Price for Spices; Cardamoms, Neither Crushed Nor Ground in China - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in China (CIF) - 2023
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in China (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in China
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in China
Price for Spices; Cardamoms, Neither Crushed Nor Ground in China (CIF) - 2023
The average import price for spices; cardamoms, neither crushed nor ground stood at $3,463 per ton in December 2023, standing approximately at the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 3.1% month-to-month. Over the period under review, average import prices attained the maximum at $3,498 per ton in August 2023; afterwards, it flattened through to December 2023.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From December 2022 to December 2023, the rate of growth in terms of prices for Indonesia amounted to -0.1% per month.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in China (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $9,890 per ton in 2022, increasing by 60% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($32,013 per ton), while the average price for exports to Rwanda ($548 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in China
Imports of spices; cardamoms, neither crushed nor ground into China skyrocketed to 18K tons in 2022, rising by 114% compared with 2021 figures. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 318% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground dropped modestly to $86M in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 774%.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 2.4 | 50.5 | 86.3 | 81.2 | 223.4% |
| Vietnam | N/A | N/A | 0.4 | 3.0 | 650.0% |
| Myanmar | 3.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | 0.4 | 1.4 | 141.0% |
| Total | 5.8 | 50.7 | 87.2 | 85.6 | 145.3% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to China in 2022:
- Indonesia (16.6K tons)
- Vietnam (1.4K tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in China
In 2022, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -52.2% to 4.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,632% against the previous year.
In value terms, exports of spices; cardamoms, neither crushed nor ground fell sharply to $48K in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 1,801% against the previous year.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 1.1 | 2.5 | 11.2 | 382.0% |
| Austria | N/A | N/A | N/A | 7.2 | 0% |
| Hong Kong SAR | N/A | N/A | 0.2 | 5.2 | 2500.0% |
| Canada | N/A | 0.3 | 2.6 | 2.7 | 200.0% |
| Singapore | 0.2 | 10.4 | 4.9 | 1.2 | 81.7% |
| South Africa | N/A | 0.1 | 0.1 | 0.9 | 200.0% |
| Rwanda | N/A | N/A | N/A | 0.2 | 0% |
| Dominican Republic | N/A | N/A | N/A | 0.1 | 0% |
| Taiwan (Chinese) | 0.1 | 0.9 | 2.6 | N/A | 409.9% |
| Pakistan | 1.0 | 15.7 | 34.5 | N/A | 487.4% |
| Others | 0.3 | 5.1 | 15.8 | 19.7 | 303.4% |
| Total | 1.8 | 33.5 | 63.2 | 48.3 | 199.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from China in 2022:
- United States (831.0 kg)
- Hong Kong SAR (674.0 kg)
- Rwanda (290.0 kg)
- Austria (225.0 kg)
- South Africa (211.0 kg)
- Singapore (165.0 kg)
- Dominican Republic (98.0 kg)
- Canada (85.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in China.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in China.
3948
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3749
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
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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.
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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,
3749
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
8386
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.
3834
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,
