Price for Spices; Nutmeg, Crushed or Ground in Serbia - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Serbia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Serbia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Serbia
- Exports of Spices; Nutmeg, Crushed or Ground in Serbia
Price for Spices; Nutmeg, Crushed or Ground in Serbia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $12,363 per ton, shrinking by -25.6% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 54%. The import price peaked at $23,556 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($22,980 per ton), while the price for Grenada ($7,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Serbia (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $13,626 per ton in 2022, which is down by -5.3% against the previous year. Over the period under review, the export price showed a pronounced downturn. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. Over the period under review, the average export prices hit record highs at $23,760 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($19,244 per ton), while the average price for exports to Bosnia and Herzegovina ($12,657 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 North Macedonia (+0.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Serbia
In 2022, purchases abroad of spices; nutmeg, crushed or ground decreased by -26.7% to 6.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 72% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports contracted markedly to $83K in 2022. In general, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of $151K, and then reduced rapidly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 22.9 | 57.3 | 58.8 | 35.1 | 15.3% |
| Grenada | 12.7 | 2.0 | 7.1 | 28.0 | 30.2% |
| Spain | 8.2 | N/A | 5.4 | 18.9 | 32.1% |
| Belgium | N/A | N/A | 79.0 | N/A | 0% |
| India | 18.1 | 26.4 | 0.7 | N/A | -80.3% |
| Others | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| Total | 62.0 | 85.7 | 151 | 82.5 | 10.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Serbia in 2022:
- Grenada (4.0 tons)
- Indonesia (1.5 tons)
- Spain (1.1 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Serbia
After two years of decline, overseas shipments of spices; nutmeg, crushed or ground increased by 16% to 334 kg in 2022. In general, exports, however, saw a precipitous curtailment.
In value terms, spices; nutmeg, crushed or ground exports expanded rapidly to $4.6K in 2022. Overall, exports, however, continue to indicate a dramatic descent.
| Export of Spices; Nutmeg, Crushed or Ground in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 8.3 | 3.9 | 4.0 | 3.5 | -25.0% |
| Montenegro | N/A | N/A | 0.2 | 0.8 | 300.0% |
| North Macedonia | 13.8 | 0.1 | N/A | 0.2 | -75.6% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 22.3 | 4.2 | 4.2 | 4.6 | -40.9% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Serbia in 2022:
- Bosnia and Herzegovina (280.0 kg)
- Montenegro (41.0 kg)
- North Macedonia (13.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Serbia.
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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 Serbia.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8415
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.
3858
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,
3771
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
8415
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.
3858
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,
