Price for Spices; Nutmeg, Neither Crushed Nor Ground in Italy - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Italy (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Italy (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Italy
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Italy
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Italy (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $8,717 per ton in 2022, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 20% against the previous year. The import price peaked at $20,642 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Grenada ($10,163 per ton), while the price for Indonesia amounted to $8,030 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-9.0%).
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Italy (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $13,449 per ton in 2022, surging by 5.9% against the previous year. In general, the export price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of 17% against the previous year. The export price peaked at $25,218 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($20,837 per ton), while the average price for exports to Belgium ($12,115 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 Indonesia (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Italy
In 2022, supplies from abroad of spices; nutmeg, neither crushed nor ground was finally on the rise to reach 670 tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; nutmeg, neither crushed nor ground skyrocketed to $5.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +69.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 3.3 | 3.0 | 2.5 | 4.6 | 11.7% |
| Grenada | N/A | N/A | N/A | 0.8 | 0% |
| Others | 0.3 | 0.4 | 1.3 | 0.5 | 18.6% |
| Total | 3.6 | 3.5 | 3.8 | 5.8 | 17.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Italy in 2022:
- Indonesia (576.3 tons)
- Grenada (75.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Italy
In 2022, shipments abroad of spices; nutmeg, neither crushed nor ground was finally on the rise to reach 63 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; nutmeg, neither crushed nor ground skyrocketed to $849K in 2022. In general, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 143 | 132 | 119 | 280 | 25.1% |
| Belgium | N/A | N/A | 7.2 | 184 | 2455.6% |
| France | 132 | 96.6 | 75.7 | 126 | -1.5% |
| Chile | 66.0 | 165 | 71.7 | 94.6 | 12.7% |
| United Kingdom | 119 | 107 | 62.9 | 89.0 | -9.2% |
| Spain | 2.9 | N/A | 0.1 | 21.6 | 95.3% |
| Slovakia | N/A | N/A | 5.4 | 19.6 | 263.0% |
| Germany | 31.3 | 8.0 | 3.8 | 0.9 | -69.4% |
| Others | 10.3 | 10.0 | 71.8 | 33.9 | 48.7% |
| Total | 504 | 519 | 418 | 849 | 19.0% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Italy in 2022:
- Greece (20.6 tons)
- Belgium (15.2 tons)
- France (9.4 tons)
- Chile (6.8 tons)
- United Kingdom (6.0 tons)
- Slovakia (1.6 tons)
- Spain (1.5 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Italy.
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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 Italy.
3990
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
8419
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,
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
8419
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,
