Price for Spices; Mace, Crushed or Ground in Chile - 2023

Contents:

  1. Price for Spices; Mace, Crushed or Ground in Chile (CIF) - 2022
  2. Imports of Spices; Mace, Crushed or Ground in Chile

Price for Spices; Mace, Crushed or Ground in Chile (CIF) - 2022

In 2022, the average import price for spices; mace, crushed or ground amounted to $38,219 per ton, growing by 55% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 89%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -1.1% per year.

Imports of Spices; Mace, Crushed or Ground in Chile

In 2022, purchases abroad of spices; mace, crushed or ground decreased by -91% to 40 kg, falling for the second consecutive year after two years of growth. Overall, imports saw a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 126%. As a result, imports reached the peak of 808 kg. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, spices; mace, crushed or ground imports reduced dramatically to $1.5K in 2022. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2020 with an increase of 328%. As a result, imports attained the peak of $19K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Spices; Mace, Crushed or Ground in Chile (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany0.54.24.61.544.2%
VietnamN/A4.2N/AN/A0%
United States1.9N/AN/AN/A0%
India2.19.63.0N/A19.5%
OthersN/A1.33.3N/A153.8%
Total4.519.311.01.5-30.7%

Top Suppliers of Spices; Mace, Crushed or Ground to Chile in 2022:

  1. Germany (40.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Spices; mace, crushed or ground - Chile