Price for Spices; Cardamoms, Crushed or Ground in Colombia - 2021
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Colombia (CIF) - 2022
- Price for Spices; Cardamoms, Crushed or Ground in Colombia (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Colombia
- Exports of Spices; Cardamoms, Crushed or Ground in Colombia
Price for Spices; Cardamoms, Crushed or Ground in Colombia (CIF) - 2022
The average import price for spices; cardamoms, crushed or ground stood at $37,664 per ton in 2022, increasing by 55% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average import price increased by 85% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($86,571 per ton), while the price for Austria ($27,137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+45.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Crushed or Ground in Colombia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $15,675 per ton, reducing by -17.4% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $18,979 per ton in 2021, and then shrank significantly in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($17,350 per ton), while the average price for exports to the United States stood at $13,488 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+13.7%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Crushed or Ground in Colombia
In 2022, the amount of spices; cardamoms, crushed or ground imported into Colombia surged to 110 kg, increasing by 124% on the previous year. In general, imports, however, recorded a pronounced reduction.
In value terms, spices; cardamoms, crushed or ground imports soared to $4.1K in 2022. Over the period under review, imports showed a perceptible expansion.
| Import of Spices; Cardamoms, Crushed or Ground in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 793 | 328 | 378 | 1,405 | 21.0% |
| Austria | 301 | 914 | 389 | 1,384 | 66.3% |
| Spain | 53.0 | 494 | 189 | 606 | 125.3% |
| Switzerland | 19.0 | 165 | 105 | 337 | 160.8% |
| United States | 13.0 | 106 | 67.0 | 215 | 154.8% |
| Guatemala | 536 | 2,850 | 63.0 | 196 | -28.5% |
| India | 1,220 | N/A | N/A | N/A | 0% |
| Others | 830 | 2,237 | N/A | N/A | 169.5% |
| Total | 3,765 | 7,094 | 1,191 | 4,143 | 3.2% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Colombia in 2022:
- Austria (51.0 kg)
- Germany (37.0 kg)
- Spain (7.0 kg)
- Switzerland (6.0 kg)
- United States (5.0 kg)
- Guatemala (4.0 kg)
Exports of Spices; Cardamoms, Crushed or Ground in Colombia
In 2022, after two years of decline, there was significant growth in overseas shipments of spices; cardamoms, crushed or ground, when their volume increased by 126% to 756 kg. Overall, exports, however, recorded a significant contraction.
In value terms, spices; cardamoms, crushed or ground exports surged to $12K in 2022. Over the period under review, exports, however, showed a precipitous shrinkage.
| Export of Spices; Cardamoms, Crushed or Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 15.4 | 6.2 | 3.4 | 7.4 | -21.7% |
| United States | 11.1 | 8.7 | 2.1 | 4.4 | -26.5% |
| United Arab Emirates | 0.9 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 2.1 | 0.8 | N/A | -61.9% |
| Others | 0.1 | 0.4 | N/A | N/A | 300.0% |
| Total | 27.5 | 17.3 | 6.4 | 11.8 | -24.6% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Colombia in 2022:
- Canada (428.0 kg)
- United States (328.0 kg)
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