Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $11,444 per ton in 2022, shrinking by -43.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 159% against the previous year. The import price peaked at $20,392 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($32,079 per ton), while the price for China ($9,324 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $7,445 per ton, surging by 2.9% against the previous year. Overall, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90% against the previous year. As a result, the export price attained the peak level of $28,927 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($11,504 per ton), while the average price for exports to China totaled $6,705 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (-2.9%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, overseas purchases of spices; cardamoms, neither crushed nor ground decreased by -48.2% to 31 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. As a result, imports reached the peak of 60 tons, and then dropped dramatically in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground contracted sharply to $354K in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of $1.2M, and then contracted remarkably in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | 9.4 | 228 | 2325.5% |
| Thailand | 18.3 | 41.8 | 28.1 | 60.6 | 49.1% |
| India | 106 | 76.2 | 201 | 46.8 | -23.9% |
| Japan | N/A | 74.7 | 681 | 17.3 | -51.9% |
| Indonesia | 286 | 16.6 | 36.4 | 0.4 | -88.8% |
| Vietnam | N/A | 81.7 | N/A | N/A | 0% |
| United Arab Emirates | 0.4 | 318 | 230 | N/A | 2297.9% |
| Others | 17.1 | 7.5 | 29.9 | N/A | 32.2% |
| Total | 427 | 617 | 1,216 | 354 | -6.1% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Hong Kong SAR in 2022:
- China (24.5 tons)
- India (3.6 tons)
- Thailand (1.9 tons)
- Japan (0.9 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, the amount of spices; cardamoms, neither crushed nor ground exported from Hong Kong SAR soared to 35 tons, increasing by 151% compared with the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 767%. As a result, the exports reached the peak of 68 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of spices; cardamoms, neither crushed nor ground soared to $259K in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 389% against the previous year. As a result, the exports attained the peak of $549K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 77.5 | N/A | 83.5 | 199 | 36.9% |
| Macao SAR | N/A | 6.0 | N/A | 52.4 | 195.5% |
| Vietnam | N/A | 134 | N/A | N/A | 0% |
| Singapore | N/A | 289 | N/A | N/A | 0% |
| South Africa | N/A | 105 | N/A | N/A | 0% |
| Taiwan (Chinese) | 23.6 | 6.7 | N/A | N/A | -71.6% |
| Others | 11.0 | 7.8 | 16.9 | 8.2 | -9.3% |
| Total | 112 | 549 | 100 | 259 | 32.2% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Hong Kong SAR in 2022:
- China (29.6 tons)
- Macao SAR (4.6 tons)
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