Price for Spices; Mace, Neither Crushed Nor Ground in Italy - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Italy (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Italy (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Italy
- Exports of Spices; Mace, Neither Crushed Nor Ground in Italy
Price for Spices; Mace, Neither Crushed Nor Ground in Italy (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $21,193 per ton, declining by -6.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 40% against the previous year. The import price peaked at $22,685 per ton in 2021, and then contracted in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($25,547 per ton), while the price for Indonesia amounted to $20,902 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.5%).
Price for Spices; Mace, Neither Crushed Nor Ground in Italy (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $24,678 per ton in 2022, dropping by -2% against the previous year. In general, the export price showed a slight setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 60% against the previous year. The export price peaked at $27,754 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($41,338 per ton), while the average price for exports to France ($18,253 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 Bulgaria (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Neither Crushed Nor Ground in Italy
For the fourth year in a row, Italy recorded growth in supplies from abroad of spices; mace, neither crushed nor ground, which increased by 13% to 50 tons in 2022. The total import volume increased at an average annual rate of +11.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 rose markedly to $1.1M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.7% 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 +80.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Spices; Mace, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 416 | 869 | 889 | 999 | 33.9% |
| Netherlands | 154 | N/A | 91.1 | 30.9 | -41.5% |
| Others | 15.1 | 35.4 | 24.0 | 25.4 | 18.9% |
| Total | 585 | 904 | 1,004 | 1,056 | 21.8% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Italy in 2022:
- Indonesia (47.8 tons)
- Netherlands (1.2 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Italy
For the third year in a row, Italy recorded decline in shipments abroad of spices; mace, neither crushed nor ground, which decreased by -6.5% to 4 tons in 2022. In general, exports faced a sharp curtailment.
In value terms, exports of spices; mace, neither crushed nor ground declined to $99K in 2022. Over the period under review, exports saw a abrupt decline.
| Export of Spices; Mace, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 112 | N/A | 0.2 | 50.8 | -23.2% |
| France | 14.6 | 10.1 | 14.4 | 14.8 | 0.5% |
| Czech Republic | N/A | N/A | 2.8 | 8.6 | 207.1% |
| Poland | N/A | 4.7 | 2.5 | 7.3 | 24.6% |
| Belgium | N/A | 5.6 | 5.9 | 4.9 | -6.5% |
| Bulgaria | N/A | 1.0 | 0.9 | 3.2 | 78.9% |
| Malta | 0.5 | 1.0 | 0.6 | 2.4 | 68.7% |
| Hungary | 1.3 | 1.3 | 0.7 | 1.6 | 7.2% |
| United Kingdom | 26.3 | 99.3 | 58.1 | N/A | 48.6% |
| Others | 2.2 | 0.2 | 22.2 | 5.5 | 35.7% |
| Total | 157 | 123 | 108 | 99.2 | -14.2% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Italy in 2022:
- Germany (2067.0 kg)
- France (811.0 kg)
- Poland (321.0 kg)
- Czech Republic (253.0 kg)
- Belgium (211.0 kg)
- Hungary (77.0 kg)
- Bulgaria (77.0 kg)
- Malta (63.0 kg)
645
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
645
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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
8418
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.
3860
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,
3773
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
8418
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.
3860
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,
