Price for Spices; Nutmeg, Crushed or Ground in Indonesia - 2022
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in Indonesia (FOB) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in Indonesia (CIF) - 2022
- Exports of Spices; Nutmeg, Crushed or Ground in Indonesia
- Imports of Spices; Nutmeg, Crushed or Ground in Indonesia
Price for Spices; Nutmeg, Crushed or Ground in Indonesia (FOB) - 2022
The average export price for spices; nutmeg, crushed or ground stood at $9,859 per ton in 2022, increasing by 40% against the previous year. Overall, the export price, however, recorded a noticeable decrease. The export price peaked at $12,636 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($13,344 per ton), while the average price for exports to India ($3,458 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 Brazil (+3.9%), while the prices for the other major destinations experienced a decline.
Price for Spices; Nutmeg, Crushed or Ground in Indonesia (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $6,096 per ton, which is down by -4.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 82% against the previous year. The import price peaked at $17,387 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($13,102 per ton), while the price for Vietnam ($5,334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced a decline.
Exports of Spices; Nutmeg, Crushed or Ground in Indonesia
In 2022, approx. 5.6K tons of spices; nutmeg, crushed or ground were exported from Indonesia; jumping by 76% on 2021 figures. Overall, exports showed a strong 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 soared to $55M in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Spices; Nutmeg, Crushed or Ground in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 1.9 | 2.1 | 8.6 | 65.4% |
| Netherlands | 2.7 | 2.4 | 3.1 | 4.2 | 15.9% |
| France | 0.6 | 0.5 | 0.3 | 3.1 | 72.9% |
| Japan | 1.0 | 1.0 | 0.9 | 2.5 | 35.7% |
| Spain | 0.5 | 0.7 | 0.6 | 1.4 | 40.9% |
| Austria | 0.6 | 0.6 | 0.6 | 1.2 | 26.0% |
| United Kingdom | 0.6 | 0.2 | 0.5 | 1.0 | 18.6% |
| Argentina | N/A | 0.1 | 0.3 | 1.0 | 216.2% |
| Germany | 0.8 | 1.0 | 0.5 | 0.9 | 4.0% |
| Italy | 0.6 | 0.9 | 0.6 | 0.8 | 10.1% |
| Brazil | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| Australia | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| India | 0.4 | 0.2 | 0.7 | 0.4 | 0.0% |
| Others | 11.0 | 10.8 | 11.8 | 28.7 | 37.7% |
| Total | 21.0 | 20.5 | 22.4 | 55.1 | 37.9% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from Indonesia in 2022:
- United States (795.6 tons)
- Netherlands (442.3 tons)
- France (248.7 tons)
- Japan (184.3 tons)
- Germany (156.2 tons)
- Argentina (144.0 tons)
- Spain (138.8 tons)
- Australia (137.2 tons)
- United Kingdom (135.0 tons)
- India (128.3 tons)
- Austria (112.5 tons)
- Brazil (98.3 tons)
- Italy (72.8 tons)
Imports of Spices; Nutmeg, Crushed or Ground in Indonesia
In 2022, approx. 31 tons of spices; nutmeg, crushed or ground were imported into Indonesia; with a decrease of -18.6% against the previous year. In general, imports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 62%.
In value terms, spices; nutmeg, crushed or ground imports contracted sharply to $190K in 2022. Over the period under review, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 with an increase of 78% against the previous year.
| Import of Spices; Nutmeg, Crushed or Ground in Indonesia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 647 | 65.2 | 174 | 151 | -38.4% |
| Turkey | 44.0 | 28.5 | 28.7 | 18.8 | -24.7% |
| United States | 24.1 | 8.7 | 9.8 | 5.7 | -38.2% |
| Others | 30.4 | 34.4 | 30.9 | 15.1 | -20.8% |
| Total | 746 | 137 | 244 | 190 | -36.6% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to Indonesia in 2022:
- Vietnam (28.2 tons)
- Turkey (1.4 tons)
- United States (0.6 tons)
1314
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Indonesia.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
1314
This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Indonesia.
3988
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3773
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,
3773
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,
