Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hungary - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $16,041 per ton, increasing by 41% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the peak figure at $31,257 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($22,745 per ton), while the price for the Netherlands ($12,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $24,377 per ton in 2022, rising by 18% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2013 when the average export price increased by 26% against the previous year. The export price peaked at $43,563 per ton in 2015; however, from 2016 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 Austria ($43,000 per ton), while the average price for exports to Germany ($11,000 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 Germany (+76.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary
Imports of spices; nutmeg, neither crushed nor ground into Hungary contracted remarkably to 6.3 tons in 2022, waning by -31% against the previous year. Overall, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground shrank modestly to $101K in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 3.4% against the previous year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 57.6 | 76.4 | 70.3 | 63.9 | 3.5% |
| Netherlands | 37.8 | 14.0 | 16.5 | 32.2 | -5.2% |
| Slovakia | 1.0 | 1.1 | 1.7 | 2.2 | 30.1% |
| Poland | N/A | N/A | 11.5 | 0.2 | -98.3% |
| Latvia | N/A | 8.9 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 1.5 | N/A | 0% |
| Others | 1.0 | 0.3 | 1.5 | 2.1 | 28.1% |
| Total | 97.4 | 101 | 103 | 101 | 1.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Hungary in 2022:
- Austria (3.6 tons)
- Netherlands (2.5 tons)
- Slovakia (0.1 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -61.6% to 61 kg for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 253%.
In value terms, exports of spices; nutmeg, neither crushed nor ground contracted sharply to $1.5K in 2022. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 183% against the previous year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Hungary (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 361 | 1,269 | 2,200 | 1,282 | 52.6% |
| Austria | 98.0 | 102 | 81.0 | 86.0 | -4.3% |
| Slovakia | 241 | 73.0 | 186 | 39.0 | -45.5% |
| Ireland | 15.0 | 30.0 | 344 | 23.0 | 15.3% |
| Germany | 2.0 | N/A | 18.0 | 22.0 | 122.4% |
| Slovenia | 20.0 | 8.0 | N/A | 20.0 | 0.0% |
| United Kingdom | 21.0 | 62.0 | 45.0 | 15.0 | -10.6% |
| Croatia | N/A | 603 | 50.0 | N/A | -91.7% |
| Czech Republic | N/A | 1.0 | 355 | N/A | 35400.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 758 | 2,148 | 3,279 | 1,487 | 25.2% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Hungary in 2022:
- Romania (51.0 kg)
- Austria (2.0 kg)
- Germany (2.0 kg)
- Ireland (2.0 kg)
- Slovakia (2.0 kg)
- United Kingdom (1.0 kg)
- Slovenia (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
3987
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
377
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
3987
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
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
8416
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,
3772
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
8416
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,
