Price for Spices; Mace, Crushed or Ground in Romania - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Romania (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Romania (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Romania
- Exports of Spices; Mace, Crushed or Ground in Romania
Price for Spices; Mace, Crushed or Ground in Romania (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $17,503 per ton, with a decrease of -44.7% against the previous year. In general, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 62%. The import price peaked at $34,488 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 Germany ($38,331 per ton), while the price for Indonesia amounted to $16,270 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Crushed or Ground in Romania (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $45,039 per ton, shrinking by -14.7% against the previous year. In general, the export price, however, showed temperate growth. The pace of growth appeared the most rapid in 2021 an increase of 211%. As a result, the export price reached the peak level of $52,816 per ton, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2013 to 2022, the rate of growth in terms of prices for the UK amounted to +42.9% per year.
Imports of Spices; Mace, Crushed or Ground in Romania
In 2022, imports of spices; mace, crushed or ground into Romania soared to 3.4 tons, with an increase of 130% against the previous year. In general, imports enjoyed strong growth.
In value terms, spices; mace, crushed or ground imports surged to $59K in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 172% against the previous year. As a result, imports attained the peak of $86K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Spices; Mace, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | 34.4 | N/A | 51.8 | 22.7% |
| Germany | 3.7 | 6.6 | 36.6 | 7.2 | 24.8% |
| Belgium | 22.7 | 28.7 | 0.3 | N/A | -88.5% |
| Netherlands | 5.3 | 16.6 | 9.6 | N/A | 34.6% |
| Others | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Total | 31.8 | 86.4 | 46.7 | 59.4 | 23.2% |
Top Suppliers of Spices; Mace, Crushed or Ground to Romania in 2022:
- Indonesia (3.2 tons)
- Germany (0.2 tons)
Exports of Spices; Mace, Crushed or Ground in Romania
In 2022, exports of spices; mace, crushed or ground from Romania soared to 102 kg, with an increase of 132% on the previous year's figure. Over the period under review, exports, however, saw a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 4,300% against the previous year.
In value terms, spices; mace, crushed or ground exports surged to $4.6K in 2022. In general, exports, however, continue to indicate a sharp descent. The pace of growth appeared the most rapid in 2021 when exports increased by 13,665%.
| Export of Spices; Mace, Crushed or Ground in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.2 | N/A | 2.3 | 4.6 | 184.4% |
| Spain | 5.2 | N/A | N/A | N/A | 0% |
| Germany | 3.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 9.1 | N/A | 2.3 | 4.6 | -20.3% |
Top Export Markets for Spices; Mace, Crushed or Ground from Romania in 2022:
- United Kingdom (101.0 kg)
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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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