Price for Spices; Mace, Neither Crushed Nor Ground in Peru - 2022

Contents:

  1. Price for Spices; Mace, Neither Crushed Nor Ground in Peru (FOB) - 2022
  2. Exports of Spices; Mace, Neither Crushed Nor Ground in Peru

Price for Spices; Mace, Neither Crushed Nor Ground in Peru (FOB) - 2022

The average export price for spices; mace, neither crushed nor ground stood at $8,548 per ton in 2022, increasing by 7.6% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; mace, neither crushed nor ground increased by +184.9% against 2018 indices. The growth pace was the most rapid in 2019 when the average export price increased by 73% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 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 Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +4.4% per year.

Exports of Spices; Mace, Neither Crushed Nor Ground in Peru

For the fourth year in a row, Peru recorded growth in overseas shipments of spices; mace, neither crushed nor ground, which increased by 77% to 62 kg in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 600% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of spices; mace, neither crushed nor ground skyrocketed to $530 in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 651% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

Export of Spices; Mace, Neither Crushed Nor Ground in Peru (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada26.037.0278530173.2%
OthersN/AN/AN/AN/A0%
Total26.037.0278530173.2%

Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Peru in 2022:

  1. Canada (62.0 kg)

Source: IndexBox Market Intelligence Platform

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