Price for Spices; Cardamoms, Neither Crushed Nor Ground in Germany - 2023

Contents:

1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Germany (CIF) - 2022
2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Germany (FOB) - 2022
3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Germany
4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Germany

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Germany (CIF) - 2022

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $13,461 per ton, with a decrease of -33.3% against the previous year. In general, the import price, however, recorded temperate growth. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. Over the period under review, average import prices attained the peak figure at $21,628 per ton in 2020; however, from 2021 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 India ($22,384 per ton), while the price for Guatemala ($13,059 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Germany (FOB) - 2022

In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $17,173 per ton, with a decrease of -31.3% against the previous year. In general, the export price, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2020 an increase of 51%. As a result, the export price attained the peak level of $31,087 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($26,338 per ton), while the average price for exports to Poland ($6,840 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 Sweden (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Germany

After three years of growth, purchases abroad of spices; cardamoms, neither crushed nor ground decreased by -23.8% to 770 tons in 2022. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of 1K tons, and then reduced markedly in the following year.

In value terms, imports of spices; cardamoms, neither crushed nor ground dropped notably to $10M in 2022. Overall, imports saw a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Germany in 2022:

1. Guatemala (671.3 tons)
2. Tanzania (38.6 tons)
3. Netherlands (23.7 tons)
4. India (10.4 tons)
5. Honduras (2.0 tons)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Germany

Exports of spices; cardamoms, neither crushed nor ground from Germany stood at 170 tons in 2022, picking up by 6% compared with the year before. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of spices; cardamoms, neither crushed nor ground dropped rapidly to $2.9M in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of $4.5M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Germany in 2022:

1. Netherlands (22.1 tons)
2. United Kingdom (22.0 tons)
3. United States (21.1 tons)
4. Austria (18.2 tons)
5. Poland (17.2 tons)
6. Switzerland (10.0 tons)
7. France (9.2 tons)
8. Spain (6.0 tons)
9. Italy (5.5 tons)
10. Sweden (5.2 tons)
11. Latvia (5.2 tons)
12. Czech Republic (4.6 tons)
13. Finland (3.3 tons)

Source: IndexBox Market Intelligence Platform