Price for Spices; Cardamoms, Crushed or Ground in Canada - 2023
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Canada (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Canada (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Canada
- Exports of Spices; Cardamoms, Crushed or Ground in Canada
Price for Spices; Cardamoms, Crushed or Ground in Canada (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $14,976 per ton, declining by -18.4% against the previous year. In general, the import price, however, saw strong growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 67%. The import price peaked at $27,094 per ton in 2017; however, from 2018 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 Germany ($32,907 per ton), while the price for Ethiopia ($4,906 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Canada (FOB) - 2022
The average export price for spices; cardamoms, crushed or ground stood at $6,398 per ton in 2022, dropping by -42.1% against the previous year. Over the period under review, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 246%. As a result, the export price attained the peak level of $25,030 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.5% per year.
Imports of Spices; Cardamoms, Crushed or Ground in Canada
For the fourth year in a row, Canada recorded growth in supplies from abroad of spices; cardamoms, crushed or ground, which increased by 8.2% to 101 tons in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.3% 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 increased by +87.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, spices; cardamoms, crushed or ground imports contracted to $1.5M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 26% against the previous year.
| Import of Spices; Cardamoms, Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 292 | 481 | 572 | 705 | 34.2% |
| India | 309 | 284 | 792 | 367 | 5.9% |
| Ethiopia | 16.0 | 24.3 | 44.6 | 113 | 91.9% |
| Sri Lanka | 81.3 | 162 | 149 | 87.0 | 2.3% |
| United States | 363 | 404 | 88.0 | 79.7 | -39.7% |
| Germany | 0.1 | 15.2 | N/A | 53.6 | 712.3% |
| Lebanon | 15.6 | 62.4 | 34.8 | 47.4 | 44.8% |
| Nicaragua | N/A | N/A | N/A | 12.7 | 0% |
| Others | 69.3 | 15.3 | 32.1 | 46.0 | -12.8% |
| Total | 1,146 | 1,448 | 1,713 | 1,512 | 9.7% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Canada in 2022:
- Guatemala (27.7 tons)
- India (24.9 tons)
- Ethiopia (23.1 tons)
- Sri Lanka (11.6 tons)
- United States (4.9 tons)
- Lebanon (2.1 tons)
- Nicaragua (1.9 tons)
- Germany (1.6 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Canada
In 2022, spices; cardamoms, crushed or ground exports from Canada skyrocketed to 9.1 tons, increasing by 83% on 2021. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 668%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; cardamoms, crushed or ground exports expanded remarkably to $58K in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 500%.
| Export of Spices; Cardamoms, Crushed or Ground in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.1 | 9.1 | 55.0 | 58.3 | 125.3% |
| India | 63.6 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 68.7 | 9.2 | 55.0 | 58.3 | -5.3% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Canada in 2022:
- United States (9.1 tons)
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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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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,
