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

Contents:

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

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

The average import price for spices; cardamoms, neither crushed nor ground stood at $23,609 per ton in 2022, declining by -3.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 60%. Over the period under review, average import prices attained the maximum at $25,711 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($36,590 per ton), while the price for Latvia ($12,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $49,764 per ton, with a decrease of -5.4% against the previous year. Overall, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 337% against the previous year. The export price peaked at $52,579 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($51,121 per ton), while the average price for exports to Hungary ($31,000 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 Hungary (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, overseas purchases of spices; cardamoms, neither crushed nor ground decreased by -15.7% to 8.9 tons in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 79%.

In value terms, imports of spices; cardamoms, neither crushed nor ground reduced dramatically to $211K in 2022. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 110%.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany46.746.812714746.6%
Latvia14.578.452.150.751.8%
Austria2.94.46.86.530.9%
Poland2.53.00.74.319.8%
Netherlands22.261.565.60.8-67.0%
Others7.58.86.61.8-37.9%
Total96.320325921129.9%

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

  1. Latvia (4.2 tons)
  2. Germany (4.2 tons)
  3. Poland (0.3 tons)
  4. Austria (0.2 tons)

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

In 2022, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -58.4% to 1.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 64% against the previous year. As a result, the exports reached the peak of 3 tons, and then fell rapidly in the following year.

In value terms, exports of spices; cardamoms, neither crushed nor ground contracted markedly to $62K in 2022. Over the period under review, exports recorded a mild descent. The growth pace was the most rapid in 2021 when exports increased by 75%. As a result, the exports reached the peak of $156K, and then dropped remarkably in the following year.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany54.475.412145.0-6.1%
Italy2.9N/A22.915.273.7%
France1.32.69.40.1-57.5%
Hungary3.19.5N/A0.1-68.2%
Others1.81.82.71.3-10.3%
Total63.589.315661.7-1.0%

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

  1. Germany (923.0 kg)
  2. Italy (298.0 kg)
  3. Hungary (2.0 kg)
  4. France (1.0 kg)

Source: IndexBox Market Intelligence Platform

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