Price for Spices; Mace, Neither Crushed Nor Ground in Sri Lanka - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
- Exports of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka
- Imports of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka
Price for Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for spices; mace, neither crushed nor ground amounted to $18,906 per ton, falling by -3.7% against the previous year. Overall, the export price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2019 an increase of 32% against the previous year. The export price peaked at $24,795 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($31,412 per ton), while the average price for exports to Bangladesh ($8,894 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 Pakistan (+4.7%), while the prices for the other major destinations experienced a decline.
Price for Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $14,600 per ton in 2022, with an increase of 122% against the previous year. Overall, the import price, however, showed a abrupt slump. The import price peaked at $37,156 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($15,500 per ton), while the price for Pakistan totaled $14,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.4%).
Exports of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka
In 2022, after two years of decline, there was significant growth in shipments abroad of spices; mace, neither crushed nor ground, when their volume increased by 6.4% to 283 tons. Over the period under review, exports, however, showed a drastic downturn.
In value terms, exports of spices; mace, neither crushed nor ground rose to $5.3M in 2022. In general, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 7.4%.
| Export of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.0 | 2.9 | 2.9 | 3.3 | -12.9% |
| Germany | 0.4 | 0.4 | 1.0 | 1.1 | 40.1% |
| Bangladesh | 0.4 | 0.5 | 0.4 | 0.7 | 20.5% |
| Pakistan | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.7 | 1.0 | 0.8 | 0.3 | -24.6% |
| Total | 6.5 | 4.9 | 5.2 | 5.3 | -6.6% |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Sri Lanka in 2022:
- India (162.8 tons)
- Bangladesh (75.4 tons)
- Germany (34.4 tons)
Imports of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka
In 2022, approx. 5 kg of spices; mace, neither crushed nor ground were imported into Sri Lanka; waning by -95.8% on the previous year. Overall, imports recorded a dramatic descent. The smallest decline of -22.2% was in 2020.
In value terms, imports of spices; mace, neither crushed nor ground dropped sharply to $73 in 2022. In general, imports faced a precipitous contraction. The smallest decline of -48.7% was in 2020.
| Import of Spices; Mace, Neither Crushed Nor Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | N/A | N/A | 0% |
| India | 3.4 | 2.9 | 0.3 | N/A | -70.3% |
| Indonesia | 27.4 | 12.9 | 0.5 | N/A | -86.5% |
| Pakistan | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 30.8 | 15.8 | 0.8 | 0.1 | -85.2% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Sri Lanka in 2022:
- Pakistan (3.0 kg)
- Germany (2.0 kg)
843
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
843
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Sri Lanka.
4013
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3784
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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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,
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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
8439
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.
3882
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,
