Price for Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
- Exports of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR
- Imports of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR
Price for Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $10,606 per ton, waning by -62.2% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94%. As a result, the export price attained the peak level of $29,164 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Macao SAR.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +10.3% per year.
Price for Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $29,194 per ton in 2022, surging by 76% against the previous year. In general, the import price showed a pronounced expansion. Over the period under review, average import prices attained the peak figure at $37,970 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +25.4% per year.
Exports of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR
Exports of spices; mace, neither crushed nor ground from Hong Kong SAR skyrocketed to 6.7 tons in 2022, growing by 467% against the previous year's figure. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of spices; mace, neither crushed nor ground surged to $72K in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. As a result, the exports reached the peak of $87K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | N/A | 71.5 | 0% |
| South Africa | 17.3 | 29.3 | 20.0 | N/A | 7.5% |
| Netherlands | 7.0 | 29.2 | 5.7 | N/A | -9.8% |
| Israel | 3.4 | 4.3 | 2.0 | N/A | -23.3% |
| Others | 7.0 | 24.7 | 5.7 | N/A | -9.8% |
| Total | 34.7 | 87.5 | 33.4 | 71.5 | 27.3% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Hong Kong SAR in 2022:
- Macao SAR (6.7 tons)
Imports of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR
In 2022, after two years of decline, there was significant decline in supplies from abroad of spices; mace, neither crushed nor ground, when their volume decreased by -55.3% to 2.1 tons. Overall, imports, however, posted a significant expansion.
In value terms, imports of spices; mace, neither crushed nor ground fell dramatically to $62K in 2022. Over the period under review, imports, however, continue to indicate significant growth.
| Import of Spices; Mace, Neither Crushed Nor Ground in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | N/A | 6.9 | 61.8 | 309.5% |
| China | 3.6 | N/A | 0.8 | N/A | -52.9% |
| Vietnam | N/A | N/A | 3.9 | N/A | 0% |
| Malaysia | 1.8 | N/A | 1.9 | N/A | 2.7% |
| Indonesia | 1.2 | N/A | 22.9 | N/A | 336.8% |
| Pakistan | 0.1 | N/A | 0.8 | N/A | 182.8% |
| Others | N/A | N/A | 41.3 | N/A | 0% |
| Total | 7.6 | N/A | 78.6 | 61.8 | 101.1% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Hong Kong SAR in 2022:
- India (2.1 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 Hong Kong SAR, China.
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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,
