Price for Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
The average export price for spices; cardamoms, neither crushed nor ground stood at $5,541 per ton in March 2022, waning by -3.6% against the previous month. Overall, the export price recorded a perceptible slump. The growth pace was the most rapid in April 2021 an increase of 20% m-o-m. As a result, the export price attained the peak level of $9,980 per ton. From May 2021 to March 2022, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From March 2021 to March 2022, the rate of growth in terms of prices for China amounted to -3.7% per month.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
In 2022, the average import price for spices; cardamoms, neither crushed nor ground amounted to $8,182 per ton, reducing by -7.4% against the previous year. In general, the import price saw a perceptible decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34%. The import price peaked at $10,094 per ton in 2012; however, from 2013 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 Malaysia ($27,294 per ton), while the price for Guatemala ($6,687 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+66.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia
Exports of spices; cardamoms, neither crushed nor ground from Indonesia surged to 17K tons in 2022, picking up by 60% compared with the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 72%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of spices; cardamoms, neither crushed nor ground surged to $94M in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 205% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.8 | 50.8 | 65.2 | 82.4 | 129.7% |
| Vietnam | 12.7 | 10.9 | 8.4 | 8.0 | -14.3% |
| Others | 1.7 | 2.7 | 3.2 | 3.3 | 24.7% |
| Total | 21.1 | 64.4 | 76.8 | 93.7 | 64.4% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Indonesia in 2022:
- China (14.5K tons)
- Vietnam (1.9K tons)
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; cardamoms, neither crushed nor ground, when their volume decreased by -25.2% to 59 tons. Overall, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 93%. As a result, imports reached the peak of 79 tons, and then fell notably in the following year.
In value terms, imports of spices; cardamoms, neither crushed nor ground declined rapidly to $481K in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 159%. As a result, imports attained the peak of $694K, and then fell significantly in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 8.5 | 130 | 129 | 188 | 180.7% |
| Guatemala | 67.1 | 21.6 | 180 | 133 | 25.6% |
| India | 51.7 | 53.5 | 170 | 124 | 33.9% |
| South Korea | N/A | N/A | N/A | 29.3 | 0% |
| China | 11.0 | N/A | 59.6 | N/A | 132.8% |
| Ethiopia | N/A | 45.8 | 143 | N/A | 212.2% |
| Others | 6.7 | 16.4 | 12.3 | 6.0 | -3.6% |
| Total | 145 | 268 | 694 | 481 | 49.1% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Indonesia in 2022:
- Guatemala (19.9 tons)
- Singapore (19.9 tons)
- India (16.1 tons)
- South Korea (2.5 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Indonesia.
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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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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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