Price for Spices; Cardamoms, Crushed or Ground in Denmark - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Denmark (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Denmark (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Denmark
- Exports of Spices; Cardamoms, Crushed or Ground in Denmark
Price for Spices; Cardamoms, Crushed or Ground in Denmark (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $30,011 per ton, declining by -14.7% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 44%. The import price peaked at $35,179 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($43,118 per ton), while the price for the Netherlands ($22,191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Denmark (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $18,057 per ton in 2022, waning by -20% against the previous year. In general, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50%. As a result, the export price reached the peak level of $23,649 per ton. From 2021 to 2022, the average export prices remained at a somewhat 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 Norway ($25,437 per ton), while the average price for exports to Faroe Islands ($4,358 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 the Netherlands (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Denmark
After three years of growth, supplies from abroad of spices; cardamoms, crushed or ground decreased by -15.2% to 64 tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% 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 +54.3% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 35%.
In value terms, spices; cardamoms, crushed or ground imports fell remarkably to $1.9M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 95%.
| Import of Spices; Cardamoms, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 422 | 1,137 | 1,382 | 978 | 32.3% |
| Netherlands | 118 | 212 | 778 | 613 | 73.2% |
| Sweden | 256 | 317 | 357 | 284 | 3.5% |
| United Kingdom | 43.5 | 57.7 | 3.7 | 1.1 | -70.6% |
| Finland | 56.4 | 44.6 | 0.9 | N/A | -87.4% |
| Others | 23.1 | 21.6 | 121 | 36.1 | 16.0% |
| Total | 919 | 1,790 | 2,642 | 1,911 | 27.6% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Denmark in 2022:
- United Kingdom (undefined tons)
- Germany (28.6 tons)
- Netherlands (27.6 tons)
- Sweden (6.6 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Denmark
For the fourth year in a row, Denmark recorded growth in shipments abroad of spices; cardamoms, crushed or ground, which increased by 20% to 18 tons in 2022. In general, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 90%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; cardamoms, crushed or ground exports dropped to $328K in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 185% against the previous year.
| Export of Spices; Cardamoms, Crushed or Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 19.0 | 12.0 | 183 | 215 | 124.5% |
| Sweden | 11.8 | 24.3 | 112 | 70.0 | 81.0% |
| Faroe Islands | 6.8 | 11.8 | 15.7 | 14.4 | 28.4% |
| United Kingdom | 0.6 | 0.9 | 3.5 | 7.2 | 128.9% |
| Iceland | 1.2 | 0.8 | 4.0 | 6.3 | 73.8% |
| Greenland | 8.0 | 9.5 | 5.5 | 3.5 | -24.1% |
| Germany | 7.0 | 109 | 0.8 | N/A | -66.2% |
| Others | 17.8 | 36.8 | 17.3 | 12.0 | -12.3% |
| Total | 72.2 | 206 | 341 | 328 | 65.6% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Denmark in 2022:
- Norway (8.4 tons)
- Sweden (4.1 tons)
- Faroe Islands (3.3 tons)
- Iceland (1.1 tons)
- United Kingdom (0.6 tons)
- Greenland (0.2 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
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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 Denmark.
4020
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
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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.
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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
8450
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.
3898
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,
