Poland: Market for Nutmeg, Mace And Cardamoms 2024

Market Size for Nutmeg, Mace And Cardamoms in Poland

After two years of growth, the Polish nutmeg, mace and cardamom market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Exports of Nutmeg, Mace And Cardamoms

Exports from Poland

In 2022, shipments abroad of nutmeg, mace and cardamoms decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at X tons in 2021, and then declined significantly in the following year.

In value terms, nutmeg, mace and cardamom exports contracted dramatically to $X in 2022. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Germany (X tons), Italy (X tons) and Hungary (X tons) were the main destinations of nutmeg, mace and cardamom exports from Poland, with a combined X% share of total exports. Portugal, the Czech Republic, Spain, Romania, Lithuania, Slovakia, Russia, France, Greece and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nutmeg, mace and cardamom exported from Poland were Germany ($X), Italy ($X) and Portugal ($X), with a combined X% share of total exports.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nutmeg, mace and cardamom export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, showed a mild decline. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Greece ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Nutmeg, Mace And Cardamoms

Imports into Poland

After two years of growth, supplies from abroad of nutmeg, mace and cardamoms decreased by X% to X tons in 2022. In general, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, nutmeg, mace and cardamom imports dropped significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of nutmeg, mace and cardamom imports to Poland, with a combined X% share of total imports. Italy, Spain, Austria, Latvia, the Czech Republic, Belgium and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest nutmeg, mace and cardamom suppliers to Poland, together comprising X% of total imports. Spain, Italy, Austria, the Czech Republic, Belgium, India and Latvia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nutmeg, mace and cardamom import price amounted to $X per ton, waning by X% against the previous year. In general, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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