Price for Spices; Nutmeg, Crushed or Ground in New Zealand - 2023
Contents:
- Price for Spices; Nutmeg, Crushed or Ground in New Zealand (CIF) - 2022
- Price for Spices; Nutmeg, Crushed or Ground in New Zealand (FOB) - 2022
- Imports of Spices; Nutmeg, Crushed or Ground in New Zealand
- Exports of Spices; Nutmeg, Crushed or Ground in New Zealand
Price for Spices; Nutmeg, Crushed or Ground in New Zealand (CIF) - 2022
In 2022, the average import price for spices; nutmeg, crushed or ground amounted to $13,015 per ton, falling by -6.1% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 an increase of 35% against the previous year. As a result, import price attained the peak level of $19,244 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 Malaysia ($18,947 per ton), while the price for China ($8,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Crushed or Ground in New Zealand (FOB) - 2022
In 2022, the average export price for spices; nutmeg, crushed or ground amounted to $16,233 per ton, rising by 49% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 141%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
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 Norfolk Island ($30,667 per ton), while the average price for exports to Cook Islands ($8,472 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 Norfolk Island (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Nutmeg, Crushed or Ground in New Zealand
In 2022, the amount of spices; nutmeg, crushed or ground imported into New Zealand contracted to 27 tons, which is down by -5% on 2021 figures. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 14%.
In value terms, spices; nutmeg, crushed or ground imports declined to $357K in 2022. In general, imports saw a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports reached the peak of $400K, and then dropped in the following year.
| Import of Spices; Nutmeg, Crushed or Ground in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 164 | 130 | 156 | 125 | -8.7% |
| Malaysia | 165 | 119 | 157 | 122 | -9.6% |
| Australia | 26.7 | 31.2 | 46.6 | 37.5 | 12.0% |
| Vietnam | 9.2 | 8.0 | 11.6 | 32.5 | 52.3% |
| Indonesia | 15.9 | 21.3 | 26.5 | 21.7 | 10.9% |
| China | 2.4 | 0.6 | N/A | 7.9 | 48.8% |
| Italy | N/A | 13.1 | N/A | 6.1 | -31.8% |
| Others | 3.1 | 12.6 | 1.8 | 3.9 | 8.0% |
| Total | 386 | 336 | 400 | 357 | -2.6% |
Top Suppliers of Spices; Nutmeg, Crushed or Ground to New Zealand in 2022:
- India (12.7 tons)
- Malaysia (6.5 tons)
- Australia (2.6 tons)
- Vietnam (2.6 tons)
- Indonesia (1.4 tons)
- China (0.9 tons)
- Italy (0.6 tons)
Exports of Spices; Nutmeg, Crushed or Ground in New Zealand
In 2022, overseas shipments of spices; nutmeg, crushed or ground decreased by -55% to 159 kg, falling for the second consecutive year after two years of growth. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,570%. As a result, the exports reached the peak of 1.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, spices; nutmeg, crushed or ground exports contracted remarkably to $2.6K in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,676%. As a result, the exports reached the peak of $9.6K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Spices; Nutmeg, Crushed or Ground in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | 273 | 1,132 | 787 | 69.8% |
| Tonga | 91.0 | 471 | 171 | 782 | 104.8% |
| Cook Islands | 279 | 926 | 472 | 449 | 17.2% |
| Samoa | N/A | 138 | 129 | 136 | -0.7% |
| Vanuatu | N/A | N/A | N/A | 116 | 0% |
| Norfolk Island | N/A | 2,037 | 133 | 92.0 | -78.7% |
| Australia | N/A | 5,492 | 1,465 | N/A | -73.3% |
| Bahrain | N/A | 169 | 184 | N/A | 8.9% |
| Others | 171 | 101 | 158 | 219 | 8.6% |
| Total | 541 | 9,607 | 3,844 | 2,581 | 68.3% |
Top Export Markets for Spices; Nutmeg, Crushed or Ground from New Zealand in 2022:
- Fiji (55.0 kg)
- Cook Islands (53.0 kg)
- Tonga (26.0 kg)
- Samoa (13.0 kg)
- Vanuatu (4.0 kg)
- Norfolk Island (3.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in New Zealand.
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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 New Zealand.
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,
