Price for Spices; Nutmeg, Crushed or Ground in Ecuador - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Ecuador (CIF) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Ecuador
Price for Spices; Nutmeg, Crushed or Ground in Ecuador (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $14,235 per ton, declining by -3.5% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth appeared the most rapid in 2021 an increase of 7.2% against the previous year. Over the period under review, average import prices attained the peak figure at $28,136 per ton in 2012; however, from 2013 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 the United States ($20,771 per ton), while the price for India ($8,576 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+48.7%), while the prices for the other major suppliers experienced a decline.
Imports of Spices; Nutmeg, Crushed or Ground in Ecuador
In 2022, the amount of spices; nutmeg, crushed or ground imported into Ecuador was estimated at 8.2 tons, increasing by 3.2% compared with 2021. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 115% against the previous year. As a result, imports attained the peak of 8.5 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, spices; nutmeg, crushed or ground imports shrank to $117K in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.5% 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 +88.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 88%.
| Import of Spices; Nutmeg, Crushed or Ground in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 21.0 | 27.2 | 38.1 | 38.3 | 22.2% |
| Germany | 19.3 | 26.4 | 31.3 | 30.8 | 16.9% |
| United States | N/A | N/A | 1.0 | 6.4 | 540.0% |
| Spain | 1.9 | 18.6 | 8.3 | 4.5 | 33.3% |
| India | N/A | N/A | N/A | 2.0 | 0% |
| Others | 20.1 | 44.7 | 39.1 | 35.3 | 20.6% |
| Total | 62.3 | 117 | 118 | 117 | 23.4% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Ecuador in 2022:
- Indonesia (2.8 tons)
- Germany (2.1 tons)
- Spain (0.4 tons)
- United States (0.3 tons)
- India (0.2 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Ecuador.
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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 Ecuador.
3988
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,
3773
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
8418
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,
