Price for Spices; Nutmeg, Crushed or Ground in Slovenia - 2023

Contents:

  1. Price for Spices; Nutmeg, Crushed or Ground in Slovenia (CIF) - 2022
  2. Price for Spices; Nutmeg, Crushed or Ground in Slovenia (FOB) - 2022
  3. Imports of Spices; Nutmeg, Crushed or Ground in Slovenia
  4. Exports of Spices; Nutmeg, Crushed or Ground in Slovenia

Price for Spices; Nutmeg, Crushed or Ground in Slovenia (CIF) - 2022

In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $19,325 per ton, growing by 5.3% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 31% against the previous year. The import price peaked at $28,989 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 Austria ($65,039 per ton), while the price for Italy ($11,988 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Spices; Nutmeg, Crushed or Ground in Slovenia (FOB) - 2022

The average export price for spices; nutmeg, crushed or ground stood at $15,505 per ton in 2022, reducing by -17.7% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2020 an increase of 41%. The export price peaked at $40,474 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($66,000 per ton), while the average price for exports to Croatia ($13,469 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 Serbia (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Nutmeg, Crushed or Ground in Slovenia

In 2022, the amount of spices; nutmeg, crushed or ground imported into Slovenia expanded markedly to 8.2 tons, surging by 9% compared with the previous year's figure. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spices; nutmeg, crushed or ground imports totaled $158K in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Import of Spices; Nutmeg, Crushed or Ground in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia25.348.151.054.529.1%
Croatia56.661.157.050.8-3.5%
PolandN/AN/A9.731.3222.7%
Italy7.98.915.110.18.5%
Austria9.32.43.38.4-3.3%
Germany1.62.61.63.023.3%
Others1.20.70.30.3-37.0%
Total10212413815815.7%

Top Suppliers of Spices; Nutmeg, Crushed or Ground to Slovenia in 2022:

  1. Indonesia (3.9 tons)
  2. Poland (1.8 tons)
  3. Croatia (1.4 tons)
  4. Italy (0.8 tons)
  5. Germany (0.2 tons)
  6. Austria (0.1 tons)

Exports of Spices; Nutmeg, Crushed or Ground in Slovenia

In 2022, after three years of growth, there was significant decline in shipments abroad of spices; nutmeg, crushed or ground, when their volume decreased by -50.4% to 111 kg. In general, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 307%. As a result, the exports attained the peak of 224 kg, and then reduced markedly in the following year.

In value terms, spices; nutmeg, crushed or ground exports declined markedly to $1.7K in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 211%. As a result, the exports attained the peak of $4.2K, and then dropped markedly in the following year.

Export of Spices; Nutmeg, Crushed or Ground in Slovenia (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia7491,2533,5741,32020.8%
Montenegro43.058.018720367.8%
PolandN/AN/A420198-52.9%
Austria13.043.038.0N/A71.0%
OthersN/A2.02.0N/A0.0%
Total8051,3564,2211,72128.8%

Top Export Markets for Spices; Nutmeg, Crushed or Ground from Slovenia in 2022:

  1. Croatia (98.0 kg)
  2. Montenegro (10.0 kg)
  3. Poland (3.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; nutmeg, crushed or ground - Slovenia