Price for Spices; Nutmeg, Crushed or Ground in Germany - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Germany (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Germany (FOB) - 2023
- Imports of Spices; Nutmeg, Crushed or Ground in Germany
- Exports of Spices; Nutmeg, Crushed or Ground in Germany
Price for Spices; Nutmeg, Crushed or Ground in Germany (CIF) - 2023
In June 2023, the average import price for spices; nutmeg, crushed or ground amounted to $10,011 per ton, dropping by -7.3% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 20% against the previous month. The import price peaked at $11,803 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sri Lanka ($15,314 per ton), while the price for Indonesia totaled $8,495 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Germany (FOB) - 2023
The average export price for spices; nutmeg, crushed or ground stood at $18,766 per ton in June 2023, increasing by 14% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in May 2023 an increase of 29% m-o-m. The export price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($27,921 per ton), while the average price for exports to South Africa ($14,932 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Germany
In 2022, the amount of spices; nutmeg, crushed or ground imported into Germany rose significantly to 955 tons, growing by 8.4% on the previous year. The total import volume increased at an average annual rate of +13.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, spices; nutmeg, crushed or ground imports surged to $9.6M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.6 | 4.2 | 5.1 | 7.0 | 15.0% |
| Netherlands | 0.4 | 0.7 | 0.2 | 0.7 | 20.5% |
| Sri Lanka | 0.4 | 1.0 | 1.3 | 0.7 | 20.5% |
| Austria | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Belgium | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| Vietnam | N/A | 0.3 | 0.3 | 0.2 | -18.4% |
| Spain | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Total | 5.7 | 6.9 | 7.9 | 9.6 | 19.0% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Germany in 2022:
- Indonesia (731.5 tons)
- Sri Lanka (66.0 tons)
- Netherlands (60.2 tons)
- Vietnam (23.5 tons)
- Belgium (21.4 tons)
- Spain (15.9 tons)
- Austria (15.8 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Germany
In 2022, shipments abroad of spices; nutmeg, crushed or ground decreased by -4.9% to 430 tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, the exports attained the peak of 482 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; nutmeg, crushed or ground exports reduced to $5.8M in 2022. The total export value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 40%.
| Export of Spices; Nutmeg, Crushed or Ground in Germany (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 1,181 | 1,876 | 1,158 | 1,178 | -0.1% |
| Poland | 155 | 167 | 369 | 719 | 66.8% |
| Austria | 507 | 614 | 931 | 652 | 8.7% |
| Switzerland | 189 | 449 | 554 | 460 | 34.5% |
| Netherlands | 309 | 384 | 428 | 435 | 12.1% |
| Belgium | 176 | 204 | 480 | 339 | 24.4% |
| Italy | 253 | 337 | 328 | 231 | -3.0% |
| Norway | 174 | 164 | 236 | 216 | 7.5% |
| Spain | 219 | 279 | 217 | 214 | -0.8% |
| Czech Republic | 105 | 87.5 | 150 | 171 | 17.7% |
| Denmark | 75.9 | 110 | 118 | 161 | 28.5% |
| Croatia | 70.6 | 52.3 | 65.0 | 104 | 13.8% |
| United Kingdom | 21.4 | 287 | 91.4 | 60.9 | 41.7% |
| Others | 904 | 1,051 | 1,131 | 814 | -3.4% |
| Total | 4,341 | 6,063 | 6,257 | 5,756 | 9.9% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Germany in 2022:
- France (85.6 tons)
- Poland (67.3 tons)
- Austria (58.6 tons)
- Netherlands (32.5 tons)
- Belgium (24.9 tons)
- Switzerland (21.1 tons)
- Spain (17.3 tons)
- Italy (15.3 tons)
- Czech Republic (14.5 tons)
- Norway (13.5 tons)
- Denmark (12.9 tons)
- United Kingdom (7.2 tons)
- Croatia (6.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Germany.
3986
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
748
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Germany.
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,
