Price for Spices; Mace, Crushed or Ground in Sri Lanka - 2021
Contents:
- Price for Spices; Mace, Crushed or Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Mace, Crushed or Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Mace, Crushed or Ground in Sri Lanka
- Imports of Spices; Mace, Crushed or Ground in Sri Lanka
Price for Spices; Mace, Crushed or Ground in Sri Lanka (FOB) - 2022
The average export price for spices; mace, crushed or ground stood at $30,286 per ton in 2022, waning by -4.9% against the previous year. In general, the export price saw a perceptible reduction. The pace of growth appeared the most rapid in 2014 an increase of 23%. The export price peaked at $39,978 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($43,856 per ton), while the average price for exports to India ($26,185 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 India (-1.1%), while the prices for the other major destinations experienced a decline.
Price for Spices; Mace, Crushed or Ground in Sri Lanka (CIF) - 2022
The average import price for spices; mace, crushed or ground stood at $26,717 per ton in 2022, standing approx. at the previous year. In general, the import price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 an increase of less than 0.1% against the previous year. The import price peaked at $26,933 per ton in 2021, and then fell slightly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2014 to 2022, the rate of growth in terms of prices for India amounted to +0.0% per year.
Exports of Spices; Mace, Crushed or Ground in Sri Lanka
In 2022, spices; mace, crushed or ground exports from Sri Lanka rose markedly to 16 tons, picking up by 10% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 51%. As a result, the exports reached the peak of 23 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, spices; mace, crushed or ground exports amounted to $473K in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -30.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year. As a result, the exports attained the peak of $680K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Spices; Mace, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 201 | 462 | 100 | 370 | 22.6% |
| United States | 23.9 | 20.0 | 13.9 | 66.5 | 40.7% |
| United Kingdom | 10.3 | 25.1 | 7.7 | 10.0 | -1.0% |
| Australia | 7.3 | 10.2 | 1.0 | 7.0 | -1.4% |
| Switzerland | 53.5 | 53.7 | 41.1 | 4.4 | -56.5% |
| India | 43.0 | 10.0 | 0.9 | 0.1 | -86.8% |
| Spain | N/A | 66.1 | N/A | N/A | 0% |
| Others | 41.3 | 33.7 | 286 | 14.6 | -29.3% |
| Total | 380 | 680 | 451 | 473 | 7.6% |
Top Export Markets for Spices; Mace, Crushed or Ground from Sri Lanka in 2022:
- India (undefined tons)
- Germany (12.5 tons)
- United States (2.1 tons)
- Australia (0.3 tons)
- United Kingdom (0.3 tons)
- Switzerland (0.1 tons)
Imports of Spices; Mace, Crushed or Ground in Sri Lanka
In 2022, the amount of spices; mace, crushed or ground imported into Sri Lanka shrank to 2.9 tons, reducing by -8.2% compared with 2021. Over the period under review, imports recorded a abrupt slump.
In value terms, spices; mace, crushed or ground imports shrank to $77K in 2022. In general, imports recorded a deep slump.
| Import of Spices; Mace, Crushed or Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Germany | N/A | 38.4 | 0% | ||
| China | 84.3 | N/A | 0% | ||
| Others | N/A | 38.4 | 0% | ||
| Total | 84.3 | 76.8 | -8.9% | ||
Top Suppliers of Spices; Mace, Crushed or Ground to Sri Lanka in 2022:
- Germany (1.4 tons)
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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 Sri Lanka.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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,
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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,
