Price for Spices; Mace, Crushed or Ground in Norway - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Norway (CIF) - 2022
- Imports of Spices; Mace, Crushed or Ground in Norway
Price for Spices; Mace, Crushed or Ground in Norway (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $27,873 per ton in 2022, reducing by -16.1% against the previous year. Over the period under review, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the peak figure at $37,806 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Indonesia ($32,362 per ton), while the price for India ($20,580 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in Norway
In 2022, supplies from abroad of spices; mace, crushed or ground decreased by -6.1% to 5.3 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 17% against the previous year. As a result, imports reached the peak of 7.3 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; mace, crushed or ground imports contracted significantly to $148K in 2022. Overall, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 67% against the previous year. As a result, imports reached the peak of $218K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Spices; Mace, Crushed or Ground in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 98.2 | 177 | 115 | 75.3 | -8.5% |
| Germany | 8.2 | 18.0 | 28.3 | 32.7 | 58.6% |
| Thailand | 3.1 | N/A | 11.1 | 30.9 | 115.2% |
| India | 11.4 | 20.6 | 13.0 | 8.3 | -10.0% |
| Sri Lanka | N/A | N/A | 14.9 | 0.9 | -94.0% |
| Kenya | 5.2 | N/A | N/A | N/A | 0% |
| Turkey | 3.7 | 2.4 | 4.0 | N/A | 4.0% |
| Others | 1.0 | N/A | 1.8 | N/A | 34.2% |
| Total | 131 | 218 | 188 | 148 | 4.2% |
Top Suppliers of Spices; Mace, Crushed or Ground to Norway in 2022:
- Sri Lanka (undefined tons)
- Indonesia (2.3 tons)
- Thailand (1.5 tons)
- Germany (1.1 tons)
- India (0.4 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Norway.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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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