Price for Spices; Cardamoms, Neither Crushed Nor Ground in Norway - 2024

Contents:

  1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Norway (CIF) - 2022
  2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Norway (FOB) - 2022
  3. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Norway
  4. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Norway

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Norway (CIF) - 2022

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $23,265 per ton, shrinking by -19.2% against the previous year. In general, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 78%. The import price peaked at $37,710 per ton in 2020; however, from 2021 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 India ($31,807 per ton), while the price for Sweden ($12,388 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Norway (FOB) - 2022

Norway has no trade partners to describe.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Norway

In 2022, purchases abroad of spices; cardamoms, neither crushed nor ground decreased by -2.4% to 18 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 96% against the previous year.

In value terms, imports of spices; cardamoms, neither crushed nor ground reduced sharply to $420K in 2022. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 134%. As a result, imports reached the peak of $606K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Norway (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala82.822024328951.7%
India61.510870.087.212.3%
Sweden4.58.924.99.628.7%
Netherlands24.314.87.29.4-27.1%
United Kingdom10.37.614.7N/A19.5%
Others75.124717224.6-31.1%
Total25860653242017.6%

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Norway in 2022:

  1. Guatemala (13.3 tons)
  2. India (2.7 tons)
  3. Sweden (0.8 tons)
  4. Netherlands (0.5 tons)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Norway

In 2022, overseas shipments of spices; cardamoms, neither crushed nor ground decreased by 0% to 8 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 300% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of spices; cardamoms, neither crushed nor ground amounted to $60 in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 417%. As a result, the exports reached the peak of $62. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Norway (USD)
COUNTRY2019202020212022CAGR,
2019-2022
SwitzerlandN/A62.0N/AN/A0%
Others12.0N/AN/A60.071.0%
Total12.062.0N/A60.071.0%

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Norway in 2022:

    Source: IndexBox Market Intelligence Platform

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