Price for Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines - 2023
Contents:
- Price for Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
- Imports of Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines
Price for Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
The average import price for spices; cardamoms, neither crushed nor ground stood at $14,358 per ton in 2022, dropping by -37.1% against the previous year. Overall, the import price, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 155% against the previous year. The import price peaked at $25,885 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($14,360 per ton), while the price for Germany totaled $14,337 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+52.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines
In 2022, imports of spices; cardamoms, neither crushed nor ground into the Philippines surged to 4.7 tons, rising by 237% on 2021 figures. Overall, imports showed strong growth. 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 soared to $68K in 2022. In general, imports saw prominent growth.
| Import of Spices; Cardamoms, Neither Crushed Nor Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 48.0 | 44.6 | 30.8 | 63.5 | 9.8% |
| Germany | N/A | N/A | N/A | 3.9 | 0% |
| United Arab Emirates | 0.8 | 36.3 | N/A | N/A | 4437.5% |
| Others | 0.1 | 1.6 | 1.1 | 0.3 | 44.2% |
| Total | 48.9 | 82.6 | 31.9 | 67.6 | 11.4% |
Top Suppliers of Spices; Cardamoms, Neither Crushed Nor Ground to the Philippines in 2022:
- India (4.4 tons)
- Germany (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Philippines.
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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 the Philippines.
3975
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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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,
3770
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
8409
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.
3853
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,
