Price for Spices; Nutmeg, Neither Crushed Nor Ground in Estonia - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (FOB) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (CIF) - 2022
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $21,397 per ton in 2022, leveling off at the previous year. Over the period under review, the export price saw a deep contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $49,328 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($44,165 per ton), while the average price for exports to the Netherlands ($10,294 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 Belgium (+3.3%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $18,735 per ton, picking up by 2.6% against the previous year. Overall, the import price, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.8% against the previous year. The import price peaked at $24,683 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Grenada.
From 2012 to 2022, the rate of growth in terms of prices for Grenada amounted to +8.8% per year.
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia
Exports of spices; nutmeg, neither crushed nor ground from Estonia shrank remarkably to 11 tons in 2022, waning by -23.3% compared with 2021. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 142% against the previous year. As a result, the exports attained the peak of 15 tons, and then declined rapidly in the following year.
In value terms, exports of spices; nutmeg, neither crushed nor ground fell sharply to $238K in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +22.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, the exports reached the peak of $312K, and then fell notably in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 165 | 171 | 238 | 173 | 1.6% |
| Belgium | N/A | N/A | 4.2 | 24.8 | 490.5% |
| Latvia | 11.7 | 15.6 | 23.3 | 16.4 | 11.9% |
| Netherlands | N/A | N/A | N/A | 10.8 | 0% |
| Denmark | N/A | 1.8 | 28.7 | N/A | 1494.4% |
| Others | 18.5 | 9.6 | 17.3 | 13.5 | -10.0% |
| Total | 195 | 198 | 312 | 238 | 6.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Estonia in 2022:
- Sweden (8.8 tons)
- Netherlands (1.1 tons)
- Belgium (0.6 tons)
- Latvia (0.4 tons)
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia
In 2022, overseas purchases of spices; nutmeg, neither crushed nor ground decreased by -30.9% to 6 tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 20% against the previous year. As a result, imports attained the peak of 12 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; nutmeg, neither crushed nor ground fell markedly to $113K in 2022. In general, imports faced a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. As a result, imports attained the peak of $217K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Grenada | 149 | 198 | 149 | 112 | -9.1% |
| Indonesia | 17.2 | 17.4 | 10.2 | N/A | -23.0% |
| Others | 0.1 | 1.4 | 0.4 | 1.0 | 115.4% |
| Total | 167 | 217 | 160 | 113 | -12.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Estonia in 2022:
- Grenada (6.0 tons)
127
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Estonia.
3989
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
127
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Estonia.
3989
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,
