Price for Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $18,722 per ton in 2022, shrinking by -13.8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 79% against the previous year. The import price peaked at $29,360 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($31,500 per ton), while the price for Poland totaled $18,071 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $19,000 per ton in 2022, which is down by -38.3% against the previous year. In general, the export price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79%. The export price peaked at $69,714 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Estonia.
From 2012 to 2022, the rate of growth in terms of prices for Belarus amounted to +23.0% per year.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania
In 2022, overseas purchases of spices; cardamoms, neither crushed nor ground decreased by -66.2% to 1.1 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 73%.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted remarkably to $21K in 2022. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 150%.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.3 | 30.5 | 32.2 | 19.9 | 148.3% |
| Latvia | 5.5 | 0.2 | 1.2 | 0.5 | -55.0% |
| Hungary | 3.9 | N/A | N/A | N/A | 0% |
| Slovakia | N/A | 6.1 | N/A | N/A | 0% |
| Guatemala | N/A | N/A | 38.7 | N/A | 0% |
| Netherlands | 12.2 | 19.4 | 0.4 | N/A | -81.9% |
| Others | 0.5 | 2.0 | 0.9 | 0.9 | 21.6% |
| Total | 23.3 | 58.2 | 73.4 | 21.4 | -2.8% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Lithuania in 2022:
- Poland (1104.0 kg)
- Latvia (13.0 kg)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania
For the third year in a row, Lithuania recorded decline in overseas shipments of spices; cardamoms, neither crushed nor ground, which decreased by -44.4% to 10 kg in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The smallest decline of -38.5% was in 2020.
In value terms, exports of spices; cardamoms, neither crushed nor ground contracted rapidly to $190 in 2022. Overall, exports showed a precipitous decline. The smallest decline of -33.6% was in 2020.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 648 | 795 | 235 | 190 | -33.6% |
| Russia | N/A | 132 | N/A | N/A | 0% |
| Germany | 436 | 433 | N/A | N/A | -0.7% |
| Latvia | 1,100 | 6.0 | N/A | N/A | -99.5% |
| Finland | 426 | N/A | N/A | N/A | 0% |
| Belarus | 288 | 559 | 319 | N/A | 5.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,898 | 1,925 | 554 | 190 | -59.7% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Lithuania in 2022:
- Estonia (10.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Lithuania.
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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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