Price for Spices; Nutmeg, Crushed or Ground in Spain - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Spain (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Spain (FOB) - 2023
- Imports of Spices; Nutmeg, Crushed or Ground in Spain
- Exports of Spices; Nutmeg, Crushed or Ground in Spain
Price for Spices; Nutmeg, Crushed or Ground in Spain (CIF) - 2023
In June 2023, the average import price for spices; nutmeg, crushed or ground amounted to $12,864 per ton, declining by -4.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in February 2023 when the average import price increased by 14% month-to-month. Over the period under review, average import prices hit record highs at $13,494 per ton in May 2023, and then declined modestly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($24,631 per ton), while the price for France ($8,752 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Portugal (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Spain (FOB) - 2023
In June 2023, the average export price for spices; nutmeg, crushed or ground amounted to $13,397 per ton, picking up by 4.6% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 115% month-to-month. The export price peaked at $18,121 per ton in July 2022; however, from August 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($17,692 per ton), while the average price for exports to Denmark ($1,815 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Spain
In 2022, spices; nutmeg, crushed or ground imports into Spain rose remarkably to 250 tons, surging by 5.9% on the year before. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; nutmeg, crushed or ground imports expanded sharply to $2.6M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +95.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 602 | 978 | 1,340 | 1,396 | 32.4% |
| Italy | 284 | 266 | 321 | 417 | 13.7% |
| Netherlands | 89.1 | 201 | 147 | 341 | 56.4% |
| Germany | 204 | 260 | 218 | 154 | -8.9% |
| Vietnam | N/A | N/A | N/A | 115 | 0% |
| France | 93.2 | 104 | 76.2 | 52.8 | -17.3% |
| Others | 29.3 | 18.9 | 127 | 75.0 | 36.8% |
| Total | 1,302 | 1,828 | 2,229 | 2,550 | 25.1% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Spain in 2022:
- Indonesia (148.9 tons)
- Italy (41.0 tons)
- Netherlands (26.3 tons)
- Vietnam (12.5 tons)
- Germany (10.7 tons)
- France (6.1 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Spain
After three years of growth, shipments abroad of spices; nutmeg, crushed or ground decreased by -4.6% to 162 tons in 2022. The total export volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18% against the previous year.
In value terms, spices; nutmeg, crushed or ground exports expanded sharply to $2.2M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 27% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 140 | 249 | 569 | 547 | 57.5% |
| Poland | 79.7 | 105 | 288 | 291 | 54.0% |
| Portugal | 167 | 182 | 199 | 289 | 20.1% |
| Mexico | 91.7 | 289 | 151 | 208 | 31.4% |
| France | 75.1 | 105 | 125 | 178 | 33.3% |
| United States | 11.4 | 34.3 | 36.0 | 94.9 | 102.7% |
| Egypt | 4.2 | 3.2 | 107 | 94.7 | 182.5% |
| Cuba | 270 | 139 | 145 | 89.9 | -30.7% |
| Germany | 141 | 196 | 104 | 61.0 | -24.4% |
| Colombia | 21.9 | 31.4 | 31.9 | 40.9 | 23.1% |
| Costa Rica | 5.6 | 0.4 | 16.9 | 32.6 | 79.9% |
| Denmark | 0.2 | 1.0 | 32.0 | 26.1 | 407.2% |
| Belgium | 12.8 | 16.7 | 26.7 | 19.0 | 14.1% |
| Others | 223 | 233 | 162 | 208 | -2.3% |
| Total | 1,244 | 1,585 | 1,993 | 2,181 | 20.6% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Spain in 2022:
- United Kingdom (33.0 tons)
- Portugal (23.3 tons)
- Poland (19.1 tons)
- France (16.3 tons)
- Cuba (13.5 tons)
- United States (6.5 tons)
- Egypt (6.0 tons)
- Belgium (5.8 tons)
- Mexico (5.7 tons)
- Colombia (5.1 tons)
- Denmark (4.0 tons)
- Germany (3.8 tons)
- Costa Rica (2.5 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Spain.
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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 Spain.
3980
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
8413
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.
3856
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
8413
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.
3856
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,
