Price for Spices; Mace, Neither Crushed Nor Ground in Vietnam - 2022
Contents:
- Price for Spices; Mace, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
- Price for Spices; Mace, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
- Imports of Spices; Mace, Neither Crushed Nor Ground in Vietnam
- Exports of Spices; Mace, Neither Crushed Nor Ground in Vietnam
Price for Spices; Mace, Neither Crushed Nor Ground in Vietnam (CIF) - 2022
The average import price for spices; mace, neither crushed nor ground stood at $21,645 per ton in 2022, shrinking by -2.1% against the previous year. Overall, the import price continues to indicate a slight decrease. The pace of growth was the most pronounced in 2020 an increase of 40%. The import price peaked at $25,654 per ton in 2012; however, from 2013 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -2.8% per year.
Price for Spices; Mace, Neither Crushed Nor Ground in Vietnam (FOB) - 2022
The average export price for spices; mace, neither crushed nor ground stood at $18,559 per ton in 2022, which is down by -9.4% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 68%. As a result, the export price attained the peak level of $20,474 per ton, and then shrank in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($18,559 per ton) and the Netherlands ($18,559 per ton), while the average price for exports to Canada ($18,558 per ton) and the UK ($18,558 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.5%).
Imports of Spices; Mace, Neither Crushed Nor Ground in Vietnam
After two years of decline, purchases abroad of spices; mace, neither crushed nor ground increased by 12% to 207 tons in 2022. Over the period under review, imports, however, showed a deep downturn.
In value terms, imports of spices; mace, neither crushed nor ground rose notably to $4.5M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 20%. As a result, imports attained the peak of $4.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Spices; Mace, Neither Crushed Nor Ground in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.1 | 4.9 | 4.1 | 4.5 | 3.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.1 | 4.9 | 4.1 | 4.5 | 3.2% |
Top Suppliers of Spices; Mace, Neither Crushed Nor Ground to Vietnam in 2022:
- Indonesia (206.5 tons)
Exports of Spices; Mace, Neither Crushed Nor Ground in Vietnam
In 2022, approx. 39 tons of spices; mace, neither crushed nor ground were exported from Vietnam; growing by 291% compared with 2021 figures. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,006% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of spices; mace, neither crushed nor ground soared to $718K in 2022. Overall, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,759% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Spices; Mace, Neither Crushed Nor Ground in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Netherlands | 9.6 | 125 | 298 | 457.2% | |
| Indonesia | N/A | N/A | 189 | 0% | |
| United Kingdom | N/A | N/A | 146 | 0% | |
| Canada | N/A | 65.9 | 85.0 | 29.0% | |
| Others | 1.3 | 11.7 | N/A | 800.0% | |
| Total | 10.9 | 202 | 718 | 711.6% | |
Top Export Markets for Spices; Mace, Neither Crushed Nor Ground from Vietnam in 2022:
- Netherlands (16.0 tons)
- Indonesia (10.2 tons)
- United Kingdom (7.9 tons)
- Canada (4.6 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Vietnam.
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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 Vietnam.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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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
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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
8417
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,
