Price for Spices; Mace, Crushed or Ground in Panama - 2023
Contents:
- Price for Spices; Mace, Crushed or Ground in Panama (CIF) - 2022
- Imports of Spices; Mace, Crushed or Ground in Panama
Price for Spices; Mace, Crushed or Ground in Panama (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $37,482 per ton in 2022, growing by 23% against the previous year. In general, the import price enjoyed resilient growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($37,649 per ton), while the price for the United States amounted to $35,875 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+83.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Mace, Crushed or Ground in Panama
In 2022, after two years of growth, there was significant decline in supplies from abroad of spices; mace, crushed or ground, when their volume decreased by -32% to 85 kg. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 136%. As a result, imports reached the peak of 125 kg, and then contracted notably in the following year.
In value terms, spices; mace, crushed or ground imports dropped markedly to $3.2K in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 115%. As a result, imports reached the peak of $3.8K, and then fell remarkably in the following year.
| Import of Spices; Mace, Crushed or Ground in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Spain | 1.3 | 1.0 | 2.9 | 49.4% | |
| United States | 0.4 | 0.1 | 0.3 | -13.4% | |
| Costa Rica | 0.1 | 2.8 | N/A | 2700.0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1.8 | 3.8 | 3.2 | 33.3% | |
Top Suppliers of Spices; Mace, Crushed or Ground to Panama in 2022:
- Spain (77.0 kg)
- United States (8.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Panama.
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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 Panama.
3988
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,
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
8418
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,
