Price for Spices; Mace, Crushed or Ground in France - 2023

Contents:

  1. Price for Spices; Mace, Crushed or Ground in France (CIF) - 2022
  2. Price for Spices; Mace, Crushed or Ground in France (FOB) - 2022
  3. Imports of Spices; Mace, Crushed or Ground in France
  4. Exports of Spices; Mace, Crushed or Ground in France

Price for Spices; Mace, Crushed or Ground in France (CIF) - 2022

In 2022, the average import price for spices; mace, crushed or ground amounted to $27,732 per ton, picking up by 5.1% against the previous year. Over the period under review, the import price showed a modest expansion. The pace of growth was the most pronounced in 2020 an increase of 34%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Sri Lanka ($38,481 per ton), while the price for India ($8,061 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Spices; Mace, Crushed or Ground in France (FOB) - 2022

In 2022, the average export price for spices; mace, crushed or ground amounted to $32,841 per ton, reducing by -3.5% against the previous year. Over the period under review, the export price saw a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $48,904 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($47,660 per ton), while the average price for exports to Spain ($20,403 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 Croatia (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spices; Mace, Crushed or Ground in France

Spices; mace, crushed or ground imports into France surged to 36 tons in 2022, rising by 33% on 2021. In general, imports, however, recorded a relatively flat trend pattern.

In value terms, spices; mace, crushed or ground imports soared to $987K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Spices; Mace, Crushed or Ground in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands91.820136347072.4%
Indonesia25767.529.0150-16.4%
Sri Lanka43.53.011314649.7%
Belgium94.114647.11229.0%
Germany32.479.363.882.736.7%
India3.84.76.07.827.1%
SpainN/AN/A57.8N/A0%
ItalyN/A34.317.6N/A-48.7%
Others25.13.210.38.3-30.8%
Total54853970798721.7%

Top Suppliers of Spices; Mace, Crushed or Ground to France in 2022:

  1. Netherlands (14.0 tons)
  2. Indonesia (8.3 tons)
  3. Belgium (5.5 tons)
  4. Sri Lanka (3.8 tons)
  5. Germany (2.9 tons)
  6. India (1.0 tons)

Exports of Spices; Mace, Crushed or Ground in France

In 2022, overseas shipments of spices; mace, crushed or ground increased by 54% to 7 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spices; mace, crushed or ground exports soared to $230K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Spices; Mace, Crushed or Ground in France (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom16.928.738.060.252.7%
Germany17.046.430.848.842.1%
Spain59.77.118.135.5-15.9%
Belgium2.73.321.734.4133.6%
Netherlands1.126.419.931.5205.9%
Sweden15.115.70.512.3-6.6%
Croatia4.98.52.36.49.3%
PolandN/A7.93.9N/A-50.6%
Others3.66.419.70.6-45.0%
Total12115015523023.9%

Top Export Markets for Spices; Mace, Crushed or Ground from France in 2022:

  1. Spain (1740.0 kg)
  2. Germany (1542.0 kg)
  3. United Kingdom (1280.0 kg)
  4. Belgium (946.0 kg)
  5. Netherlands (662.0 kg)
  6. Sweden (558.0 kg)
  7. Croatia (233.0 kg)

Source: IndexBox Market Intelligence Platform

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