Price for Spices; Nutmeg, Crushed or Ground in Belgium - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Belgium (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Belgium (FOB) - 2023
- Imports of Spices; Nutmeg, Crushed or Ground in Belgium
- Exports of Spices; Nutmeg, Crushed or Ground in Belgium
Price for Spices; Nutmeg, Crushed or Ground in Belgium (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $11,180 per ton in May 2023, with an increase of 14% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 25% m-o-m. As a result, import price reached the peak level of $12,093 per ton. From December 2022 to May 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was France ($51,453 per ton), while the price for Indonesia ($10,753 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.3%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Belgium (FOB) - 2023
The average export price for spices; nutmeg, crushed or ground stood at $13,076 per ton in May 2023, falling by -8.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 90% against the previous month. As a result, the export price reached the peak level of $15,658 per ton. From March 2023 to May 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($14,640 per ton), while the average price for exports to Germany ($9,567 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Belgium
In 2022, purchases abroad of spices; nutmeg, crushed or ground decreased by -34.9% to 411 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports dropped rapidly to $3.9M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 35%.
| Import of Spices; Nutmeg, Crushed or Ground in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.4 | 2.3 | 4.0 | 2.8 | 26.0% |
| Indonesia | 1.5 | 1.5 | 0.4 | 0.5 | -30.7% |
| Germany | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
| Total | 3.1 | 4.1 | 4.9 | 3.9 | 8.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Belgium in 2022:
- Netherlands (320.8 tons)
- Indonesia (48.6 tons)
- Germany (32.8 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Belgium
In 2022, shipments abroad of spices; nutmeg, crushed or ground decreased by -31.9% to 243 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 45% against the previous year.
In value terms, spices; nutmeg, crushed or ground exports fell remarkably to $2.8M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year.
| Export of Spices; Nutmeg, Crushed or Ground in Belgium (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 667 | 743 | 923 | 784 | 5.5% |
| Netherlands | 266 | 799 | 949 | 712 | 38.8% |
| Germany | 90.8 | 129 | 403 | 520 | 78.9% |
| Democratic Republic of the Congo | 168 | 231 | 230 | 375 | 30.7% |
| Portugal | 93.9 | N/A | N/A | 144 | 15.3% |
| Poland | N/A | N/A | 7.6 | 81.7 | 975.0% |
| United Kingdom | 463 | 672 | 806 | 34.9 | -57.8% |
| Others | 221 | 198 | 305 | 152 | -11.7% |
| Total | 1,970 | 2,772 | 3,623 | 2,802 | 12.5% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Belgium in 2022:
- Netherlands (79.3 tons)
- France (63.9 tons)
- Germany (33.8 tons)
- Democratic Republic of the Congo (33.4 tons)
- Portugal (10.7 tons)
- Poland (7.8 tons)
- United Kingdom (4.0 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Belgium.
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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 Belgium.
3987
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
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
8416
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.
3860
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,
3772
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
8416
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.
3860
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,
