Price for Spices; Mace, Neither Crushed Nor Ground in Indonesia - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
- Exports of Spices; Mace, Neither Crushed Nor Ground in Indonesia
- Imports of Spices; Mace, Neither Crushed Nor Ground in Indonesia
Price for Spices; Mace, Neither Crushed Nor Ground in Indonesia (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $16,063 per ton, waning by -1.9% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 40%. Over the period under review, the average export prices reached the peak figure at $16,376 per ton in 2021, and then contracted slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($23,399 per ton), while the average price for exports to Pakistan ($9,618 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 Vietnam (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Spices; Mace, Neither Crushed Nor Ground in Indonesia (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $6,048 per ton, which is down by -59.7% against the previous year. Over the period under review, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 84% against the previous year. Over the period under review, average import prices attained the peak figure at $42,625 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Pakistan.
From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to -6.8% per year.
Exports of Spices; Mace, Neither Crushed Nor Ground in Indonesia
In 2022, after three years of growth, there was significant decline in shipments abroad of spices; mace, neither crushed nor ground, when their volume decreased by -11.4% to 3.2K tons. The total export volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of 3.6K tons, and then contracted in the following year.
In value terms, exports of spices; mace, neither crushed nor ground contracted to $51M in 2022. The total export value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports attained the peak of $59M, and then declined in the following year.
| Export of Spices; Mace, Neither Crushed Nor Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 22.0 | 20.6 | 29.4 | 31.4 | 12.6% |
| Germany | 1.8 | 2.2 | 1.8 | 3.9 | 29.4% |
| Pakistan | 2.3 | 3.7 | 3.3 | 2.9 | 8.0% |
| Vietnam | 2.1 | 3.3 | 2.6 | 2.7 | 8.7% |
| Bangladesh | 1.8 | 4.0 | 3.8 | 2.5 | 11.6% |
| United States | 0.6 | 1.8 | 2.2 | 1.9 | 46.8% |
| Morocco | 0.4 | 1.0 | 1.3 | 0.9 | 31.0% |
| Others | 9.7 | 10.4 | 14.2 | 4.9 | -20.4% |
| Total | 40.7 | 47.0 | 58.7 | 51.0 | 7.8% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Indonesia in 2022:
- India (1862.4 tons)
- Pakistan (303.3 tons)
- Germany (192.0 tons)
- Bangladesh (179.9 tons)
- Vietnam (175.8 tons)
- United States (115.0 tons)
- Morocco (52.2 tons)
Imports of Spices; Mace, Neither Crushed Nor Ground in Indonesia
Imports of spices; mace, neither crushed nor ground into Indonesia skyrocketed to 5.7 tons in 2022, picking up by 7,461% on 2021 figures. Overall, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mace, neither crushed nor ground surged to $34K in 2022. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spices; Mace, Neither Crushed Nor Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 34.3 | 0% |
| United Arab Emirates | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 1.3 | 1.1 | N/A | 134.5% |
| Total | 1.5 | 1.3 | 1.1 | 34.3 | 183.8% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Indonesia in 2022:
- Pakistan (5.7 tons)
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