Price for Spices; Nutmeg, Crushed or Ground in the Netherlands - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in the Netherlands (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in the Netherlands (FOB) - 2023
- Imports of Spices; Nutmeg, Crushed or Ground in the Netherlands
- Exports of Spices; Nutmeg, Crushed or Ground in the Netherlands
Price for Spices; Nutmeg, Crushed or Ground in the Netherlands (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $10,857 per ton in June 2023, rising by 15% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 17% against the previous month. The import price peaked at $11,329 per ton in November 2022; however, from December 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the UK ($15,540 per ton) and Vietnam ($13,615 per ton), while the price for Indonesia ($10,488 per ton) and India ($10,652 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in the Netherlands (FOB) - 2023
In June 2023, the average export price for spices; nutmeg, crushed or ground amounted to $12,153 per ton, remaining constant against the previous month. Overall, the export price showed a modest expansion. The growth pace was the most rapid in November 2022 an increase of 9% m-o-m. Over the period under review, the average export prices attained the peak figure in June 2023.
Average prices varied somewhat for the major overseas markets. In June 2023, the countries with the highest prices were Egypt ($24,556 per ton) and Turkey ($21,846 per ton), while the average price for exports to South Africa ($16,968 per ton) and Guyana ($17,630 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in the Netherlands
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; nutmeg, crushed or ground, when their volume decreased by -28.4% to 1K tons. Over the period under review, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by 120% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports reduced to $10M in 2022. Overall, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year.
| Import of Spices; Nutmeg, Crushed or Ground in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.5 | 2.8 | 6.2 | 4.3 | 42.1% |
| Vietnam | 2.6 | 5.3 | 2.5 | 3.8 | 13.5% |
| Belgium | 0.2 | 1.4 | 1.2 | 0.8 | 58.7% |
| Germany | 0.4 | 0.5 | 0.7 | 0.4 | 0.0% |
| Grenada | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Italy | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
| Others | 0.1 | 0.3 | 0.9 | 0.4 | 58.7% |
| Total | 4.9 | 10.5 | 12.0 | 10.2 | 27.7% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to the Netherlands in 2022:
- Indonesia (474.3 tons)
- Vietnam (374.9 tons)
- Belgium (74.0 tons)
- Grenada (42.1 tons)
- Germany (30.9 tons)
- Italy (17.5 tons)
Exports of Spices; Nutmeg, Crushed or Ground in the Netherlands
Spices; nutmeg, crushed or ground exports from the Netherlands soared to 1.4K tons in 2022, with an increase of 24% against 2021. Overall, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.3% 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 +87.6% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 66%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; nutmeg, crushed or ground exports soared to $15M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +27.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Spices; Nutmeg, Crushed or Ground in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,097 | 4,704 | 4,228 | 6,710 | 29.4% |
| Belgium | 1,199 | 1,253 | 926 | 2,172 | 21.9% |
| France | 493 | 745 | 1,244 | 1,447 | 43.2% |
| Austria | 264 | 358 | 1,029 | 893 | 50.1% |
| Spain | 165 | 944 | 1,462 | 720 | 63.4% |
| Sweden | 452 | 252 | 408 | 509 | 4.0% |
| Italy | 21.6 | 126 | 227 | 466 | 178.4% |
| Poland | 204 | 293 | 225 | 271 | 9.9% |
| United Kingdom | 397 | 285 | 435 | 264 | -12.7% |
| Hungary | 175 | 193 | 170 | 196 | 3.8% |
| Others | 650 | 1,695 | 1,048 | 1,139 | 20.6% |
| Total | 7,118 | 10,849 | 11,403 | 14,787 | 27.6% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from the Netherlands in 2022:
- Germany (618.4 tons)
- Belgium (233.5 tons)
- France (128.9 tons)
- Austria (74.1 tons)
- Spain (63.9 tons)
- Sweden (39.1 tons)
- Italy (36.9 tons)
- United Kingdom (25.7 tons)
- Poland (20.0 tons)
- Hungary (20.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Netherlands.
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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 the Netherlands.
3988
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
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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.
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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
8417
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,
