Price for Spices; Cardamoms, Neither Crushed Nor Ground in Morocco - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (CIF) - 2022
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (FOB) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco
- Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $10,914 per ton in 2022, dropping by -40.3% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 50% against the previous year. The import price peaked at $18,281 per ton in 2021, and then contracted dramatically in the following year.
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 Guatemala ($12,264 per ton), while the price for Indonesia ($5,624 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (FOB) - 2022
In 2022, the average export price for spices; cardamoms, neither crushed nor ground amounted to $2,300 per ton, declining by -84.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 156% against the previous year. As a result, the export price attained the peak level of $14,564 per ton, and then dropped sharply in the following year.
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 Spain ($3,580 per ton), while the average price for exports to Algeria amounted to $1,552 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco
In 2022, imports of spices; cardamoms, neither crushed nor ground into Morocco shrank to 77 tons, reducing by -7.6% on 2021. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 99% against the previous year.
In value terms, imports of spices; cardamoms, neither crushed nor ground shrank notably to $844K in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 165% against the previous year. As a result, imports reached the peak of $1.5M, and then declined sharply in the following year.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 306 | 108 | 752 | 509 | 18.5% |
| Guatemala | 594 | 199 | 570 | 238 | -26.3% |
| Cote d'Ivoire | 2.9 | 1.1 | 0.9 | 49.5 | 157.5% |
| Indonesia | N/A | N/A | N/A | 42.2 | 0% |
| United Arab Emirates | 233 | 108 | 120 | N/A | -28.2% |
| Singapore | 78.9 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 144 | N/A | N/A | 0% |
| Others | 30.1 | 16.7 | 86.1 | 5.4 | -43.6% |
| Total | 1,245 | 577 | 1,529 | 844 | -12.2% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to Morocco in 2022:
- India (44.0 tons)
- Guatemala (19.4 tons)
- Indonesia (7.5 tons)
- Cote d'Ivoire (6.3 tons)
Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco
In 2022, shipments abroad of spices; cardamoms, neither crushed nor ground decreased by -59.8% to 1.3 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 710% against the previous year. As a result, the exports reached the peak of 3.2 tons, and then declined sharply in the following year.
In value terms, exports of spices; cardamoms, neither crushed nor ground contracted dramatically to $2.9K in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,973%. As a result, the exports attained the peak of $46K, and then declined markedly in the following year.
| Export of Spices; Cardamoms, Neither Crushed Nor Ground in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | 0.1 | 0.7 | 1.7 | 312.3% |
| Algeria | N/A | N/A | N/A | 1.2 | 0% |
| Germany | 0.2 | 1.4 | 6.7 | N/A | 478.8% |
| United States | N/A | N/A | 30.9 | N/A | 0% |
| Others | 0.3 | 0.7 | 7.6 | N/A | 403.3% |
| Total | 0.6 | 2.2 | 45.9 | 2.9 | 69.1% |
Top Export Markets for Spices; Cardamoms, Neither Crushed Nor Ground from Morocco in 2022:
- Algeria (800.0 kg)
- Spain (467.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Morocco.
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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 Morocco.
4018
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3790
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
8449
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.
3893
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,
3790
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
8449
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.
3893
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,
