Price for Spices; Mace, Neither Crushed Nor Ground in Singapore - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Singapore (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Singapore (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Singapore
- Exports of Spices; Mace, Neither Crushed Nor Ground in Singapore
Price for Spices; Mace, Neither Crushed Nor Ground in Singapore (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $12,709 per ton, declining by -45.2% against the previous year. In general, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 88%. As a result, import price attained the peak level of $28,020 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($29,741 per ton), while the price for Indonesia ($8,604 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+17.5%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Mace, Neither Crushed Nor Ground in Singapore (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $8,343 per ton in 2022, which is down by -58.4% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 116%. Over the period under review, the average export prices hit record highs at $26,069 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($23,743 per ton), while the average price for exports to Pakistan ($4,589 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 Fiji (+9.2%), while the prices for the other major destinations experienced a decline.
Imports of Spices; Mace, Neither Crushed Nor Ground in Singapore
In 2022, the amount of spices; mace, neither crushed nor ground imported into Singapore fell to 5 tons, declining by -12.6% compared with 2021. Overall, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 182% against the previous year. As a result, imports attained the peak of 5.7 tons, and then shrank in the following year.
In value terms, imports of spices; mace, neither crushed nor ground shrank remarkably to $64K in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 133%. As a result, imports attained the peak of $133K, and then shrank dramatically in the following year.
| Import of Spices; Mace, Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 20.6 | 3.4 | 44.3 | 34.5 | 18.8% |
| India | 21.9 | 43.0 | 80.7 | 22.8 | 1.4% |
| Malaysia | 3.4 | 10.5 | 6.9 | 6.1 | 21.5% |
| Others | N/A | N/A | 0.7 | 0.1 | -85.7% |
| Total | 45.9 | 56.9 | 133 | 63.5 | 11.4% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Singapore in 2022:
- Indonesia (4.0 tons)
- India (0.8 tons)
- Malaysia (0.2 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Singapore
In 2022, shipments abroad of spices; mace, neither crushed nor ground decreased by -26.5% to 3.8 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 952% against the previous year. As a result, the exports attained the peak of 5.2 tons, and then dropped notably in the following year.
In value terms, exports of spices; mace, neither crushed nor ground contracted dramatically to $32K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 709%. As a result, the exports reached the peak of $103K, and then declined dramatically in the following year.
| Export of Spices; Mace, Neither Crushed Nor Ground in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | N/A | N/A | N/A | 13.8 | 0% |
| South Africa | N/A | 2.5 | 93.7 | 10.8 | 107.8% |
| Fiji | 0.2 | N/A | 0.6 | 5.5 | 201.8% |
| New Zealand | N/A | 6.5 | 8.8 | 1.3 | -55.3% |
| Others | 1.5 | 3.8 | 0.3 | 0.3 | -41.5% |
| Total | 1.7 | 12.8 | 103 | 31.6 | 164.9% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Singapore in 2022:
- Pakistan (3000.0 kg)
- South Africa (500.0 kg)
- Fiji (230.0 kg)
- New Zealand (50.0 kg)
625
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Singapore.
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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 Singapore.
3975
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3770
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
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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,
3770
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
8409
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.
3853
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,
