Price for Spices; Mace, Neither Crushed Nor Ground in Morocco - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Morocco (CIF) - 2023
- Price for Spices; Mace, Neither Crushed Nor Ground in Morocco (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Morocco
- Exports of Spices; Mace, Neither Crushed Nor Ground in Morocco
Price for Spices; Mace, Neither Crushed Nor Ground in Morocco (CIF) - 2023
In June 2023, the average import price for spices; mace, neither crushed nor ground amounted to $16,822 per ton, standing approximately at the previous month. In general, the import price, however, saw a mild contraction. The pace of growth was the most pronounced in April 2023 an increase of 8% against the previous month. Over the period under review, average import prices attained the maximum at $21,222 per ton in November 2022; however, from December 2022 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From June 2022 to June 2023, the rate of growth in terms of prices for Indonesia amounted to -1.7% per month.
Price for Spices; Mace, Neither Crushed Nor Ground in Morocco (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $45,000 per ton in 2022, with an increase of 131% against the previous year. Over the period under review, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for France.
From 2015 to 2022, the rate of growth in terms of prices for Mali amounted to +243.2% per year.
Imports of Spices; Mace, Neither Crushed Nor Ground in Morocco
In 2022, after three years of growth, there was significant decline in overseas purchases of spices; mace, neither crushed nor ground, when their volume decreased by -14.4% to 73 tons. The total import volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports reached the peak of 86 tons, and then shrank in the following year.
In value terms, imports of spices; mace, neither crushed nor ground contracted dramatically to $1.4M in 2022. Over the period under review, imports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 84%.
| Import of Spices; Mace, Neither Crushed Nor Ground in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.8 | 1.5 | 0.9 | 1.4 | 20.5% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 0.8 | 1.5 | 1.8 | 1.4 | 20.5% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Morocco in 2022:
- Indonesia (73.4 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Morocco
Exports of spices; mace, neither crushed nor ground from Morocco contracted notably to 20 kg in 2022, with a decrease of -79.4% on 2021. Overall, exports recorded a precipitous contraction.
In value terms, exports of spices; mace, neither crushed nor ground reduced dramatically to $900 in 2022. In general, exports showed a precipitous contraction.
| Export of Spices; Mace, Neither Crushed Nor Ground in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| France | 939 | 900 | -4.2% | ||
| Others | 948 | N/A | 0% | ||
| Total | 1,887 | 900 | -52.3% | ||
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Morocco in 2022:
- France (20.0 kg)
359
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Morocco.
3984
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
359
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Morocco.
3984
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8414
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.
3856
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,
3771
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
8414
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.
3856
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,
