17.0% |
| Lebanon | 4.1 | 6.6 | 13.0 | 21.0 | 72.4% |
| Tanzania | N/A | N/A | N/A | 15.7 | 0% |
| Indonesia | N/A | 94.1 | N/A | 9.3 | -68.6% |
| France | 91.6 | 74.5 | 46.2 | N/A | -29.0% |
| Others | 20.5 | 22.7 | 24.0 | 41.7 | 26.7% |
| Total | 1,024 | 1,988 | 1,082 | 1,226 | 6.2% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to the UK in 2022:
- Spain (31.1 tons)
- Netherlands (17.8 tons)
- Guatemala (13.5 tons)
- India (4.0 tons)
- Tanzania (1.7 tons)
- Indonesia (1.4 tons)
- Lebanon (1.3 tons)
- Germany (0.7 tons)
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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 the UK.
4045
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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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
8495
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.
3936
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,
