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

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
  2. Imports of Spices; Mace, Neither Crushed Nor Ground in Lithuania

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

The average import price for spices; mace, neither crushed nor ground stood at $13,208 per ton in 2022, surging by 10% against the previous year. Over the period under review, the import price saw a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($13,608 per ton), while the price for the Netherlands ($10,333 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, imports of spices; mace, neither crushed nor ground into Lithuania skyrocketed to 624 kg, surging by 83% on the previous year. In general, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 1,450% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of spices; mace, neither crushed nor ground soared to $8.2K in 2022. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,399% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Import of Spices; Mace, Neither Crushed Nor Ground in Lithuania (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
PolandN/A3.85.750.0%
LatviaN/AN/A2.40%
Netherlands0.3N/A0.1-42.3%
OthersN/A0.2N/A0%
Total0.34.18.2422.8%

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

  1. Poland (421.0 kg)
  2. Latvia (194.0 kg)
  3. Netherlands (9.0 kg)

Source: IndexBox Market Intelligence Platform

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