Price for Spices; Mace, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Guatemala (CIF) - 2022
- Price for Spices; Mace, Crushed or Ground in Guatemala (FOB) - 2022
- Imports of Spices; Mace, Crushed or Ground in Guatemala
- Exports of Spices; Mace, Crushed or Ground in Guatemala
Price for Spices; Mace, Crushed or Ground in Guatemala (CIF) - 2022
In 2022, the average import price for spices; mace, crushed or ground amounted to $30,378 per ton, remaining relatively unchanged against the previous year. In general, the import price showed a tangible expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 54% against the previous year. As a result, import price attained the peak level of $45,417 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +44.8% per year.
Price for Spices; Mace, Crushed or Ground in Guatemala (FOB) - 2022
In 2022, the average export price for spices; mace, crushed or ground amounted to $20,543 per ton, growing by 49% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $24,599 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($23,333 per ton), while the average price for exports to Germany ($17,420 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mace, Crushed or Ground in Guatemala
For the fourth consecutive year, Guatemala recorded growth in purchases abroad of spices; mace, crushed or ground, which increased by 86% to 193 kg in 2022. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 88%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, spices; mace, crushed or ground imports skyrocketed to $5.9K in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 171% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Spices; Mace, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.6 | 1.5 | 2.5 | 5.9 | 114.2% |
| Costa Rica | 0.1 | 0.4 | 0.7 | N/A | 164.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.7 | 1.9 | 3.1 | 5.9 | 103.5% |
Top Suppliers of Spices; Mace, Crushed or Ground to Guatemala in 2022:
- United States (193.0 kg)
Exports of Spices; Mace, Crushed or Ground in Guatemala
Spices; mace, crushed or ground exports from Guatemala surged to 3.2 tons in 2022, increasing by 449% on the previous year. Overall, exports, however, saw a noticeable descent.
In value terms, spices; mace, crushed or ground exports surged to $66K in 2022. In general, exports continue to indicate a slight expansion.
| Export of Spices; Mace, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 57.4 | 120 | 7.3 | 51.7 | -3.4% |
| Germany | 4.1 | 6.1 | 0.5 | 14.1 | 50.9% |
| Others | 1.6 | 1.2 | 0.3 | 0.3 | -42.8% |
| Total | 63.0 | 127 | 8.0 | 66.0 | 1.6% |
Top Export Markets for Spices; Mace, Crushed or Ground from Guatemala in 2022:
- Austria (2.4 tons)
- Germany (0.8 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
775
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
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
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,
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,
