Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hungary - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $23,769 per ton in 2022, reducing by -24.7% against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 149% against the previous year. The import price peaked at $37,970 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($35,773 per ton), while the price for Vietnam ($1,833 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $19,832 per ton, reducing by -2.9% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth was the most pronounced in 2019 an increase of 91% against the previous year. Over the period under review, the average export prices reached the maximum at $85,095 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($112,000 per ton), while the average price for exports to France ($17,340 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary
In 2022, the amount of spices; cardamoms, neither crushed nor ground imported into Hungary contracted remarkably to 1.5 tons, waning by -20.5% compared with the previous year. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 334%. As a result, imports reached the peak of 1.9 tons, and then declined rapidly in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground fell rapidly to $35K in 2022. Overall, imports, however, posted a tangible increase. The most prominent rate of growth was recorded in 2021 when imports increased by 261% against the previous year. As a result, imports attained the peak of $59K, and then shrank notably in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 28.1 | 7.7 | 20.9 | 15.4 | -18.2% |
| Slovakia | 2.1 | 6.9 | 10.7 | 8.8 | 61.2% |
| Slovenia | N/A | N/A | N/A | 4.3 | 0% |
| Turkey | N/A | N/A | N/A | 2.9 | 0% |
| United Kingdom | N/A | N/A | 2.6 | 1.8 | -30.8% |
| Netherlands | 0.1 | 1.1 | 5.8 | 0.9 | 108.0% |
| Vietnam | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
| Poland | N/A | N/A | 15.6 | N/A | 0% |
| Others | 0.6 | 0.6 | 3.6 | 1.1 | 22.4% |
| Total | 30.9 | 16.4 | 59.2 | 35.5 | 4.7% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Hungary in 2022:
- Austria (431.0 kg)
- Slovenia (348.0 kg)
- Slovakia (250.0 kg)
- Turkey (175.0 kg)
- Vietnam (120.0 kg)
- United Kingdom (65.0 kg)
- Netherlands (41.0 kg)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary
Exports of spices; cardamoms, neither crushed nor ground from Hungary skyrocketed to 931 kg in 2022, increasing by 327% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 29,200% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $18K in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 15,998% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 1.0 | 9.9 | 890.0% |
| Sweden | N/A | N/A | N/A | 3.9 | 0% |
| France | N/A | N/A | N/A | 1.7 | 0% |
| Malta | N/A | N/A | N/A | 1.4 | 0% |
| Romania | N/A | 1.1 | 0.1 | 0.7 | -20.2% |
| Greece | N/A | N/A | N/A | 0.6 | 0% |
| Bulgaria | N/A | N/A | 1.5 | N/A | 0% |
| Austria | N/A | N/A | 1.6 | N/A | 0% |
| Lithuania | N/A | 5.9 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Total | N/A | 7.1 | 4.5 | 18.5 | 61.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Hungary in 2022:
- Germany (490.0 kg)
- Sweden (200.0 kg)
- France (100.0 kg)
- Malta (75.0 kg)
- Romania (30.0 kg)
- Greece (25.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
375
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Hungary.
3966
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3767
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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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,
3767
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
8401
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.
3847
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,
