Price for Spices; Nutmeg, Neither Crushed Nor Ground in the UK - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in the UK (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in the UK (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in the UK
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in the UK
Price for Spices; Nutmeg, Neither Crushed Nor Ground in the UK (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $14,793 per ton, increasing by 54% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. Over the period under review, average import prices reached the maximum at $20,768 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 France ($25,708 per ton), while the price for the Netherlands ($9,579 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in the UK (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $11,885 per ton in 2022, waning by -36.8% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $26,729 per ton. From 2014 to 2022, the average 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 Ireland ($42,322 per ton), while the average price for exports to the Netherlands ($9,759 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 Ireland (+9.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in the UK
In 2022, purchases abroad of spices; nutmeg, neither crushed nor ground decreased by -69% to 36 tons, falling for the second year in a row after two years of growth. Overall, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 55%. As a result, imports attained the peak of 190 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of spices; nutmeg, neither crushed nor ground fell dramatically to $533K in 2022. In general, imports showed a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 34%. As a result, imports reached the peak of $1.5M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.6 | 89.3 | 327 | 258 | 128.6% |
| Sri Lanka | 120 | 170 | 44.7 | 65.2 | -18.4% |
| France | 77.1 | 91.9 | 84.7 | 62.7 | -6.7% |
| Italy | 69.1 | 101 | 45.3 | 58.8 | -5.2% |
| Grenada | N/A | N/A | N/A | 51.6 | 0% |
| Netherlands | 229 | 549 | 309 | 30.5 | -48.9% |
| Belgium | 427 | 509 | 283 | N/A | -18.6% |
| Vietnam | 201 | N/A | N/A | N/A | 0% |
| Others | 5.3 | 30.6 | 20.8 | 6.7 | 8.1% |
| Total | 1,151 | 1,540 | 1,114 | 533 | -22.6% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to the UK in 2022:
- Indonesia (18.4 tons)
- Sri Lanka (4.1 tons)
- Italy (4.0 tons)
- Grenada (3.6 tons)
- Netherlands (3.2 tons)
- France (2.4 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in the UK
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground increased by 54% to 25 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated moderate growth from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; nutmeg, neither crushed nor ground contracted to $295K in 2022. In general, exports, however, showed a abrupt setback.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 17.1 | 20.8 | 184 | 177 | 117.9% |
| France | 13.5 | 7.6 | 36.0 | 65.5 | 69.3% |
| Ireland | 35.2 | 59.9 | 35.5 | 25.1 | -10.7% |
| Indonesia | 83.0 | N/A | N/A | 16.9 | -41.2% |
| Canada | N/A | N/A | N/A | 6.6 | 0% |
| Germany | 129 | 110 | N/A | N/A | -14.7% |
| Austria | 49.0 | 79.1 | N/A | N/A | 61.4% |
| Italy | 21.0 | 18.8 | 38.7 | N/A | 35.8% |
| Others | 67.7 | 67.8 | 9.2 | 3.7 | -62.1% |
| Total | 416 | 364 | 303 | 295 | -10.8% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from the UK in 2022:
- Netherlands (18.2 tons)
- France (4.1 tons)
- Indonesia (1.2 tons)
- Canada (0.6 tons)
- Ireland (0.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the UK.
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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 UK.
3982
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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,
3771
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
8414
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.
3856
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,
