Price for Spices; Nutmeg, Crushed or Ground in Australia - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Australia (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Australia (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Australia
- Exports of Spices; Nutmeg, Crushed or Ground in Australia
Price for Spices; Nutmeg, Crushed or Ground in Australia (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $6,645 per ton in 2022, which is down by -9.7% against the previous year. In general, the import price showed a pronounced descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 42% against the previous year. The import price peaked at $10,533 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($10,153 per ton), while the price for Indonesia ($4,424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Australia (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $9,535 per ton in 2022, picking up by 13% against the previous year. In general, the export price, however, saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42%. The export price peaked at $19,059 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Singapore ($44,106 per ton), while the average price for exports to India ($4,486 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 Singapore (+13.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Australia
In 2022, the amount of spices; nutmeg, crushed or ground imported into Australia surged to 267 tons, with an increase of 36% compared with the year before. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground imports surged to $1.8M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Spices; Nutmeg, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 350 | 398 | 430 | 651 | 23.0% |
| India | 455 | 548 | 598 | 605 | 10.0% |
| Vietnam | 197 | 362 | 365 | 461 | 32.8% |
| Others | 42.5 | 25.3 | 50.8 | 54.3 | 8.5% |
| Total | 1,045 | 1,333 | 1,444 | 1,771 | 19.2% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Australia in 2022:
- Indonesia (147.1 tons)
- India (59.6 tons)
- Vietnam (55.3 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Australia
In 2022, shipments abroad of spices; nutmeg, crushed or ground decreased by -32.9% to 13 tons, falling for the second consecutive year after two years of growth. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 16% against the previous year. As a result, the exports reached the peak of 21 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; nutmeg, crushed or ground exports fell markedly to $119K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 28%. As a result, the exports reached the peak of $158K, and then contracted dramatically in the following year.
| Export of Spices; Nutmeg, Crushed or Ground in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 69.3 | 55.3 | 94.5 | 70.7 | 0.7% |
| Malaysia | 25.1 | 33.4 | 38.9 | 13.2 | -19.3% |
| Singapore | 8.0 | 15.5 | 12.0 | 12.5 | 16.0% |
| India | N/A | N/A | N/A | 4.5 | 0% |
| Others | 17.5 | 19.1 | 12.5 | 18.4 | 1.7% |
| Total | 120 | 123 | 158 | 119 | -0.3% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Australia in 2022:
- New Zealand (10.3 tons)
- India (1.0 tons)
- Malaysia (0.5 tons)
- Singapore (0.3 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
724
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Australia.
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,
