Price for Spices; Nutmeg, Crushed or Ground in Latvia - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Latvia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Latvia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Latvia
- Exports of Spices; Nutmeg, Crushed or Ground in Latvia
Price for Spices; Nutmeg, Crushed or Ground in Latvia (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $7,213 per ton in 2022, with an increase of 13% against the previous year. In general, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66%. The import price peaked at $27,270 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Poland.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.6% per year.
Price for Spices; Nutmeg, Crushed or Ground in Latvia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $7,931 per ton, rising by 16% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 196%. The export price peaked at $15,071 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($10,372 per ton), while the average price for exports to Serbia ($6,832 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 Slovakia (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Latvia
In 2022, the amount of spices; nutmeg, crushed or ground imported into Latvia surged to 39 tons, picking up by 73% compared with 2021 figures. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,289%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; nutmeg, crushed or ground imports soared to $282K in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 727%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.
| Import of Spices; Nutmeg, Crushed or Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 2.6 | 135 | 278 | 934.0% |
| Spain | 40.3 | 5.6 | N/A | N/A | -86.1% |
| Others | 8.0 | 9.2 | 9.1 | 4.1 | -20.0% |
| Total | 48.3 | 17.4 | 144 | 282 | 80.1% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Latvia in 2022:
- Poland (39.0 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Latvia
In 2022, approx. 34 tons of spices; nutmeg, crushed or ground were exported from Latvia; rising by 825% against the previous year. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 6,500%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, spices; nutmeg, crushed or ground exports soared to $271K in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,905%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Spices; Nutmeg, Crushed or Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bulgaria | N/A | N/A | N/A | 94.4 | 0% |
| Romania | N/A | N/A | N/A | 54.2 | 0% |
| Poland | N/A | N/A | N/A | 44.4 | 0% |
| Serbia | N/A | N/A | 19.7 | 30.7 | 55.8% |
| Hungary | N/A | N/A | N/A | 26.4 | 0% |
| Czech Republic | N/A | N/A | N/A | 14.8 | 0% |
| Others | 0.2 | 0.8 | 5.7 | 6.0 | 210.7% |
| Total | 0.2 | 0.8 | 25.4 | 271 | 1006.6% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Latvia in 2022:
- Bulgaria (13.2 tons)
- Romania (6.4 tons)
- Serbia (4.5 tons)
- Poland (4.4 tons)
- Hungary (3.6 tons)
- Czech Republic (1.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Latvia.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Latvia.
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
8419
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
8419
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,
