Price for Spices; Cardamoms, Crushed or Ground in Chile - 2023

Contents:

  1. Price for Spices; Cardamoms, Crushed or Ground in Chile (CIF) - 2022
  2. Imports of Spices; Cardamoms, Crushed or Ground in Chile

Price for Spices; Cardamoms, Crushed or Ground in Chile (CIF) - 2022

The average import price for spices; cardamoms, crushed or ground stood at $30,972 per ton in 2022, increasing by 18% against the previous year. Over the period under review, the import price enjoyed measured growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 70%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($130,300 per ton), while the price for Germany ($18,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+307.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Spices; Cardamoms, Crushed or Ground in Chile

In 2022, approx. 562 kg of spices; cardamoms, crushed or ground were imported into Chile; which is down by -77.2% compared with the previous year's figure. In general, imports showed a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 419%. As a result, imports attained the peak of 2.5 tons, and then shrank significantly in the following year.

In value terms, spices; cardamoms, crushed or ground imports dropped markedly to $17K in 2022. Overall, imports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of 470%. As a result, imports attained the peak of $65K, and then contracted notably in the following year.

Import of Spices; Cardamoms, Crushed or Ground in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany2.03.79.67.958.1%
MexicoN/AN/A9.96.5-34.3%
India9.94.88.02.8-34.4%
PeruN/AN/A0.5N/A0%
AlbaniaN/AN/A2.7N/A0%
GuatemalaN/AN/A9.1N/A0%
Netherlands1.71.21.2N/A-16.0%
Others1.71.623.50.1-61.1%
Total15.211.364.617.44.6%

Top Suppliers of Spices; Cardamoms, Crushed or Ground to Chile in 2022:

  1. Germany (430.0 kg)
  2. India (80.0 kg)
  3. Mexico (50.0 kg)

Source: IndexBox Market Intelligence Platform

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