Austria: Market for Nutmeg, Mace And Cardamoms 2022

Market Size for Nutmeg, Mace And Cardamoms in Austria

In 2021, the Austrian nutmeg, mace and cardamom market increased by X% to $X, rising for the fourth consecutive year after five years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Nutmeg, mace and cardamom consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Nutmeg, Mace And Cardamoms

Exports from Austria

In 2021, approx. X tonnes of nutmeg, mace and cardamoms were exported from Austria; growing by X% against 2020. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2013 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nutmeg, mace and cardamom exports surged to $X in 2021. Over the period under review, exports posted a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tonnes) was the main destination for nutmeg, mace and cardamom exports from Austria, with a X% share of total exports. Moreover, nutmeg, mace and cardamom exports to Germany exceeded the volume sent to the second major destination, Russia (X tonnes), threefold. India (X tonnes) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and India (+X% per year).

In value terms, Germany ($X) remains the key foreign market for nutmeg, mace and cardamom exports from Austria, comprising X% of total exports. The second position in the ranking was occupied by Russia ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Poland (+X% per year).

Export Prices by Country

The average nutmeg, mace and cardamom export price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per tonne), while the average price for exports to Croatia ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nutmeg, Mace And Cardamoms

Imports into Austria

In 2021, overseas purchases of nutmeg, mace and cardamoms increased by X% to X tonnes, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, nutmeg, mace and cardamom imports amounted to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

The Netherlands (X tonnes), Germany (X tonnes) and India (X tonnes) were the main suppliers of nutmeg, mace and cardamom imports to Austria, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (+X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest nutmeg, mace and cardamom suppliers to Austria were the Netherlands ($X), Germany ($X) and India ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average nutmeg, mace and cardamom import price stood at $X per tonne in 2021, growing by X% against the previous year. In general, the import price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was India ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform