Price for Spices; Nutmeg, Crushed or Ground in Lithuania - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Lithuania (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Lithuania (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Lithuania
- Exports of Spices; Nutmeg, Crushed or Ground in Lithuania
Price for Spices; Nutmeg, Crushed or Ground in Lithuania (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $8,177 per ton, surging by 3.6% against the previous year. Overall, the import price, however, showed a perceptible reduction. The growth pace was the most rapid in 2017 when the average import price increased by 32%. Over the period under review, average import prices attained the peak figure at $13,040 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Estonia ($36,237 per ton), while the price for Poland ($5,501 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Lithuania (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $9,174 per ton, rising by 4.9% against the previous year. Over the period under review, the export price, however, saw a perceptible setback. The growth pace was the most rapid in 2013 when the average export price increased by 12% against the previous year. The export price peaked at $14,758 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($18,525 per ton), while the average price for exports to Latvia ($6,909 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 (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Lithuania
In 2022, spices; nutmeg, crushed or ground imports into Lithuania reduced to 7.3 tons, which is down by -5.9% on 2021. Over the period under review, imports, however, continue to indicate slight growth. The growth pace was the most rapid in 2021 when imports increased by 9.9%. As a result, imports reached the peak of 7.8 tons, and then reduced in the following year.
In value terms, spices; nutmeg, crushed or ground imports reduced modestly to $60K in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 9.5%. As a result, imports attained the peak of $61K, and then reduced slightly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 22.3 | 18.1 | 23.6 | 21.4 | -1.4% |
| Germany | 12.3 | 13.4 | 11.1 | 15.1 | 7.1% |
| Latvia | 4.1 | 2.5 | 11.1 | 9.2 | 30.9% |
| Estonia | 7.6 | 8.0 | 9.7 | 8.7 | 4.6% |
| Spain | N/A | 5.7 | 1.8 | 3.7 | -19.4% |
| Netherlands | 7.4 | 8.2 | 4.0 | 1.6 | -40.0% |
| Others | 0.6 | 0.2 | 0.1 | N/A | -59.2% |
| Total | 54.2 | 56.0 | 61.4 | 59.8 | 3.3% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Lithuania in 2022:
- Poland (3.9 tons)
- Latvia (1.4 tons)
- Germany (1.0 tons)
- Spain (0.6 tons)
- Netherlands (0.2 tons)
- Estonia (0.2 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Lithuania
In 2022, shipments abroad of spices; nutmeg, crushed or ground was finally on the rise to reach 1.7 tons after two years of decline. Overall, total exports indicated a modest expansion from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports surged to $15K in 2022. Over the period under review, total exports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 8.3 | 6.6 | 6.9 | 6.5 | -7.8% |
| Latvia | 2.1 | 0.6 | 2.3 | 3.6 | 19.7% |
| Russia | 1.6 | 1.6 | 0.5 | 3.4 | 28.6% |
| Germany | 0.3 | 0.3 | N/A | 1.1 | 54.2% |
| United Kingdom | 0.9 | 1.6 | 0.5 | 0.5 | -17.8% |
| Others | 0.9 | 0.4 | 0.1 | 0.3 | -30.7% |
| Total | 14.1 | 11.0 | 10.4 | 15.4 | 3.0% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Lithuania in 2022:
- Estonia (816.0 kg)
- Latvia (514.0 kg)
- Russia (231.0 kg)
- Germany (59.0 kg)
- United Kingdom (35.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Lithuania.
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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 Lithuania.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3791
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
8457
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.
3900
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,
3791
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
8457
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.
3900
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,
