Price for Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon - 2022

Contents:

1. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon (FOB) - 2022
2. Price for Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon (CIF) - 2022
3. Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon
4. Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon (FOB) - 2022

The average export price for spices; cardamoms, neither crushed nor ground stood at $18,067 per ton in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the export price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 27%. The export price peaked at $18,370 per ton in 2021, and then fell in the following year.

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 France ($19,286 per ton), while the average price for exports to Austria stood at $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.5%).

Price for Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon (CIF) - 2022

In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $15,286 per ton, increasing by 11% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 90% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 the United Arab Emirates ($17,143 per ton), while the price for France ($6,000 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 Arab Emirates (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon

Exports of spices; cardamoms, neither crushed nor ground from Cameroon shrank dramatically to 15 kg in 2022, reducing by -44.4% against the previous year's figure. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 800%.

In value terms, exports of spices; cardamoms, neither crushed nor ground dropped markedly to $271 in 2022. Over the period under review, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 978%.

Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Cameroon in 2022:

1. France (14.0 kg)
2. Austria (1.0 kg)

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Cameroon

For the third year in a row, Cameroon recorded decline in overseas purchases of spices; cardamoms, neither crushed nor ground, which decreased by -12.5% to 14 kg in 2022. Over the period under review, imports faced a deep slump.

In value terms, imports of spices; cardamoms, neither crushed nor ground declined slightly to $214 in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 8.9% against the previous year.

Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Cameroon in 2022:

1. United Arab Emirates (7.0 kg)
2. India (5.0 kg)
3. Guatemala (1.0 kg)
4. France (1.0 kg)

Source: IndexBox Market Intelligence Platform