Price for Spices; Mace, Neither Crushed Nor Ground in Turkey - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Turkey (FOB) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Turkey (CIF) - 2022
- Exports of Spices; Mace, Neither Crushed Nor Ground in Turkey
- Imports of Spices; Mace, Neither Crushed Nor Ground in Turkey
Price for Spices; Mace, Neither Crushed Nor Ground in Turkey (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $40,351 per ton in 2022, reducing by -12.3% against the previous year. Overall, the export price, however, enjoyed a mild increase. The most prominent rate of growth was recorded in 2021 an increase of 120% against the previous year. The export price peaked at $53,140 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($41,523 per ton), while the average price for exports to the Netherlands ($24,917 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mace, Neither Crushed Nor Ground in Turkey (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $3,500 per ton, shrinking by -4% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 97% against the previous year. As a result, import price reached the peak level of $12,340 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,500 per ton), while the price for Indonesia totaled $3,333 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-5.6%).
Exports of Spices; Mace, Neither Crushed Nor Ground in Turkey
In 2022, approx. 606 kg of spices; mace, neither crushed nor ground were exported from Turkey; increasing by 235% on 2021 figures. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 1,190% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; mace, neither crushed nor ground skyrocketed to $24K in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,864%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Spices; Mace, Neither Crushed Nor Ground in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | 2.7 | 6.7 | 23.0 | 191.9% |
| Netherlands | 0.1 | 0.3 | 0.1 | 0.9 | 108.0% |
| Norway | N/A | N/A | N/A | 0.5 | 0% |
| Uzbekistan | N/A | 4.3 | N/A | N/A | 0% |
| Mongolia | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.3 | 0.5 | 1.0 | 0.1 | -30.7% |
| Total | 0.4 | 7.8 | 8.3 | 24.5 | 294.2% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Turkey in 2022:
- Switzerland (553.0 kg)
- Netherlands (36.0 kg)
- Norway (12.0 kg)
Imports of Spices; Mace, Neither Crushed Nor Ground in Turkey
In 2022, purchases abroad of spices; mace, neither crushed nor ground was finally on the rise to reach 2 tons after two years of decline. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mace, neither crushed nor ground skyrocketed to $7K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three-year period. The trend pattern, however, 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.
| Import of Spices; Mace, Neither Crushed Nor Ground in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 2.9 | N/A | 7.0 | 159.6% |
| Indonesia | 0.4 | 1.6 | 3.7 | N/A | 204.1% |
| United States | 4.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 4.4 | 3.7 | 7.0 | 10.4% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Turkey in 2022:
- India (2.0 tons)
566
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Turkey.
3987
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
566
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Turkey.
3987
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
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
8416
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,
3772
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
8416
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,
