Price for Spices; Mace, Crushed or Ground in Sweden - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Sweden (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Sweden (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Sweden
- Exports of Spices; Mace, Crushed or Ground in Sweden
Price for Spices; Mace, Crushed or Ground in Sweden (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $21,520 per ton in 2022, shrinking by -19.5% against the previous year. In general, the import price saw a mild slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 39%. Over the period under review, average import prices reached the maximum at $26,737 per ton in 2021, and then fell dramatically in the following year.
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 the Netherlands ($30,018 per ton), while the price for Ethiopia ($8,245 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+87.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Sweden (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $34,416 per ton in 2022, growing by 2.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices hit record highs at $40,718 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
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 Norway ($38,034 per ton), while the average price for exports to the Netherlands ($21,540 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 Finland (+103.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in Sweden
In 2022, the amount of spices; mace, crushed or ground imported into Sweden surged to 3.8 tons, with an increase of 38% on the previous year's figure. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 61% against the previous year. As a result, imports reached the peak of 4.1 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mace, crushed or ground imports reached $82K in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 108%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices; Mace, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.4 | 42.9 | 57.4 | 44.4 | 45.5% |
| France | 14.2 | 16.1 | 7.6 | 13.8 | -0.9% |
| Indonesia | 7.4 | 19.4 | 0.2 | 9.7 | 9.4% |
| Denmark | 1.5 | N/A | 6.5 | 6.5 | 63.0% |
| Ethiopia | N/A | N/A | 0.1 | 5.4 | 5300.0% |
| Estonia | 0.8 | 1.4 | N/A | 1.4 | 20.5% |
| Syrian Arab Republic | N/A | 0.6 | 0.1 | N/A | -83.3% |
| Turkey | N/A | 1.4 | 1.5 | N/A | 7.1% |
| Others | 1.0 | 0.2 | 0.9 | 1.2 | 6.3% |
| Total | 39.3 | 81.8 | 74.3 | 82.4 | 28.0% |
Top Suppliers of Spices; Mace, Crushed or Ground to Sweden in 2022:
- Netherlands (1477.0 kg)
- Ethiopia (660.0 kg)
- Indonesia (658.0 kg)
- France (607.0 kg)
- Denmark (295.0 kg)
- Estonia (75.0 kg)
Exports of Spices; Mace, Crushed or Ground in Sweden
In 2022, overseas shipments of spices; mace, crushed or ground decreased by -6.9% to 604 kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 176%. As a result, the exports attained the peak of 709 kg. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; mace, crushed or ground exports dropped modestly to $21K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 88% against the previous year.
| Export of Spices; Mace, Crushed or Ground in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 4.9 | 14.5 | 18.0 | 11.4 | 32.5% |
| Czech Republic | 0.4 | 5.2 | 3.8 | 8.2 | 173.7% |
| Netherlands | 0.3 | N/A | N/A | 1.2 | 58.7% |
| France | 4.7 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 10.5 | 19.7 | 21.9 | 20.8 | 25.6% |
Top Export Markets for Spices; Mace, Crushed or Ground from Sweden in 2022:
- Norway (299.0 kg)
- Czech Republic (250.0 kg)
- Netherlands (55.0 kg)
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