Price for Spices; Mace, Neither Crushed Nor Ground in the Philippines - 2023
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in the Philippines
Price for Spices; Mace, Neither Crushed Nor Ground in the Philippines (CIF) - 2022
In 2022, the average import price for spices; mace, neither crushed nor ground amounted to $21,238 per ton, reducing by -3.8% against the previous year. Over the period under review, the import price, however, continues to indicate a slight expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs at $22,087 per ton in 2021, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +6.2% per year.
Imports of Spices; Mace, Neither Crushed Nor Ground in the Philippines
In 2022, approx. 922 kg of spices; mace, neither crushed nor ground were imported into the Philippines; which is down by -53.8% on the year before. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 127%.
In value terms, imports of spices; mace, neither crushed nor ground plummeted to $20K in 2022. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 132%. As a result, imports reached the peak of $44K, and then declined markedly in the following year.
| Import of Spices; Mace, Neither Crushed Nor Ground in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 33.0 | 18.9 | 34.6 | 19.6 | -15.9% |
| India | 0.5 | 0.1 | 9.5 | N/A | 335.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.5 | 19.0 | 44.1 | 19.6 | -16.4% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to the Philippines in 2022:
- Indonesia (922.0 kg)
660
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Philippines.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
660
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in the Philippines.
4021
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3791
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
8456
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.
3900
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,
3791
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
8456
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.
3900
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,
