Price for Spices; Nutmeg, Crushed or Ground in Poland - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Poland (CIF) - 2023
- Price for Spices; Nutmeg, Crushed or Ground in Poland (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Poland
- Exports of Spices; Nutmeg, Crushed or Ground in Poland
Price for Spices; Nutmeg, Crushed or Ground in Poland (CIF) - 2023
The average import price for spices; nutmeg, crushed or ground stood at $12,250 per ton in May 2023, increasing by 4.5% against the previous month. Over the period under review, import price indicated strong growth from May 2022 to May 2023: its price increased at an average monthly rate of +7.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, spices; nutmeg, crushed or ground import price increased by +37.3% against February 2023 indices. The most prominent rate of growth was recorded in June 2022 an increase of 95% against the previous month. Over the period under review, average import prices attained the peak figure at $13,271 per ton in July 2022; however, from August 2022 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was the Netherlands ($18,337 per ton), while the price for Latvia ($7,172 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Latvia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Poland (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $12,348 per ton, growing by 1.5% against the previous year. Over the period under review, the export price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 9.5%. As a result, the export price attained the peak level of $16,408 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($18,233 per ton), while the average price for exports to the Czech Republic ($6,920 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 Italy (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in Poland
In 2022, the amount of spices; nutmeg, crushed or ground imported into Poland surged to 166 tons, with an increase of 54% against 2021 figures. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports soared to $1.8M in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Spices; Nutmeg, Crushed or Ground in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 538 | 628 | 863 | 1,269 | 33.1% |
| Spain | 42.8 | 19.7 | 183 | 216 | 71.5% |
| Belgium | N/A | N/A | N/A | 84.1 | 0% |
| France | N/A | N/A | N/A | 60.7 | 0% |
| Germany | 23.0 | 24.8 | 55.1 | 48.6 | 28.3% |
| Netherlands | 59.8 | 31.4 | 16.5 | 17.9 | -33.1% |
| Others | 37.1 | 27.6 | 53.8 | 60.4 | 17.6% |
| Total | 701 | 732 | 1,171 | 1,757 | 35.8% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Poland in 2022:
- Indonesia (126.5 tons)
- Spain (14.2 tons)
- France (7.5 tons)
- Belgium (7.5 tons)
- Germany (4.1 tons)
- Netherlands (1.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Poland
In 2022, approx. 55 tons of spices; nutmeg, crushed or ground were exported from Poland; increasing by 3.7% compared with the previous year. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 60%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports reached $678K in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Spices; Nutmeg, Crushed or Ground in Poland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.4 | 144 | 214 | 225 | 725.5% |
| Italy | 62.9 | 44.4 | 92.1 | 143 | 31.5% |
| Romania | 29.7 | 38.0 | 32.5 | 43.8 | 13.8% |
| Hungary | 20.6 | N/A | 27.0 | 42.6 | 27.4% |
| Portugal | 0.9 | N/A | N/A | 38.7 | 250.3% |
| Russia | 69.3 | 89.9 | 73.7 | 33.6 | -21.4% |
| Slovakia | 19.1 | 16.6 | 26.4 | 29.9 | 16.1% |
| France | 10.7 | 13.9 | 17.7 | 29.4 | 40.1% |
| United Kingdom | 8.7 | 15.2 | 14.9 | 17.7 | 26.7% |
| Czech Republic | 29.2 | 19.8 | 13.3 | 14.9 | -20.1% |
| Moldova | 7.0 | 11.6 | 6.8 | 7.5 | 2.3% |
| Latvia | 5.1 | 6.7 | 6.7 | 4.4 | -4.8% |
| Serbia | 6.5 | 16.5 | N/A | N/A | 153.8% |
| Others | 26.9 | 64.7 | 120 | 48.0 | 21.3% |
| Total | 297 | 481 | 644 | 678 | 31.7% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Poland in 2022:
- Germany (18.7 tons)
- Italy (10.6 tons)
- Hungary (5.5 tons)
- Portugal (3.4 tons)
- Slovakia (2.6 tons)
- Romania (2.4 tons)
- Russia (2.4 tons)
- France (2.3 tons)
- Czech Republic (2.2 tons)
- United Kingdom (1.0 tons)
- Moldova (0.8 tons)
- Latvia (0.7 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Poland.
4021
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 Poland.
4021
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
8452
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.
3900
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
8452
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.
3900
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,
