Price for Spices; Nutmeg, Crushed or Ground in Costa Rica - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Costa Rica (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Costa Rica (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Costa Rica
- Exports of Spices; Nutmeg, Crushed or Ground in Costa Rica
Price for Spices; Nutmeg, Crushed or Ground in Costa Rica (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $6,415 per ton, surging by 5.8% against the previous year. Over the period under review, the import price, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2020 an increase of 24%. Over the period under review, average import prices attained the maximum at $10,097 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($27,978 per ton), while the price for India ($3,118 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in Costa Rica (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $10,481 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 37% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($10,586 per ton), while the average price for exports to Guatemala totaled $9,450 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Costa Rica
In 2022, approx. 22 tons of spices; nutmeg, crushed or ground were imported into Costa Rica; dropping by -23.3% compared with the previous year's figure. Over the period under review, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +32.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of 29 tons, and then shrank remarkably in the following year.
In value terms, spices; nutmeg, crushed or ground imports fell remarkably to $142K in 2022. The total import value increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports reached the peak of $175K, and then dropped rapidly in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 79.5 | 91.3 | 73.0 | 49.8 | -14.4% |
| India | 9.4 | 8.1 | 49.1 | 33.7 | 53.1% |
| Spain | 5.6 | 1.5 | 7.1 | 31.0 | 76.9% |
| Indonesia | 5.3 | 1.2 | 9.6 | 19.1 | 53.3% |
| Guatemala | 1.1 | 1.7 | 3.9 | 8.1 | 94.5% |
| Vietnam | 13.4 | 9.3 | 13.5 | N/A | 0.4% |
| Singapore | N/A | 7.2 | N/A | N/A | 0% |
| Others | 10.3 | 7.8 | 18.3 | N/A | 33.3% |
| Total | 125 | 128 | 175 | 142 | 4.3% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Costa Rica in 2022:
- India (10.8 tons)
- United States (6.5 tons)
- Spain (3.1 tons)
- Guatemala (1.0 tons)
- Indonesia (0.7 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Costa Rica
Spices; nutmeg, crushed or ground exports from Costa Rica shrank slightly to 2.2 tons in 2022, which is down by -4% against 2021. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year.
In value terms, spices; nutmeg, crushed or ground exports rose markedly to $23K in 2022. Overall, total exports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +84.2% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 71% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 8.0 | 7.3 | 15.5 | 20.8 | 37.5% |
| Guatemala | 11.3 | 4.3 | 5.2 | 1.9 | -44.8% |
| Others | 0.9 | 0.7 | 0.5 | N/A | -25.5% |
| Total | 20.2 | 12.3 | 21.1 | 22.7 | 4.0% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Costa Rica in 2022:
- Panama (2.0 tons)
- Guatemala (0.2 tons)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Costa Rica.
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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 Costa Rica.
3980
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3771
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
8413
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.
3856
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,
3771
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
8413
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.
3856
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,
