Price for Spices; Cardamoms, Crushed or Ground in Malaysia - 2021
Contents:
- Price for Spices; Cardamoms, Crushed or Ground in Malaysia (CIF) - 2021
- Price for Spices; Cardamoms, Crushed or Ground in Malaysia (FOB) - 2022
- Imports of Spices; Cardamoms, Crushed or Ground in Malaysia
- Exports of Spices; Cardamoms, Crushed or Ground in Malaysia
Price for Spices; Cardamoms, Crushed or Ground in Malaysia (CIF) - 2021
In December 2021, the average import price for spices; cardamoms, crushed or ground amounted to $13,629 per ton, dropping by -19.7% against the previous month. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in October 2021 an increase of 154% m-o-m. Over the period under review, average import prices hit record highs at $26,170 per ton in January 2021; however, from February 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was El Salvador ($14,393 per ton), while the price for China totaled $2,989 per ton.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Australia (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Crushed or Ground in Malaysia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, crushed or ground amounted to $22,607 per ton, increasing by 21% against the previous year. In general, the export price recorded a resilient expansion. The growth pace was the most rapid in 2013 an increase of 104% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($56,255 per ton), while the average price for exports to Singapore ($14,098 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 New Zealand (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Crushed or Ground in Malaysia
In 2022, the amount of spices; cardamoms, crushed or ground imported into Malaysia soared to 53 tons, surging by 95% on the previous year's figure. Overall, imports, however, continue to indicate a deep slump.
In value terms, spices; cardamoms, crushed or ground imports skyrocketed to $1.2M in 2022. In general, imports showed a strong increase.
| Import of Spices; Cardamoms, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 365 | 268 | 194 | 496 | 10.8% |
| El Salvador | 181 | 611 | 126 | 350 | 24.6% |
| India | 322 | 740 | 275 | 247 | -8.5% |
| China | 11.1 | 10.3 | 4.6 | 11.7 | 1.8% |
| Australia | 4.9 | 19.1 | 4.0 | 8.0 | 17.8% |
| Ethiopia | 11.4 | N/A | N/A | N/A | 0% |
| Pakistan | 2.6 | N/A | N/A | N/A | 0% |
| Others | 19.9 | 40.4 | 13.5 | 39.5 | 25.7% |
| Total | 919 | 1,688 | 616 | 1,152 | 7.8% |
Top Suppliers of Spices; Cardamoms, Crushed or Ground to Malaysia in 2022:
- Guatemala (22.9 tons)
- El Salvador (15.2 tons)
- India (10.3 tons)
- China (1.8 tons)
- Australia (0.8 tons)
Exports of Spices; Cardamoms, Crushed or Ground in Malaysia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; cardamoms, crushed or ground, when their volume decreased by -16% to 13 tons. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 47% against the previous year.
In value terms, spices; cardamoms, crushed or ground exports stood at $292K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -1.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, the exports reached the peak of $298K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Spices; Cardamoms, Crushed or Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 102 | 174 | 175 | 176 | 19.9% |
| Singapore | 2.9 | 47.9 | 68.6 | 69.0 | 187.6% |
| Taiwan (Chinese) | 8.8 | 19.2 | 8.7 | 19.0 | 29.2% |
| South Korea | 62.3 | 19.6 | 18.7 | 16.7 | -35.5% |
| Hong Kong SAR | N/A | N/A | 3.1 | N/A | 0% |
| Brunei Darussalam | 8.8 | 30.8 | 1.0 | N/A | -66.3% |
| Others | 11.6 | 7.0 | 11.6 | 11.3 | -0.9% |
| Total | 197 | 298 | 287 | 292 | 14.0% |
Top Export Markets for Spices; Cardamoms, Crushed or Ground from Malaysia in 2022:
- New Zealand (6.9 tons)
- Singapore (4.9 tons)
- South Korea (0.3 tons)
- Taiwan (Chinese) (0.3 tons)
690
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
3975
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
690
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
3975
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3770
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
8409
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.
3852
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,
3770
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
8409
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.
3852
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,
