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

Contents:

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

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

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $16,860 per ton, with an increase of 19% against the previous year. Overall, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 48%. As a result, import price attained the peak level of $35,421 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($17,030 per ton), while the price for Sri Lanka totaled $14,429 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $6,500 per ton, leveling off at the previous year. Over the period under review, the export price saw a abrupt decrease. The growth pace was the most rapid in 2017 when the average export price increased by 37% against the previous year. The export price peaked at $38,950 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +13.8% per year.

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

In 2022, approx. 107 kg of spices; mace, neither crushed nor ground were imported into Denmark; growing by 7% against 2021. Over the period under review, imports, however, continue to indicate a pronounced decrease.

In value terms, imports of spices; mace, neither crushed nor ground soared to $1.8K in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (100.0 kg)
2. Sri Lanka (7.0 kg)

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

In 2022, the amount of spices; mace, neither crushed nor ground exported from Denmark was estimated at 12 kg, standing approx. at 2021 figures. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of spices; mace, neither crushed nor ground totaled $78 in 2022. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. Netherlands (12.0 kg)

Source: IndexBox Market Intelligence Platform