Price for Spices; Nutmeg, Crushed or Ground in Guatemala - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Guatemala (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Guatemala (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in Guatemala
- Exports of Spices; Nutmeg, Crushed or Ground in Guatemala
Price for Spices; Nutmeg, Crushed or Ground in Guatemala (CIF) - 2022
The average import price for spices; nutmeg, crushed or ground stood at $4,836 per ton in 2022, growing by 23% against the previous year. In general, the import price, however, saw a perceptible shrinkage. The import price peaked at $6,819 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($14,710 per ton), while the price for India ($3,956 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Guatemala (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $5,345 per ton, falling by -5.3% against the previous year. Over the period under review, the export price showed a pronounced setback. The growth pace was the most rapid in 2016 when the average export price increased by 22%. The export price peaked at $7,481 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($8,265 per ton), while the average price for exports to El Salvador ($4,077 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 Costa Rica (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Crushed or Ground in Guatemala
In 2022, overseas purchases of spices; nutmeg, crushed or ground decreased by -36.5% to 22 tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 12%. As a result, imports attained the peak of 47 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spices; nutmeg, crushed or ground imports fell notably to $106K in 2022. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. As a result, imports attained the peak of $193K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spices; Nutmeg, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 128 | 156 | 115 | 78.4 | -15.1% |
| United States | 8.4 | 8.9 | 11.5 | 13.7 | 17.7% |
| Indonesia | N/A | N/A | 3.3 | 6.5 | 97.0% |
| Costa Rica | 12.0 | 4.7 | 4.6 | 3.2 | -35.6% |
| Others | 18.2 | 23.1 | 2.4 | 4.6 | -36.8% |
| Total | 167 | 193 | 136 | 106 | -14.1% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Guatemala in 2022:
- India (19.8 tons)
- United States (0.9 tons)
- Indonesia (0.6 tons)
- Costa Rica (0.5 tons)
Exports of Spices; Nutmeg, Crushed or Ground in Guatemala
In 2022, the amount of spices; nutmeg, crushed or ground exported from Guatemala soared to 4.9 tons, picking up by 113% compared with 2021 figures. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, spices; nutmeg, crushed or ground exports surged to $26K in 2022. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 7.0 | 4.1 | 7.1 | 13.2 | 23.5% |
| Costa Rica | N/A | N/A | N/A | 7.6 | 0% |
| Honduras | 2.8 | 3.1 | 5.9 | 5.2 | 22.9% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 9.8 | 7.2 | 13.0 | 26.2 | 38.8% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Guatemala in 2022:
- El Salvador (3.2 tons)
- Costa Rica (1.0 tons)
- Honduras (0.6 tons)
788
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
4020
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
788
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Guatemala.
4020
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
8450
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.
3899
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
8450
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.
3899
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,
