Price for Spices; Cardamoms, Neither Crushed Nor Ground in Colombia - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $15,613 per ton, stabilizing at the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; cardamoms, neither crushed nor ground decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52%. Over the period under review, the average export prices attained the maximum at $15,855 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($17,224 per ton) and Saudi Arabia ($15,542 per ton), while the average price for exports to the United States ($14,127 per ton) and Canada ($14,648 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $22,919 per ton in 2022, flattening at the previous year. Overall, the import price, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 100%. Over the period under review, average import prices reached the peak figure at $23,024 per ton in 2021, and then reduced in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($23,990 per ton), while the price for India totaled $22,397 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.3%).
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia
In 2022, approx. 4.3 tons of spices; cardamoms, neither crushed nor ground were exported from Colombia; jumping by 41% against the previous year's figure. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 492% against the previous year. As a result, the exports reached the peak of 5.5 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $66K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 482%. As a result, the exports attained the peak of $86K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 2.9 | 40.5 | 27.1 | 35.7 | 130.9% |
| Germany | 3.1 | 12.4 | 12.0 | 15.8 | 72.1% |
| United States | 2.6 | 8.4 | 2.7 | 8.2 | 46.6% |
| Canada | 2.4 | 9.0 | 5.6 | 6.8 | 41.5% |
| Others | 3.7 | 15.3 | N/A | N/A | 313.5% |
| Total | 14.7 | 85.6 | 47.4 | 66.5 | 65.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Colombia in 2022:
- Saudi Arabia (2.3 tons)
- Germany (0.9 tons)
- United States (0.6 tons)
- Canada (0.5 tons)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia
In 2022, the amount of spices; cardamoms, neither crushed nor ground imported into Colombia amounted to 592 kg, standing approx. at the year before. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 796%. As a result, imports reached the peak of 905 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of spices; cardamoms, neither crushed nor ground reached $14K in 2022. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 992%. As a result, imports reached the peak of $14K; afterwards, it flattened through to 2022.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 8.9 | 0% |
| United States | 0.9 | 13.6 | 13.5 | 4.7 | 73.5% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 1.2 | 13.6 | 13.5 | 13.6 | 124.6% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Colombia in 2022:
- India (398.0 kg)
- United States (194.0 kg)
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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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