Price for Spices; Mace, Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Denmark (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Denmark
- Exports of Spices; Mace, Crushed or Ground in Denmark
Price for Spices; Mace, Crushed or Ground in Denmark (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $22,760 per ton, flattening at the previous year. Overall, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mace, crushed or ground import price increased by +96.0% against 2018 indices. The pace of growth was the most pronounced in 2021 an increase of 31% against the previous year. As a result, import price reached the peak level of $22,945 per ton, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($45,965 per ton), while the price for Estonia ($19,749 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Denmark (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $18,931 per ton in 2022, reducing by -5.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 175%. As a result, the export price attained the peak level of $55,000 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
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 Germany ($31,772 per ton), while the average price for exports to Estonia ($14,960 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 (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Mace, Crushed or Ground in Denmark
In 2022, the amount of spices; mace, crushed or ground imported into Denmark skyrocketed to 12 tons, jumping by 28% on the previous year. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, spices; mace, crushed or ground imports skyrocketed to $279K in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 106%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Spices; Mace, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 49.0 | 192 | 291.8% |
| Germany | 71.4 | 30.0 | 63.0 | 36.7 | -19.9% |
| Spain | N/A | N/A | N/A | 27.6 | 0% |
| Austria | N/A | 2.1 | 0.9 | 10.9 | 127.8% |
| Netherlands | 6.2 | 5.4 | 7.0 | 7.7 | 7.5% |
| Indonesia | 43.2 | 69.6 | 98.9 | N/A | 51.3% |
| Others | 0.2 | N/A | 1.6 | 4.2 | 175.9% |
| Total | 121 | 107 | 220 | 279 | 32.1% |
Top Suppliers of Spices; Mace, Crushed or Ground to Denmark in 2022:
- Estonia (9.7 tons)
- Germany (1.2 tons)
- Spain (0.7 tons)
- Austria (0.3 tons)
- Netherlands (0.2 tons)
Exports of Spices; Mace, Crushed or Ground in Denmark
In 2022, overseas shipments of spices; mace, crushed or ground decreased by -5.1% to 907 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 2,812%.
In value terms, spices; mace, crushed or ground exports reduced to $17K in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,126%.
| Export of Spices; Mace, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | N/A | N/A | 6.3 | 8.8 | 39.7% |
| Germany | N/A | N/A | N/A | 4.8 | 0% |
| Estonia | N/A | N/A | 2.3 | 2.2 | -4.3% |
| Poland | 0.4 | 0.3 | 0.6 | 1.3 | 48.1% |
| Netherlands | N/A | 11.8 | 9.8 | N/A | -16.9% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 0.5 | 12.2 | 19.1 | 17.2 | 225.2% |
Top Export Markets for Spices; Mace, Crushed or Ground from Denmark in 2022:
- Sweden (529.0 kg)
- Germany (150.0 kg)
- Estonia (150.0 kg)
- Poland (75.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
596
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
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
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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,
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,
