Price for Spices; Nutmeg, Crushed or Ground in Switzerland - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Switzerland (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Switzerland (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Switzerland
- Exports of Spices; Nutmeg, Crushed or Ground in Switzerland
Price for Spices; Nutmeg, Crushed or Ground in Switzerland (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $17,065 per ton in August 2023, declining by -13.4% against the previous month. In general, import price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, spices; nutmeg, crushed or ground import price decreased by -31.1% against May 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 122% month-to-month. As a result, import price attained the peak level of $28,507 per ton. From March 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($32,933 per ton), while the price for Vietnam ($9,714 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Switzerland (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $16,410 per ton in 2022, reducing by -15.7% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $31,595 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($18,600 per ton), while the average price for exports to Russia ($15,987 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 the Netherlands (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Switzerland
Spices; nutmeg, crushed or ground imports into Switzerland contracted to 76 tons in 2022, shrinking by -14.1% compared with the previous year. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year. As a result, imports attained the peak of 88 tons, and then contracted in the following year.
In value terms, spices; nutmeg, crushed or ground imports fell to $1.2M 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 +6.8% 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 +44.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54%. As a result, imports reached the peak of $1.3M, and then reduced in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 125 | 60.8 | 11.1 | 332 | 38.5% |
| Germany | 103 | 395 | 358 | 287 | 40.7% |
| Indonesia | 374 | 167 | 558 | 286 | -8.6% |
| Sri Lanka | 241 | 89.3 | 201 | 159 | -12.9% |
| Netherlands | 53.5 | 49.5 | 23.4 | 51.5 | -1.3% |
| China | 45.3 | 32.0 | 24.1 | 45.2 | -0.1% |
| Others | 27.6 | 23.1 | 80.0 | 21.4 | -8.1% |
| Total | 970 | 816 | 1,256 | 1,182 | 6.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Switzerland in 2022:
- Vietnam (26.9 tons)
- Indonesia (20.1 tons)
- Sri Lanka (10.9 tons)
- Germany (10.4 tons)
- Netherlands (3.8 tons)
- China (2.5 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Switzerland
In 2022, approx. 3.8 tons of spices; nutmeg, crushed or ground were exported from Switzerland; increasing by 43% on the previous year's figure. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 193%. As a result, the exports attained the peak of 5.2 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; nutmeg, crushed or ground exports surged to $62K in 2022. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 185%. As a result, the exports attained the peak of $122K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Nutmeg, Crushed or Ground in Switzerland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 31.8 | 118 | 48.4 | 57.6 | 21.9% |
| Russia | 2.3 | 3.6 | 2.5 | 3.8 | 18.2% |
| Austria | 6.5 | N/A | N/A | N/A | 0% |
| Others | 2.4 | 1.2 | 0.5 | 0.6 | -37.0% |
| Total | 43.0 | 122 | 51.4 | 62.0 | 13.0% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Switzerland in 2022:
- Germany (3.5 tons)
- Russia (0.2 tons)
578
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Switzerland.
4045
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
578
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Switzerland.
4045
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3826
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
8509
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.
3946
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,
3826
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
8509
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.
3946
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,
