Price for Spices; Nutmeg, Neither Crushed Nor Ground in Latvia - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $11,140 per ton in 2022, increasing by 8.3% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The import price peaked at $22,525 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 Spain ($39,000 per ton), while the price for Indonesia ($10,404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+44.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $12,458 per ton in 2022, jumping by 73% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The export price peaked at $26,452 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($17,242 per ton), while the average price for exports to Bulgaria ($8,073 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 Russia (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia
In 2022, the amount of spices; nutmeg, neither crushed nor ground imported into Latvia surged to 27 tons, rising by 104% compared with 2021. Overall, imports posted a prominent expansion.
In value terms, imports of spices; nutmeg, neither crushed nor ground surged to $304K in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 33.4 | 62.4 | N/A | 239 | 92.7% |
| Germany | 74.2 | 10.8 | 35.1 | 40.3 | -18.4% |
| Estonia | 7.5 | 10.4 | 18.7 | 19.5 | 37.5% |
| Netherlands | 9.4 | 21.8 | N/A | 3.4 | -28.8% |
| Poland | 15.5 | 93.2 | 80.5 | 1.3 | -56.2% |
| Spain | 29.5 | N/A | 0.5 | 0.1 | -85.0% |
| Others | 5.1 | 0.8 | 2.5 | N/A | -30.0% |
| Total | 175 | 199 | 137 | 304 | 20.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Latvia in 2022:
- Indonesia (23.0 tons)
- Germany (3.0 tons)
- Estonia (0.9 tons)
- Netherlands (0.2 tons)
- Poland (0.1 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia
In 2022, overseas shipments of spices; nutmeg, neither crushed nor ground decreased by -54.3% to 14 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 4.4% against the previous year. As a result, the exports reached the peak of 35 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; nutmeg, neither crushed nor ground fell rapidly to $179K in 2022. Overall, exports faced a deep setback. The smallest decline of -4.2% was in 2021.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 64.7 | 88.5 | 78.2 | 79.8 | 7.2% |
| Russia | N/A | 8.8 | 0.6 | 42.6 | 120.0% |
| Greece | N/A | N/A | N/A | 21.2 | 0% |
| Bulgaria | 89.9 | 18.5 | 33.3 | 9.6 | -52.6% |
| Estonia | 3.0 | 5.8 | 6.9 | 5.8 | 24.6% |
| Romania | 78.0 | 45.7 | 60.7 | 5.7 | -58.2% |
| Hungary | 16.0 | 31.2 | 29.0 | 3.5 | -39.7% |
| Ukraine | N/A | 24.2 | N/A | N/A | 0% |
| Others | 19.1 | 14.0 | 18.3 | 10.6 | -17.8% |
| Total | 271 | 237 | 227 | 179 | -12.9% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Latvia in 2022:
- Poland (6.6 tons)
- Russia (3.0 tons)
- Greece (1.6 tons)
- Bulgaria (1.2 tons)
- Romania (0.4 tons)
- Hungary (0.4 tons)
- Estonia (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Latvia.
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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 Latvia.
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
8419
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
8419
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,
