Price for Spices; Mace, Neither Crushed Nor Ground in Thailand - 2024
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Thailand (CIF) - 2024
- Imports of Spices; Mace, Neither Crushed Nor Ground in Thailand
Price for Spices; Mace, Neither Crushed Nor Ground in Thailand (CIF) - 2024
In January 2024, the average import price for spices; mace, neither crushed nor ground amounted to $17,772 per ton, leveling off at the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 7.6% against the previous month. The import price peaked at $19,594 per ton in November 2023; however, from December 2023 to January 2024, 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 January 2023 to January 2024, the rate of growth in terms of prices for Indonesia amounted to -0.4% per month.
Imports of Spices; Mace, Neither Crushed Nor Ground in Thailand
Imports of spices; mace, neither crushed nor ground into Thailand declined slightly to 43 tons in 2022, waning by -4.4% against 2021 figures. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports attained the peak of 45 tons, and then dropped modestly in the following year.
In value terms, imports of spices; mace, neither crushed nor ground declined to $873K in 2022. The total import value increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year.
| Import of Spices; Mace, Neither Crushed Nor Ground in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 686 | 874 | 912 | 873 | 8.4% |
| Malaysia | 54.2 | 55.0 | 40.8 | N/A | -13.2% |
| Others | N/A | 0.1 | 15.5 | N/A | 15400.0% |
| Total | 741 | 929 | 968 | 873 | 5.6% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Thailand in 2022:
- Indonesia (43.4 tons)
582
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
582
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Thailand.
3990
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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,
3773
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
8421
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.
3860
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,
