Price for Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia - 2024
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (CIF) - 2024
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (CIF) - 2024
In January 2024, the average import price for spices; cardamoms, neither crushed nor ground amounted to $15,754 per ton, increasing by 19% against the previous month. Overall, the import price posted a moderate increase. The most prominent rate of growth was recorded in October 2023 an increase of 66% against the previous month. The import price peaked in January 2024.
Prices varied noticeably by the country of origin: the country with the highest price was India ($17,986 per ton), while the price for Indonesia ($1,439 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $12,022 per ton, increasing by 11% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 123% against the previous year. The export price peaked at $21,009 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($29,791 per ton), while the average price for exports to Thailand ($7,915 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+152.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia
In 2022, purchases abroad of spices; cardamoms, neither crushed nor ground increased by 47% to 564 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; cardamoms, neither crushed nor ground shrank rapidly to $4.9M in 2022. Overall, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 9% against the previous year. As a result, imports attained the peak of $6.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.4 | 2.4 | 2.5 | 2.8 | 91.3% |
| Guatemala | 4.9 | 2.9 | 3.1 | 1.9 | -27.1% |
| Indonesia | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Singapore | 0.6 | 0.7 | 0.1 | N/A | -59.2% |
| Others | N/A | 0.5 | 0.2 | 0.1 | -55.3% |
| Total | 6.0 | 6.6 | 6.1 | 4.9 | -6.5% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Malaysia in 2022:
- India (349.5 tons)
- Guatemala (183.2 tons)
- Indonesia (19.0 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia
Exports of spices; cardamoms, neither crushed nor ground from Malaysia contracted sharply to 17 tons in 2022, falling by -24.4% against 2021 figures. Overall, exports showed a dramatic setback. The smallest decline of -7.6% was in 2020.
In value terms, exports of spices; cardamoms, neither crushed nor ground dropped dramatically to $210K in 2022. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 11%. As a result, the exports attained the peak of $778K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.5 | 97.2 | N/A | 93.7 | 296.8% |
| Thailand | 58.7 | 53.4 | 134 | 59.4 | 0.4% |
| South Korea | 4.3 | 2.2 | 5.5 | 24.1 | 77.6% |
| Singapore | 257 | 139 | 11.6 | 14.5 | -61.6% |
| New Zealand | 22.8 | 32.7 | 41.0 | 13.9 | -15.2% |
| Brunei Darussalam | 9.8 | 21.2 | N/A | 4.5 | -22.9% |
| Hong Kong SAR | 72.3 | 226 | 29.8 | N/A | -35.8% |
| India | 213 | N/A | N/A | N/A | 0% |
| South Africa | N/A | 77.0 | N/A | N/A | 0% |
| Taiwan (Chinese) | 64.4 | 122 | 26.2 | N/A | -36.2% |
| Others | N/A | 7.6 | 3.0 | N/A | -60.5% |
| Total | 703 | 778 | 251 | 210 | -33.2% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Malaysia in 2022:
- Indonesia (7.5 tons)
- Thailand (7.5 tons)
- South Korea (0.9 tons)
- Singapore (0.8 tons)
- New Zealand (0.5 tons)
- Brunei Darussalam (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
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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 Malaysia.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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,
3773
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
8419
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.
3860
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,
