Price for Spices; Cardamoms, Neither Crushed Nor Ground in Panama - 2023

Contents:

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

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

The average import price for spices; cardamoms, neither crushed nor ground stood at $6,374 per ton in 2022, declining by -18.6% against the previous year. Overall, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 84%. The import price peaked at $11,800 per ton in 2020; however, from 2021 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 Ecuador ($8,771 per ton), while the price for the United States totaled $2,901 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for spices; cardamoms, neither crushed nor ground stood at $7,841 per ton in 2022, which is down by -14.9% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 507% against the previous year. As a result, the export price reached the peak level of $9,219 per ton, and then contracted in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +66.9% per year.

Imports of Spices; Cardamoms, Neither Crushed Nor Ground in Panama

In 2022, supplies from abroad of spices; cardamoms, neither crushed nor ground decreased by -46.1% to 693 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 131%. As a result, imports attained the peak of 1.3 tons, and then shrank notably in the following year.

In value terms, imports of spices; cardamoms, neither crushed nor ground declined dramatically to $4.4K in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 105% against the previous year.

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

1. Ecuador (410.0 kg)
2. United States (283.0 kg)

Exports of Spices; Cardamoms, Neither Crushed Nor Ground in Panama

In 2022, overseas shipments of spices; cardamoms, neither crushed nor ground decreased by -39.1% to 36 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 359% against the previous year. As a result, the exports reached the peak of 60 tons, and then shrank rapidly in the following year.

In value terms, exports of spices; cardamoms, neither crushed nor ground declined significantly to $285K in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,684%. As a result, the exports attained the peak of $550K, and then shrank notably in the following year.

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

1. United Kingdom (36.3 tons)

Source: IndexBox Market Intelligence Platform