Price for Spices; Cardamoms, Crushed or Ground in China - 2022

Contents:

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

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

In 2022, the average import price for spices; cardamoms, crushed or ground amounted to $25,281 per ton, shrinking by -7.4% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 an increase of 135%. Over the period under review, average import prices hit record highs at $29,933 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Germany ($40,500 per ton), while the price for Finland ($1,000 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (+84.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Spices; Cardamoms, Crushed or Ground in China

In 2022, overseas purchases of spices; cardamoms, crushed or ground were finally on the rise to reach 32 kg after two years of decline. In general, imports, however, continue to indicate a precipitous setback.

In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $809 in 2022. Overall, imports, however, continue to indicate a sharp decrease.

Import of Spices; Cardamoms, Crushed or Ground in China (USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/AN/A103318208.7%
GermanyN/A39829.081.0-54.9%
India3545506.04.0-77.6%
Netherlands125N/AN/A1.0-80.0%
Finland1.01.01.01.00.0%
HungaryN/AN/AN/A1.00%
Sri Lanka355N/AN/AN/A0%
Nepal4,792N/AN/AN/A0%
United Arab Emirates49.0N/AN/AN/A0%
Others12939813440346.2%
Total5,8051,347273809-48.2%

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

  1. Myanmar (10.0 kg)
  2. Germany (2.0 kg)
  3. Netherlands (1.0 kg)
  4. Finland (1.0 kg)
  5. India (1.0 kg)
  6. Hungary (1.0 kg)

Source: IndexBox Market Intelligence Platform

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