Price for Spices; Cardamoms, Neither Crushed Nor Ground in Switzerland - 2024

Contents:

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

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

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $28,355 per ton, falling by -23.5% against the previous year. Overall, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 25%. Over the period under review, average import prices hit record highs at $37,758 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($38,944 per ton), while the price for China ($21,141 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $42,256 per ton, shrinking by -26.1% against the previous year. Overall, the export price showed a mild descent. The most prominent rate of growth was recorded in 2016 an increase of 86%. Over the period under review, the average export prices hit record highs at $78,991 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($44,852 per ton), while the average price for exports to Germany totaled $41,290 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+21.1%).

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

Imports of spices; cardamoms, neither crushed nor ground into Switzerland amounted to 22 tons in 2022, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 8.5% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of spices; cardamoms, neither crushed nor ground declined rapidly to $627K in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 32%.

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

1. Guatemala (9.8 tons)
2. India (3.0 tons)
3. Cote d'Ivoire (2.4 tons)
4. Netherlands (2.0 tons)
5. Germany (1.3 tons)
6. China (1.1 tons)
7. France (0.8 tons)
8. United Kingdom (0.7 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cardamoms, neither crushed nor ground, when their volume decreased by -47.2% to 199 kg. Over the period under review, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 56%.

In value terms, exports of spices; cardamoms, neither crushed nor ground reduced sharply to $8.4K in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 154%. As a result, the exports attained the peak of $22K, and then declined significantly in the following year.

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

1. Germany (145.0 kg)
2. Austria (54.0 kg)

Source: IndexBox Market Intelligence Platform