Price for Spices; Cardamoms, Crushed or Ground in Singapore - 2022
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Singapore (FOB) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Singapore (CIF) - 2022
- Exports of Spices; Cardamoms, Crushed or Ground in Singapore
- Imports of Spices; Cardamoms, Crushed or Ground in Singapore
Price for Spices; Cardamoms, Crushed or Ground in Singapore (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $13,442 per ton, declining by -18.4% against the previous year. Over the period under review, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 64%. As a result, the export price attained the peak level of $23,319 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($40,980 per ton), while the average price for exports to Malaysia ($1,000 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 Vietnam (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Singapore (CIF) - 2022
In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $17,158 per ton, surging by 8.6% against the previous year. Over the period under review, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 197%. The import price peaked at $20,921 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($43,414 per ton), while the price for Saudi Arabia ($5,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.8%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Cardamoms, Crushed or Ground in Singapore
In 2022, overseas shipments of spices; cardamoms, crushed or ground decreased by -94.9% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 98%.
In value terms, spices; cardamoms, crushed or ground exports fell sharply to $23K in 2022. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 85%.
| Export of Spices; Cardamoms, Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | 7.5 | N/A | 8.1 | 3.9% |
| South Korea | 2.0 | 1.4 | 11.9 | 7.1 | 52.5% |
| New Zealand | N/A | N/A | N/A | 3.0 | 0% |
| Vietnam | 15.9 | 14.5 | 4.5 | 2.0 | -49.9% |
| Sri Lanka | N/A | 19.4 | 2.4 | 1.1 | -76.2% |
| Philippines | 0.9 | 13.5 | 1.3 | 0.9 | 0.0% |
| Seychelles | N/A | N/A | N/A | 0.7 | 0% |
| India | N/A | 181 | 463 | N/A | 155.8% |
| Indonesia | 208 | 149 | 35.7 | N/A | -58.6% |
| Others | 7.2 | 46.8 | 50.1 | 0.5 | -58.9% |
| Total | 234 | 433 | 569 | 23.5 | -53.5% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Singapore in 2022:
- New Zealand (500.0 kg)
- South Korea (415.0 kg)
- Fiji (400.0 kg)
- Seychelles (262.0 kg)
- Philippines (61.0 kg)
- Vietnam (50.0 kg)
- Sri Lanka (30.0 kg)
- Indonesia (1.0 kg)
Imports of Spices; Cardamoms, Crushed or Ground in Singapore
In 2022, supplies from abroad of spices; cardamoms, crushed or ground decreased by -78% to 7.4 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 832%.
In value terms, spices; cardamoms, crushed or ground imports fell significantly to $127K in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,340%.
| Import of Spices; Cardamoms, Crushed or Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.2 | 102 | 27.6 | 78.4 | 85.9% |
| Malaysia | 8.7 | 117 | 24.6 | 33.4 | 56.6% |
| Germany | N/A | N/A | N/A | 8.6 | 0% |
| China | 0.4 | 0.7 | 1.9 | 1.9 | 68.1% |
| Guatemala | 2.6 | 5.6 | 161 | 0.4 | -46.4% |
| Saudi Arabia | N/A | 182 | 308 | N/A | 69.2% |
| Others | 5.0 | 8.7 | 9.6 | 4.5 | -3.5% |
| Total | 28.9 | 416 | 532 | 127 | 63.8% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Singapore in 2022:
- Saudi Arabia (undefined tons)
- Guatemala (undefined tons)
- India (5.5 tons)
- Malaysia (0.8 tons)
- Germany (0.6 tons)
- China (0.3 tons)
631
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
631
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3791
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
8458
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.
3900
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,
3791
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
8458
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.
3900
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,
