Price for Spices; Mace, Crushed or Ground in the Netherlands - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in the Netherlands (CIF) - 2023
- Price for Spices; Mace, Crushed or Ground in the Netherlands (FOB) - 2023
- Imports of Spices; Mace, Crushed or Ground in the Netherlands
- Exports of Spices; Mace, Crushed or Ground in the Netherlands
Price for Spices; Mace, Crushed or Ground in the Netherlands (CIF) - 2023
In August 2023, the average import price for spices; mace, crushed or ground amounted to $22,356 per ton, reducing by -9.7% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 21% m-o-m. Over the period under review, average import prices reached the peak figure at $24,932 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In August 2023, the highest price was recorded for prices from Belgium ($27,156 per ton) and Germany ($24,883 per ton), while the price for Vietnam ($20,029 per ton) and Indonesia ($22,926 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Mace, Crushed or Ground in the Netherlands (FOB) - 2023
In August 2023, the average export price for spices; mace, crushed or ground amounted to $24,244 per ton, approximately reflecting the previous month. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 10% month-to-month. The export price peaked at $25,365 per ton in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Austria ($37,424 per ton), while the average price for exports to Germany ($22,911 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in the Netherlands
Spices; mace, crushed or ground imports into the Netherlands rose sharply to 325 tons in 2022, growing by 10% on 2021 figures. The total import volume increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, spices; mace, crushed or ground imports surged to $7.9M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 84% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Spices; Mace, Crushed or Ground in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.8 | 4.6 | 5.1 | 4.1 | 72.4% |
| Vietnam | 1.8 | 0.6 | 0.7 | 2.2 | 6.9% |
| Belgium | 0.4 | 0.9 | 0.7 | 0.9 | 31.0% |
| Germany | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| Others | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Total | 3.4 | 6.2 | 6.7 | 7.9 | 32.4% |
Top Suppliers of Spices; Mace, Crushed or Ground to the Netherlands in 2022:
- Indonesia (171.1 tons)
- Vietnam (83.9 tons)
- Belgium (37.4 tons)
- Germany (24.8 tons)
Exports of Spices; Mace, Crushed or Ground in the Netherlands
In 2022, approx. 206 tons of spices; mace, crushed or ground were exported from the Netherlands; declining by -7.7% compared with the year before. Overall, exports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. As a result, the exports attained the peak of 223 tons, and then reduced in the following year.
In value terms, spices; mace, crushed or ground exports contracted to $5M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% 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 +40.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of $5.6M, and then fell in the following year.
| Export of Spices; Mace, Crushed or Ground in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,833 | 1,541 | 2,074 | 1,690 | -2.7% |
| Belgium | 446 | 320 | 1,096 | 1,567 | 52.0% |
| France | 47.0 | 140 | 395 | 602 | 134.0% |
| Switzerland | 128 | 394 | 399 | 284 | 30.4% |
| Austria | 226 | 869 | 706 | 142 | -14.4% |
| Hungary | 60.2 | 45.7 | 115 | 137 | 31.5% |
| Indonesia | N/A | 1.4 | N/A | 119 | 822.0% |
| Norway | 91.7 | 112 | 94.5 | 107 | 5.3% |
| Spain | 184 | 78.5 | 209 | 35.5 | -42.2% |
| Italy | 158 | 41.2 | 80.5 | 34.7 | -39.7% |
| Czech Republic | 147 | 101 | 46.0 | 30.3 | -40.9% |
| United Kingdom | 62.2 | 403 | 209 | 22.6 | -28.6% |
| Others | 167 | 183 | 178 | 222 | 10.0% |
| Total | 3,550 | 4,230 | 5,601 | 4,993 | 12.0% |
Top Export Markets for Spices; Mace, Crushed or Ground from the Netherlands in 2022:
- Germany (73.2 tons)
- Belgium (63.6 tons)
- France (24.2 tons)
- Switzerland (10.2 tons)
- Austria (5.8 tons)
- Hungary (5.2 tons)
- Indonesia (5.0 tons)
- Norway (3.2 tons)
- Spain (1.6 tons)
- Italy (1.5 tons)
- United Kingdom (1.3 tons)
- Czech Republic (1.2 tons)
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