Price for Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia - 2023

Contents:

  1. Price for Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia (CIF) - 2022
  2. Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia

Price for Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia (CIF) - 2022

The average import price for spices; nutmeg, neither crushed nor ground stood at $50,981 per ton in 2022, which is down by -6.2% against the previous year. In general, the import price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 179% against the previous year. The import price peaked at $54,394 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Croatia ($59,706 per ton), while the price for Italy ($15,246 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia

In 2022, supplies from abroad of spices; nutmeg, neither crushed nor ground decreased by -20.2% to 538 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 with an increase of 37%. As a result, imports attained the peak of 825 kg. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of spices; nutmeg, neither crushed nor ground contracted notably to $27K in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, imports reached the peak of $40K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Spices; Nutmeg, Neither Crushed Nor Ground in Slovenia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia29.333.232.823.2-7.5%
Grenada1.53.42.51.4-2.3%
Italy0.12.1N/A0.9108.0%
Austria0.80.30.50.80.0%
Others1.00.70.91.26.3%
Total32.739.736.627.4-5.7%

Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Slovenia in 2022:

  1. Croatia (388.0 kg)
  2. Grenada (60.0 kg)
  3. Italy (57.0 kg)
  4. Austria (18.0 kg)

Source: IndexBox Market Intelligence Platform

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