Price for Spices; Cardamoms, Neither Crushed Nor Ground in Croatia - 2023

Contents:

  1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (CIF) - 2022
  2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (FOB) - 2022
  3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia
  4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (CIF) - 2022

The average import price for spices; cardamoms, neither crushed nor ground stood at $12,709 per ton in 2022, surging by 5.7% against the previous year. Over the period under review, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $28,000 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($53,263 per ton), while the price for the Netherlands ($5,194 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $69,296 per ton in 2022, with an increase of 4.5% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2015 when the average export price increased by 41%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($106,400 per ton), while the average price for exports to Albania ($49,200 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+117.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia

In 2022, supplies from abroad of spices; cardamoms, neither crushed nor ground decreased by -50.3% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2020 when imports increased by 112% against the previous year.

In value terms, imports of spices; cardamoms, neither crushed nor ground contracted notably to $20K in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, imports attained the peak of $43K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany8.813.15.813.214.5%
Netherlands2.323.011.94.827.8%
Austria8.85.93.41.0-51.6%
Spain5.4N/A14.3N/A62.7%
Others1.40.62.10.6-24.6%
Total26.642.637.519.7-9.5%

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Croatia in 2022:

  1. Netherlands (933.0 kg)
  2. Germany (584.0 kg)
  3. Austria (19.0 kg)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia

Exports of spices; cardamoms, neither crushed nor ground from Croatia expanded significantly to 115 kg in 2022, picking up by 7.5% against 2021. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 78%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of spices; cardamoms, neither crushed nor ground stood at $8K in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 107%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ItalyN/AN/A3.22.7-15.6%
Bosnia and Herzegovina1.52.52.62.721.6%
Montenegro0.40.50.90.931.0%
BelgiumN/AN/AN/A0.70%
SloveniaN/AN/A0.10.4300.0%
Albania0.20.4N/A0.20.0%
Serbia0.1N/A0.30.226.0%
OthersN/AN/AN/A0.10%
Total2.13.47.18.056.2%

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Croatia in 2022:

  1. Italy (54.0 kg)
  2. Bosnia and Herzegovina (25.0 kg)
  3. Belgium (15.0 kg)
  4. Montenegro (9.0 kg)
  5. Albania (5.0 kg)
  6. Slovenia (4.0 kg)
  7. Serbia (2.0 kg)

Source: IndexBox Market Intelligence Platform

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