Price for Spices; Mace, Neither Crushed Nor Ground in Malaysia - 2024
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Malaysia (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Malaysia
- Exports of Spices; Mace, Neither Crushed Nor Ground in Malaysia
Price for Spices; Mace, Neither Crushed Nor Ground in Malaysia (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $12,261 per ton in 2022, reducing by -41.5% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $22,733 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sri Lanka ($23,378 per ton), while the price for Indonesia amounted to $10,965 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.9%).
Price for Spices; Mace, Neither Crushed Nor Ground in Malaysia (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $24,130 per ton in 2022, leveling off at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 57%. Over the period under review, the average export prices reached the peak figure at $25,719 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($25,293 per ton), while the average price for exports to Thailand ($19,495 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 South Korea (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Mace, Neither Crushed Nor Ground in Malaysia
In 2022, imports of spices; mace, neither crushed nor ground into Malaysia soared to 20 tons, jumping by 62% compared with 2021 figures. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of spices; mace, neither crushed nor ground dropped to $245K in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports reached the peak of $302K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Mace, Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 167 | 246 | 235 | 196 | 5.5% |
| Sri Lanka | 18.8 | 44.6 | 22.4 | 46.7 | 35.4% |
| Others | 3.1 | 11.2 | 1.2 | 1.6 | -19.8% |
| Total | 189 | 302 | 259 | 245 | 9.0% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Malaysia in 2022:
- Indonesia (17.9 tons)
- Sri Lanka (2.0 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Malaysia
In 2022, shipments abroad of spices; mace, neither crushed nor ground was finally on the rise to reach 9.7 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, exports of spices; mace, neither crushed nor ground skyrocketed to $234K in 2022. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Mace, Neither Crushed Nor Ground in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.2 | 6.4 | 5.0 | 105 | 220.1% |
| South Korea | 120 | 87.2 | 20.8 | 99.4 | -6.1% |
| Thailand | 50.3 | 50.3 | 25.4 | 29.2 | -16.6% |
| Hong Kong SAR | 3.6 | 3.7 | 1.8 | N/A | -29.3% |
| South Africa | 8.4 | 9.0 | 4.4 | N/A | -27.6% |
| Others | 6.6 | 1.6 | 5.4 | N/A | -9.5% |
| Total | 192 | 158 | 62.9 | 234 | 6.8% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Malaysia in 2022:
- Singapore (4.3 tons)
- South Korea (3.9 tons)
- Thailand (1.5 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Malaysia.
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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
8405
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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