Price for Spices; Mace, Neither Crushed Nor Ground in Australia - 2024
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Australia (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Australia (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Australia
- Exports of Spices; Mace, Neither Crushed Nor Ground in Australia
Price for Spices; Mace, Neither Crushed Nor Ground in Australia (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $20,761 per ton in 2022, which is down by -4.5% against the previous year. Over the period under review, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 81% against the previous year. The import price peaked at $21,742 per ton in 2021, and then declined slightly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($41,476 per ton), while the price for China ($9,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Mace, Neither Crushed Nor Ground in Australia (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $24,861 per ton, growing by 38% against the previous year. Overall, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $47,103 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Papua New Guinea amounted to +2.5% per year.
Imports of Spices; Mace, Neither Crushed Nor Ground in Australia
In 2022, after three years of growth, there was significant decline in purchases abroad of spices; mace, neither crushed nor ground, when their volume decreased by -43.5% to 4.9 tons. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 126%. As a result, imports reached the peak of 8.7 tons, and then fell notably in the following year.
In value terms, imports of spices; mace, neither crushed nor ground reduced sharply to $102K in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 165%. As a result, imports attained the peak of $188K, and then dropped significantly in the following year.
| Import of Spices; Mace, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 10.2 | 9.6 | 67.3 | 63.4 | 83.9% |
| China | 12.6 | 14.7 | 4.4 | 25.8 | 27.0% |
| Indonesia | 2.8 | 15.3 | 40.2 | 5.6 | 26.0% |
| Sri Lanka | 18.8 | 29.8 | 24.3 | 5.1 | -35.3% |
| Malaysia | 2.8 | 1.7 | 10.4 | 1.7 | -15.3% |
| Others | 0.5 | N/A | 41.7 | N/A | 813.2% |
| Total | 47.8 | 71.1 | 188 | 102 | 28.7% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Australia in 2022:
- China (2800.0 kg)
- India (1591.0 kg)
- Indonesia (250.0 kg)
- Sri Lanka (210.0 kg)
- Malaysia (42.0 kg)
Exports of Spices; Mace, Neither Crushed Nor Ground in Australia
After two years of decline, shipments abroad of spices; mace, neither crushed nor ground decreased by -12.2% to 36 kg in 2022. Overall, exports recorded a sharp decrease.
In value terms, exports of spices; mace, neither crushed nor ground skyrocketed to $895 in 2022. In general, exports continue to indicate a sharp reduction.
| Export of Spices; Mace, Neither Crushed Nor Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 0.9 | 0% |
| Papua New Guinea | 4.8 | N/A | 0.7 | N/A | -61.8% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 4.9 | N/A | 0.7 | 0.9 | -43.2% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Australia in 2022:
- India (36.0 kg)
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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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