Price for Spices; Nutmeg, Crushed or Ground in Argentina - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Argentina (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Argentina (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Argentina
- Exports of Spices; Nutmeg, Crushed or Ground in Argentina
Price for Spices; Nutmeg, Crushed or Ground in Argentina (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $6,506 per ton in 2022, picking up by 11% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 an increase of 78% against the previous year. The import price peaked at $9,580 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,633 per ton), while the price for Indonesia stood at $6,366 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.2%).
Price for Spices; Nutmeg, Crushed or Ground in Argentina (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $18,011 per ton, which is down by -4.7% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2021 an increase of 13%. The export price peaked at $36,445 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($50,732 per ton), while the average price for exports to Uruguay ($10,928 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 France (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Argentina
After three years of growth, supplies from abroad of spices; nutmeg, crushed or ground decreased by -5.4% to 171 tons in 2022. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 14% against the previous year.
In value terms, spices; nutmeg, crushed or ground imports reached $1.1M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 79%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Spices; Nutmeg, Crushed or Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 406 | 516 | 594 | 983 | 34.3% |
| India | 88.2 | 77.6 | 51.8 | 123 | 11.7% |
| Others | 2.6 | 0.3 | 415 | 4.4 | 19.2% |
| Total | 497 | 594 | 1,061 | 1,110 | 30.7% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Argentina in 2022:
- Indonesia (154.5 tons)
- India (16.1 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Argentina
In 2022, overseas shipments of spices; nutmeg, crushed or ground decreased by -16.9% to 350 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, the exports attained the peak of 421 kg, and then contracted dramatically in the following year.
In value terms, spices; nutmeg, crushed or ground exports contracted markedly to $6.3K in 2022. In general, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $8K, and then dropped remarkably in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 1.1 | 1.3 | 1.8 | 2.8 | 36.5% |
| Uruguay | 1.9 | 1.8 | 2.1 | 2.7 | 12.4% |
| Paraguay | 0.6 | 0.5 | 0.4 | 0.5 | -5.9% |
| Peru | 0.2 | 0.2 | 0.1 | 0.3 | 14.5% |
| France | N/A | 0.4 | 1.8 | N/A | 350.0% |
| Others | N/A | 0.4 | 1.8 | N/A | 350.0% |
| Total | 3.8 | 4.7 | 8.0 | 6.3 | 18.4% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Argentina in 2022:
- Uruguay (251.0 kg)
- Free Zones (56.0 kg)
- Paraguay (28.0 kg)
- Peru (15.0 kg)
601
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Argentina.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
601
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Argentina.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3772
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,
3772
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,
