Price for Spices; Mace, Crushed or Ground in Italy - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Italy (FOB) - 2022
- Price for Spices; Mace, Crushed or Ground in Italy (CIF) - 2022
- Exports of Spices; Mace, Crushed or Ground in Italy
- Imports of Spices; Mace, Crushed or Ground in Italy
Price for Spices; Mace, Crushed or Ground in Italy (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $19,684 per ton, declining by -5.5% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 28%. The export price peaked at $25,197 per ton in 2012; however, from 2013 to 2022, the 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 Belgium ($43,366 per ton), while the average price for exports to the UK ($18,905 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 Belgium (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Italy (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $21,589 per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2013 an increase of 60%. The import price peaked at $23,383 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($34,407 per ton), while the price for Indonesia ($19,792 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Mace, Crushed or Ground in Italy
After three years of growth, overseas shipments of spices; mace, crushed or ground decreased by -52.2% to 12 tons in 2022. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2020 when exports increased by 21% against the previous year.
In value terms, spices; mace, crushed or ground exports contracted rapidly to $236K in 2022. In general, exports showed a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by 56% against the previous year.
| Export of Spices; Mace, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 268 | 438 | 447 | 182 | -12.1% |
| France | 39.1 | 37.2 | 21.0 | 28.5 | -10.0% |
| Spain | 18.2 | 10.4 | 4.1 | 18.1 | -0.2% |
| Slovakia | N/A | 22.8 | 46.1 | N/A | 102.2% |
| Others | 6.1 | 8.3 | 3.4 | 6.8 | 3.7% |
| Total | 332 | 516 | 521 | 236 | -10.8% |
Top Export Markets for Spices; Mace, Crushed or Ground from Italy in 2022:
- United Kingdom (9.6 tons)
- France (1.3 tons)
- Spain (0.8 tons)
Imports of Spices; Mace, Crushed or Ground in Italy
In 2022, spices; mace, crushed or ground imports into Italy skyrocketed to 6 tons, picking up by 32% on the year before. Overall, imports, however, continue to indicate a pronounced setback.
In value terms, spices; mace, crushed or ground imports surged to $130K in 2022. In general, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.6% 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 +54.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mace, Crushed or Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 33.3 | N/A | N/A | 91.1 | 39.9% |
| Netherlands | 59.9 | 35.2 | 56.1 | 26.6 | -23.7% |
| Germany | 25.9 | 15.7 | 12.8 | 10.3 | -26.5% |
| Spain | N/A | N/A | 16.1 | N/A | 0% |
| Vietnam | N/A | 32.6 | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 11.3 | N/A | 0% |
| Others | 1.3 | 0.4 | 3.0 | 1.9 | 13.5% |
| Total | 120 | 83.9 | 99.3 | 130 | 2.7% |
Top Suppliers of Spices; Mace, Crushed or Ground to Italy in 2022:
- Indonesia (4.6 tons)
- Netherlands (1.1 tons)
- Germany (0.3 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 Italy.
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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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