Price for Spices; Nutmeg, Crushed or Ground in Slovakia - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Slovakia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Slovakia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Slovakia
- Exports of Spices; Nutmeg, Crushed or Ground in Slovakia
Price for Spices; Nutmeg, Crushed or Ground in Slovakia (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $11,824 per ton in 2022, with an increase of 6.8% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 an increase of 22%. Over the period under review, average import prices reached the peak figure at $26,833 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($11,760 per ton), while the price for Grenada stood at $11,524 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-7.5%).
Price for Spices; Nutmeg, Crushed or Ground in Slovakia (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $10,243 per ton, shrinking by -11.5% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 39% against the previous year. As a result, the export price reached the peak level of $24,237 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($10,737 per ton), while the average price for exports to the Czech Republic ($9,733 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 Moldova (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Slovakia
In 2022, approx. 15 tons of spices; nutmeg, crushed or ground were imported into Slovakia; with an increase of 11% on 2021 figures. In general, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +3.9% 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 +58.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, spices; nutmeg, crushed or ground imports soared to $183K in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 66% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Spices; Nutmeg, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 105 | 81.9 | 60.8 | 158 | 14.6% |
| Grenada | 4.8 | N/A | 17.1 | 16.1 | 49.7% |
| Italy | 0.4 | 9.6 | 35.1 | N/A | 836.7% |
| Netherlands | N/A | N/A | 33.8 | N/A | 0% |
| Others | 2.8 | 1.4 | 7.4 | 9.1 | 48.1% |
| Total | 113 | 92.9 | 154 | 183 | 17.4% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Slovakia in 2022:
- Indonesia (13.4 tons)
- Grenada (1.4 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Slovakia
In 2022, overseas shipments of spices; nutmeg, crushed or ground decreased by -25.6% to 1.6 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 9.9% against the previous year. As a result, the exports reached the peak of 2.3 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; nutmeg, crushed or ground exports plummeted to $16K in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 39% against the previous year. As a result, the exports reached the peak of $27K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Nutmeg, Crushed or Ground in Slovakia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 9.8 | 15.2 | 10.8 | 7.8 | -7.3% |
| Hungary | 7.3 | 11.0 | 12.2 | 7.3 | 0.0% |
| Moldova | 1.1 | 0.9 | 1.0 | 0.6 | -18.3% |
| Serbia | 1.2 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Total | 19.7 | 27.4 | 24.4 | 16.1 | -6.5% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Slovakia in 2022:
- Czech Republic (799.0 kg)
- Hungary (681.0 kg)
- Moldova (60.0 kg)
384
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Slovakia.
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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 Slovakia.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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
8418
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,
3773
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
8418
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,
