Price for Spices; Cardamoms, Crushed or Ground in Norway - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Norway (CIF) - 2023
- Price for Spices; Cardamoms, Crushed or Ground in Norway (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Norway
- Exports of Spices; Cardamoms, Crushed or Ground in Norway
Price for Spices; Cardamoms, Crushed or Ground in Norway (CIF) - 2023
In September 2023, the average import price for spices; cardamoms, crushed or ground amounted to $18,596 per ton, jumping by 72% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 73% m-o-m. As a result, import price reached the peak level of $22,353 per ton. From January 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($59,815 per ton), while the price for Germany ($13,636 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Norway (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $81,913 per ton in 2022, with an increase of 25% against the previous year. Overall, the export price recorded significant growth. The pace of growth appeared the most rapid in 2017 an increase of 132%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +50.7% per year.
Imports of Spices; Cardamoms, Crushed or Ground in Norway
In 2022, purchases abroad of spices; cardamoms, crushed or ground was finally on the rise to reach 139 tons after two years of decline. Overall, imports, however, showed a slight reduction.
In value terms, spices; cardamoms, crushed or ground imports fell markedly to $2.3M in 2022. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. As a result, imports attained the peak of $3.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Cardamoms, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 1,558 | 1,768 | 1,236 | 1,197 | -8.4% |
| Germany | 397 | 575 | 580 | 500 | 8.0% |
| Netherlands | 400 | 598 | 543 | 257 | -13.7% |
| India | 77.8 | 375 | 266 | 142 | 22.2% |
| Denmark | N/A | 5.3 | 156 | 129 | 393.4% |
| Others | 29.3 | 139 | 42.9 | 50.2 | 19.7% |
| Total | 2,462 | 3,461 | 2,823 | 2,275 | -2.6% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Norway in 2022:
- Guatemala (82.3 tons)
- Germany (25.9 tons)
- Netherlands (20.0 tons)
- India (6.3 tons)
- Denmark (3.3 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Norway
In 2022, approx. 69 kg of spices; cardamoms, crushed or ground were exported from Norway; which is down by -52.1% against the year before. Over the period under review, exports showed a dramatic shrinkage.
In value terms, spices; cardamoms, crushed or ground exports fell sharply to $5.7K in 2022. In general, exports faced a sharp decrease.
| Export of Spices; Cardamoms, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Sweden | 5.2 | 9.4 | 5.7 | 4.7% | |
| Netherlands | 46.9 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 52.1 | 9.4 | 5.7 | -66.9% | |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Norway in 2022:
- Sweden (69.0 kg)
604
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Norway.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
604
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Norway.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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,
3773
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
8418
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.
3860
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,
