Price for Spices; Cardamoms, Crushed or Ground in Hungary - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Hungary (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Hungary (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Hungary
- Exports of Spices; Cardamoms, Crushed or Ground in Hungary
Price for Spices; Cardamoms, Crushed or Ground in Hungary (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $18,382 per ton in 2022, shrinking by -31.8% against the previous year. Over the period under review, the import price, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 72% against the previous year. As a result, import price attained the peak level of $28,021 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($25,194 per ton) and Germany ($24,000 per ton), while the price for the Netherlands ($16,808 per ton) and Turkey ($21,771 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Hungary (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $12,801 per ton in 2022, waning by -5.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 519%. As a result, the export price reached the peak level of $63,415 per ton. From 2016 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 the UK ($21,331 per ton), while the average price for exports to Romania ($8,854 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 (+28.0%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in Hungary
In 2022, approx. 8.4 tons of spices; cardamoms, crushed or ground were imported into Hungary; picking up by 1.7% compared with the previous year's figure. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground imports shrank sharply to $155K in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 73%.
| Import of Spices; Cardamoms, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 70.0 | 83.5 | 110 | 110 | 16.3% |
| Belgium | N/A | 20.3 | 57.6 | 30.2 | 22.0% |
| Slovakia | 1.7 | 5.2 | 7.0 | 6.8 | 58.7% |
| Turkey | N/A | 0.1 | N/A | 3.6 | 500.0% |
| Latvia | 9.9 | N/A | N/A | N/A | 0% |
| Poland | N/A | 28.6 | 39.3 | N/A | 37.4% |
| Others | 5.2 | 12.5 | 8.9 | 3.8 | -9.9% |
| Total | 86.8 | 150 | 223 | 155 | 21.3% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Hungary in 2022:
- Netherlands (6.6 tons)
- Belgium (1.2 tons)
- Slovakia (0.3 tons)
- Turkey (0.2 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Hungary
In 2022, approx. 3.6 tons of spices; cardamoms, crushed or ground were exported from Hungary; jumping by 249% compared with the previous year's figure. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 1,430%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, spices; cardamoms, crushed or ground exports surged to $46K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 902%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Spices; Cardamoms, Crushed or Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 1.1 | 7.7 | 34.3 | 458.4% |
| United Kingdom | N/A | N/A | N/A | 3.4 | 0% |
| Belgium | N/A | N/A | N/A | 3.4 | 0% |
| Malta | N/A | N/A | N/A | 1.0 | 0% |
| Romania | N/A | 1.7 | 0.9 | 0.9 | -27.2% |
| Moldova | N/A | N/A | 2.6 | 0.9 | -65.4% |
| Slovakia | N/A | 7.0 | 0.3 | 0.4 | -76.1% |
| Croatia | 0.6 | 4.2 | N/A | 0.1 | -45.0% |
| Others | 0.8 | 1.1 | 2.3 | 1.1 | 11.2% |
| Total | 1.5 | 15.0 | 13.8 | 45.5 | 211.9% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Hungary in 2022:
- Germany (2720.0 kg)
- Belgium (305.0 kg)
- United Kingdom (160.0 kg)
- Romania (103.0 kg)
- Malta (80.0 kg)
- Moldova (80.0 kg)
- Slovakia (31.0 kg)
- Croatia (4.0 kg)
377
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
3986
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.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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
8415
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.
3858
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
8415
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.
3858
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,
