Price for Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $17,278 per ton, increasing by 13% against the previous year. Overall, the import price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $32,943 per ton in 2012; however, from 2013 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 Estonia ($71,055 per ton), while the price for Germany ($5,545 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (FOB) - 2022
In 2021, the average export price for spices; nutmeg, neither crushed nor ground amounted to $16,636 per ton, with a decrease of -28.3% against the previous year. Over the period under review, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2015 an increase of 160%. As a result, the export price reached the peak level of $30,706 per ton. From 2016 to 2021, the average export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($19,600 per ton), while the average price for exports to Latvia ($13,600 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania
Imports of spices; nutmeg, neither crushed nor ground into Lithuania rose remarkably to 953 kg in 2022, picking up by 5.4% against 2021 figures. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
In value terms, imports of spices; nutmeg, neither crushed nor ground skyrocketed to $16K in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | N/A | 3.0 | 7.8 | 160.0% |
| Poland | 2.5 | 1.9 | 7.1 | 6.5 | 37.5% |
| Latvia | 1.7 | 2.6 | 2.6 | 1.9 | 3.8% |
| Germany | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Spain | 4.4 | 2.8 | N/A | N/A | -36.4% |
| Austria | 2.2 | 1.0 | N/A | N/A | -54.5% |
| Netherlands | 3.2 | 2.7 | 0.5 | N/A | -60.5% |
| Others | 0.5 | 0.7 | 0.4 | N/A | -10.6% |
| Total | 14.7 | 11.8 | 13.8 | 16.5 | 3.9% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Lithuania in 2022:
- Poland (778.0 kg)
- Estonia (110.0 kg)
- Germany (33.0 kg)
- Latvia (31.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania
After two years of growth, shipments abroad of spices; nutmeg, neither crushed nor ground decreased by -84.5% to 11 kg in 2021. Over the period under review, exports saw a sharp decline. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year. As a result, the exports attained the peak of 71 kg, and then fell markedly in the following year.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined markedly to $183 in 2021. In general, exports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 64%. As a result, the exports attained the peak of $1.6K, and then declined notably in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 91.0 | 950 | 98.0 | 3.8% | |
| Latvia | N/A | N/A | 68.0 | 0% | |
| Kazakhstan | N/A | N/A | 17.0 | 0% | |
| Estonia | 911 | 698 | N/A | -23.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,002 | 1,648 | 183 | -57.3% | |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Lithuania in 2022:
- Latvia (5.0 kg)
- Russia (5.0 kg)
- Kazakhstan (1.0 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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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Lithuania.
3992
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3777
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
8422
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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Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3777
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
8422
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.
3860
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
