Price for Spices; Cardamoms, Neither Crushed Nor Ground in Ireland - 2023

Contents:

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

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

The average import price for spices; cardamoms, neither crushed nor ground stood at $29,322 per ton in 2022, dropping by -4.3% against the previous year. Over the period under review, the import price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 69%. The import price peaked at $42,297 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($41,438 per ton), while the price for China ($11,456 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+34.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $42,373 per ton, rising by 18% against the previous year. Overall, the export price enjoyed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($43,200 per ton), while the average price for exports to the UK totaled $42,227 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+19.4%).

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

In 2022, after three years of growth, there was significant decline in supplies from abroad of spices; cardamoms, neither crushed nor ground, when their volume decreased by -19.7% to 8.8 tons. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year.

In value terms, imports of spices; cardamoms, neither crushed nor ground dropped significantly to $258K in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 61% against the previous year.

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

1. Guatemala (6.6 tons)
2. United Kingdom (0.7 tons)
3. India (0.6 tons)
4. China (0.5 tons)
5. France (0.3 tons)

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

Exports of spices; cardamoms, neither crushed nor ground from Ireland skyrocketed to 332 kg in 2022, rising by 396% compared with the year before. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $14K in 2022. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (282.0 kg)
2. France (50.0 kg)

Source: IndexBox Market Intelligence Platform