Price for Spices; Mace, Neither Crushed Nor Ground in New Zealand - 2024
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in New Zealand (CIF) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in New Zealand
Price for Spices; Mace, Neither Crushed Nor Ground in New Zealand (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $10,994 per ton in 2022, shrinking by -42.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 88%. Over the period under review, average import prices hit record highs at $27,065 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Indonesia ($27,460 per ton), while the price for India amounted to $10,893 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Spices; Mace, Neither Crushed Nor Ground in New Zealand
For the fourth year in a row, New Zealand recorded growth in purchases abroad of spices; mace, neither crushed nor ground, which increased by 107% to 9.2 tons in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 454% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; mace, neither crushed nor ground skyrocketed to $102K in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 336%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Spices; Mace, Neither Crushed Nor Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.4 | 12.1 | 61.2 | 100 | 246.7% |
| Indonesia | 3.2 | 10.4 | 7.2 | 1.4 | -24.1% |
| United Arab Emirates | 0.1 | 2.8 | 2.7 | N/A | 419.6% |
| Singapore | 1.3 | 5.4 | 7.0 | N/A | 132.0% |
| Others | 0.1 | 0.5 | 7.3 | 0.2 | 26.0% |
| Total | 7.1 | 31.1 | 85.5 | 102 | 143.1% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to New Zealand in 2022:
- India (9.2 tons)
- Indonesia (0.1 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in New Zealand.
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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 New Zealand.
4002
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3783
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
8433
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,
3783
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
8433
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.
3877
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,
