Price for Spices; Mace, Neither Crushed Nor Ground in Austria - 2023

Contents:

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

Price for Spices; Mace, Neither Crushed Nor Ground in Austria (CIF) - 2022

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $25,824 per ton, approximately reflecting the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 52%. Over the period under review, average import prices attained the maximum at $25,985 per ton in 2021, and then shrank slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($29,088 per ton) and India ($28,937 per ton), while the price for the Netherlands ($25,414 per ton) and China ($27,245 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Mace, Neither Crushed Nor Ground in Austria (FOB) - 2022

The average export price for spices; mace, neither crushed nor ground stood at $35,125 per ton in 2022, jumping by 54% against the previous year. Overall, the export price recorded strong growth. The export price peaked at $39,902 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($186,500 per ton), while the average price for exports to France ($33,104 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 Switzerland (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Mace, Neither Crushed Nor Ground in Austria

In 2022, approx. 42 tons of spices; mace, neither crushed nor ground were imported into Austria; with an increase of 40% on the previous year. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +51.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; mace, neither crushed nor ground soared to $1.1M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.2% 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 +96.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Austria in 2022:

1. Netherlands (37.7 tons)
2. Germany (2.2 tons)
3. India (1.2 tons)
4. China (1.0 tons)

Exports of Spices; Mace, Neither Crushed Nor Ground in Austria

In 2022, after three years of growth, there was significant decline in overseas shipments of spices; mace, neither crushed nor ground, when their volume decreased by -93.7% to 510 kg. In general, exports, however, showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 2,399% against the previous year. As a result, the exports attained the peak of 8 tons, and then fell notably in the following year.

In value terms, exports of spices; mace, neither crushed nor ground shrank markedly to $18K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,760%. As a result, the exports attained the peak of $184K, and then declined dramatically in the following year.

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Austria in 2022:

1. France (498.0 kg)

Source: IndexBox Market Intelligence Platform