Price for Spices; Nutmeg, Neither Crushed Nor Ground in Spain - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Spain (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Spain (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Spain
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Spain
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Spain (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $3,441 per ton in 2022, picking up by 25% against the previous year. Overall, the import price, however, saw a deep setback. The import price peaked at $15,668 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the Netherlands ($13,269 per ton), while the price for Portugal ($1,180 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+15.2%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Spain (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $11,141 per ton in 2022, remaining constant against the previous year. In general, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 82%. As a result, the export price attained the peak level of $17,730 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($32,822 per ton), while the average price for exports to Italy ($9,082 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 United States (+46.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Spain
In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; nutmeg, neither crushed nor ground, when their volume decreased by -48.3% to 860 tons. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 89% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground dropped rapidly to $3M in 2022. In general, total imports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.5 | 0.9 | 1.0 | 2.0 | 10.1% |
| Portugal | 0.6 | 2.4 | 3.0 | 0.8 | 10.1% |
| Netherlands | 0.3 | 0.2 | 0.4 | 0.1 | -30.7% |
| Others | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Total | 2.6 | 3.7 | 4.6 | 3.0 | 4.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Spain in 2022:
- Portugal (636.4 tons)
- Indonesia (197.3 tons)
- Netherlands (9.0 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Spain
For the fourth year in a row, Spain recorded growth in shipments abroad of spices; nutmeg, neither crushed nor ground, which increased by 46% to 48 tons in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 61% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of spices; nutmeg, neither crushed nor ground skyrocketed to $535K in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 88%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 15.1 | 5.2 | 21.6 | 257 | 157.2% |
| France | 19.4 | 89.5 | 91.1 | 116 | 81.5% |
| Portugal | 21.9 | 23.7 | 25.0 | 49.9 | 31.6% |
| Belgium | 11.1 | 10.2 | 26.6 | 18.6 | 18.8% |
| Bulgaria | N/A | 10.1 | 37.9 | 15.9 | 25.5% |
| Italy | 5.2 | 5.2 | 50.0 | 13.9 | 38.8% |
| Greece | 9.7 | 7.5 | 13.0 | 11.9 | 7.1% |
| Others | 32.1 | 63.8 | 104 | 51.8 | 17.3% |
| Total | 114 | 215 | 369 | 535 | 67.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Spain in 2022:
- Netherlands (24.8 tons)
- France (12.3 tons)
- Portugal (3.4 tons)
- Italy (1.5 tons)
- Bulgaria (1.4 tons)
- Belgium (1.2 tons)
- Greece (1.0 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.
4011
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3784
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
8437
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.
3881
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,
3784
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
8437
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.
3881
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,
