Price for Spices; Nutmeg, Neither Crushed Nor Ground in Portugal - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (CIF) - 2022
The average import price for spices; nutmeg, neither crushed nor ground stood at $21,985 per ton in 2022, falling by -3.2% against the previous year. In general, the import price showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the peak figure at $26,148 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($28,000 per ton), while the price for Spain ($11,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (FOB) - 2022
In 2022, the average export price for spices; nutmeg, neither crushed nor ground amounted to $25,271 per ton, surging by 15% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices hit record highs at $35,316 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cabo Verde ($45,111 per ton), while the average price for exports to France ($15,429 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 Venezuela (+99.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal
In 2022, approx. 6.7 tons of spices; nutmeg, neither crushed nor ground were imported into Portugal; shrinking by -19.9% against the previous year. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of 8.4 tons, and then shrank rapidly in the following year.
In value terms, imports of spices; nutmeg, neither crushed nor ground declined significantly to $148K in 2022. Over the period under review, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $191K, and then dropped dramatically in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 103 | 83.2 | 96.8 | 73.8 | -10.5% |
| Poland | 73.6 | 46.8 | 72.7 | 58.1 | -7.6% |
| Spain | 11.3 | 7.3 | 16.5 | 13.5 | 6.1% |
| Others | 2.5 | 6.2 | 5.1 | 2.8 | 3.8% |
| Total | 191 | 144 | 191 | 148 | -8.2% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Portugal in 2022:
- France (2.9 tons)
- Poland (2.6 tons)
- Spain (1.2 tons)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal
In 2022, exports of spices; nutmeg, neither crushed nor ground from Portugal shrank rapidly to 2.1 tons, which is down by -26.4% on 2021 figures. Over the period under review, exports faced a abrupt decrease. The smallest decline of -7.9% was in 2020.
In value terms, exports of spices; nutmeg, neither crushed nor ground contracted significantly to $52K in 2022. Overall, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, the exports attained the peak of $66K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 39.1 | 53.6 | 43.8 | 37.2 | -1.6% |
| Angola | 8.6 | 1.6 | 9.8 | 5.1 | -16.0% |
| Cabo Verde | 4.5 | 6.2 | 5.8 | 4.9 | 2.9% |
| France | 0.3 | 1.3 | 0.1 | 3.8 | 133.1% |
| Venezuela | 3.5 | N/A | N/A | N/A | 0% |
| Others | 2.7 | 3.2 | 2.6 | 1.3 | -21.6% |
| Total | 58.6 | 65.8 | 62.1 | 52.3 | -3.7% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Portugal in 2022:
- Spain (1425.0 kg)
- France (247.0 kg)
- Angola (242.0 kg)
- Cabo Verde (108.0 kg)
- Venezuela (1.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Portugal.
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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 Portugal.
3982
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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,
3771
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
8414
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.
3856
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,
