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

Contents:

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

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

The average import price for spices; cardamoms, neither crushed nor ground stood at $7,747 per ton in 2022, growing by 30% against the previous year. In general, the import price showed a mild increase. The growth pace was the most rapid in 2017 an increase of 61%. Over the period under review, average import prices attained the peak figure at $13,400 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($20,720 per ton), while the price for Nicaragua ($1,081 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 States (-1.9%), while the prices for the other major suppliers experienced a decline.

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

The average export price for spices; cardamoms, neither crushed nor ground stood at $29,512 per ton in 2020, surging by 29% against the previous year. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 49% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2014 to 2020, the rate of growth in terms of prices for the Dominican Republic amounted to +55.6% per year.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Costa Rica

In 2022, imports of spices; cardamoms, neither crushed nor ground into Costa Rica soared to 2.9 tons, picking up by 91% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of 2,937%. As a result, imports attained the peak of 6.8 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of spices; cardamoms, neither crushed nor ground surged to $22K in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,015% against the previous year. As a result, imports attained the peak of $34K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Spices; Cardamoms, Neither Crushed Nor Ground in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Guatemala0.923.62.113.9149.0%
Spain1.99.56.68.363.5%
NicaraguaN/AN/AN/A0.10%
Others0.20.50.2N/A0.0%
Total3.033.69.022.294.9%

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

  1. Guatemala (2386.0 kg)
  2. Spain (400.0 kg)
  3. Nicaragua (86.0 kg)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Costa Rica

In 2020, exports of spices; cardamoms, neither crushed nor ground from Costa Rica surged to 1.1 tons, picking up by 59% compared with the previous year's figure. In general, total exports indicated significant growth from 2019 to 2020: its volume increased at an average annual rate of +59.0% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of spices; cardamoms, neither crushed nor ground skyrocketed to $32K in 2020. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Spices; Cardamoms, Neither Crushed Nor Ground in Costa Rica (Thousand USD)
COUNTRY20192020CAGR,
2019-2020
GermanyN/A32.50%
United States15.9N/A0%
OthersN/AN/A0%
Total15.932.5104.4%

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

  1. Germany (1.1 tons)

Source: IndexBox Market Intelligence Platform

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