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

Contents:

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

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

In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $35,925 per ton, waning by -12.9% against the previous year. Over the period under review, the import price, however, showed notable growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 61% against the previous year. As a result, import price attained the peak level of $41,244 per ton, and then shrank 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 Indonesia ($54,941 per ton), while the price for Turkey ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+21.8%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for spices; mace, neither crushed nor ground stood at $18,944 per ton in 2021, remaining stable against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 9.4%. Over the period under review, the average export prices hit record highs at $22,735 per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -2.7% per year.

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

In 2022, approx. 67 kg of spices; mace, neither crushed nor ground were imported into Sweden; falling by -61% on 2021 figures. Overall, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 421%.

In value terms, imports of spices; mace, neither crushed nor ground contracted sharply to $2.4K in 2022. Over the period under review, imports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 when imports increased by 737% against the previous year. As a result, imports attained the peak of $7.1K, and then contracted notably in the following year.

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

1. Austria (40.0 kg)
2. Indonesia (17.0 kg)
3. Sri Lanka (5.0 kg)
4. Turkey (5.0 kg)

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

In 2021, approx. 324 kg of spices; mace, neither crushed nor ground were exported from Sweden; approximately reflecting the previous year's figure. Over the period under review, exports showed a strong expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of spices; mace, neither crushed nor ground stood at $6.1K in 2021. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are likely to see steady growth in the near future.

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

1. Norway (324.0 kg)

Source: IndexBox Market Intelligence Platform